Snapdocs offers an AI‑powered eClosing platform that digitizes the entire mortgage closing workflow, automating document preparation, electronic signatures, and routing for wet, hybrid, eNote and remote online notarization closings. The solution includes a notary marketplace, real‑time status dashboards, a machine‑learning quality‑control engine, and a secure eVault for compliant storage and transfer of electronic promissory notes, helping lenders, title companies, and signing services close loans faster and with fewer errors.
Funding
$150M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+5Founders
Product
Problem
Mortgage lenders, title companies, and signing services rely on manual, paper‑based processes and fragmented communications to coordinate closings, store eNotes, and verify documents. These workflows generate errors, delay funding, increase operational costs, and create a poor borrower experience.
Solution
Snapdocs provides an integrated, AI‑powered platform that digitizes every step of the mortgage closing lifecycle. Its eClosing solution automates document preparation, electronic signatures, and workflow routing for wet, hybrid, eNote and remote online notarization (RON) closings, reducing manual decisions and errors. The Notary Connect module links borrowers with the nation’s largest network of vetted mobile notaries, handling credential verification, scheduling, communication, and payments. Quality Control uses machine‑learning to instantly review funding and post‑close files, flagging exceptions with 99%+ accuracy. The eVault securely stores, manages, and transfers electronic promissory notes, providing tamper‑seal protection, audit logs, and MISMO‑certified compliance for seamless secondary‑market delivery.
Target Audience
Primary customers are mortgage lenders, title and escrow companies, and signing service providers that need a unified digital closing solution to increase speed, accuracy, and borrower satisfaction.
Features
- AI‑driven workflow automation that standardizes eClosing for all loan types, cutting QC time by up to 85% and reducing closing errors by 80%
- Integrated notary marketplace (Notary Connect) with automated credential checks, real‑time scheduling, and end‑to‑end payment processing
- Real‑time visibility dashboard giving lenders, title companies, and borrowers instant status updates and document previews
- Quality Control engine that reviews critical‑to‑fund documents in under 2 minutes, achieving 99% accuracy and saving $140‑$215 per loan
- eVault digital repository with tamper‑seal technology, full audit trails, and compliance with MISMO, MERS® and GSE standards
- Open APIs and native integrations with leading LOS, POS, RON, and TPS systems for seamless data exchange
- Bulk eNote transfer capability and interoperability with third‑party eVault partners such as ProMerit and emBTRUST