Browse our eClose Solutions
Learn how Snapdocs has helped hundreds of lenders achieve their eClosing goals with the Snapdocs eSuite.
Defining eClosing / Digital Closing
An eClosing (commonly referred to as a digital closing) is a mortgage closing where most or all of the process is electronic. Lender documents are digitized and automatically routed to all participants.
Within the Snapdocs Digital Mortgage Closing platform, borrowers can preview their closing package and eSign most or all documents prior to the closing appointment. The Snapdocs platform allows all parties to coordinate and collaborate through one fully integrated system.
Wet Closing
The borrower previews all closing documents within the Snapdocs platform, where they can identify potential errors before the closing appointment. The borrower then attends an in-person closing appointment, where they wet-sign (ink-sign) the full closing package.
Hybrid Closing
The borrower previews all closing documents and eSigns the majority of closing documents within the Snapdocs platform. The borrower then attends a short in-person closing appointment, where they wet-sign (ink-sign) remaining documents that require notarization.
Hybrid + eNote Closing
Hybrid + eNote is the same as a hybrid closing, with the addition of an electronic promissory note (eNote). Both the eNote and most closing documents are signed within Snapdocs’ eClosing Platform prior to the in-person closing appointment. This is commonly called an eMortgage.
Full eClose (RON)
The borrower completes the entire closing digitally. Similar to a hybrid + eNote closing, the borrower previews all closing documents and eSigns the majority of documents within the Snapdocs platform. Instead of attending an in-person closing appointment, the borrower attends a virtual closing with a notary to electronically sign any remaining documents that require notarization.
Enhance Borrower Experience
Borrowers can preview documents and spend <15 minutes at the closing appointment, increasing customer satisfaction by +10pts NPS
Improve Team Efficiency & Decrease Costs
Save up to $250+ per loan* by increasing closing team productivity and reducing operational costs.
Reduce Risk & Eliminate Errors
Achieve 80% reduction in errors at the closing table, thanks to artificial intelligence, document preview, eSigning, and Closing Quality Control.
Jeff Henkel |SVP Closing Fulfillment at Taylor Morrison
“There are a number of eClosing providers to choose from. The key is finding the provider who shares your success story, and who partners with you to reach a common goal.
Snapdocs is a win-win. It’s a win for customer experience and it’s a win for efficiency.”
eClose Technology
Experience the industry’s top eClose platform that processes every loan type with tools that automate, standardize, and drive transparency in mortgage.
Settlement Network
Access the largest network of settlement agents, settlement offices, and notaries.
Dedicated Team
Snapdocs provides true partnership with a hands-on, custom approach to the entire eClose journey, from implementation to scaling eNote, RON, and beyond.
