National mortgage lender Primary Residential Mortgage Inc. (PRMI) has rolled out Snapdocs’ eVault and digital closing platform across 250 branches in 49 states nationwide, the companies said.
San Francisco-based Snapdocs Inc. said it worked collaboratively with Utah-based PRMI to scale its electronic promissory note (eNote) platform.
The digital closing platform for the mortgage industry first announced its eVault in October 2021, describing it as a solution for the secure creation, storage, and transfer of eNotes and other digital mortgage documents.
The eVault is directly connected into the Snapdocs Digital Closing Platform, expanding its eVault integration suite to include a natively developed option. PRMI said it has seen a four-day reduction in dwell time for mortgages closed as eNotes, leading to a savings of more than $250 per loan.
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