Snapdocs, Inc., a digital closing platform for the mortgage industry, has rolled out its Snapdocs eMortgage Quickstart Program.
The new program is intended to empower lenders to more readily adopt eMortgages, or mortgages with electronic promissory notes (eNotes), by providing them with turnkey technology combined with expert eMortgage implementation and change management support.
As part of its continued efforts to promote eMortgage adoption, Freddie Mac will work with Snapdocs to help lenders with their digital implementation and delivery efforts.
“In today’s competitive landscape, our lender clients are focused on innovative and efficient technologies that can extend value and reduce time and costs while improving customer experience,” said Sam Oliver, vice president, product delivery for Freddie Mac Single-Family. “We are excited about our partnership with Snapdocs and we look forward to working with them and our clients to continue the industry’s journey towards a true digital mortgage.”
Digital closings have been a focal point for the industry for well over a decade, and the use of eMortgages is known to reduce errors and costs associated with loan closings while also increasing lenders’ operational efficiency.
“Freddie Mac is a leader in eMortgage,” said Snapdocs’ head of industry and regulatory affairs, Camelia Martin. “They’ve paved the way for industry adoption through forward-thinking digital closing acceptance policies and support for lenders. We look forward to building upon Freddie Mac’s investments in eMortgage adoption by expanding access to the technology and resources lenders need to successfully digitize their closings.”