San Francisco, CA – May 12, 2026 — Snapdocs, the leading digital closing platform for the U.S. mortgage industry, today announced an initiative with BNY (NYSE: BK), a global financial services platforms company, to deliver automated, end-to-end digital mortgage collateral infrastructure.
The joint initiative addresses one of the mortgage industry's most persistent operational gaps: collateral delivery that still relies on numerous manual handoffs between settlement, lenders, warehouse banks, and custodians, causing multi-day delays that can slow secondary market execution and erode per-loan profitability.
The solution will combine BNY’s industry leading custody capabilities and investment in next-generation infrastructure with Snapdocs' platform, including its eVault technology, and document classification and data extraction capabilities. The solution will deliver the first connected digital infrastructure for secure, touchless, and auditable collateral delivery across the secondary mortgage market.
“At BNY, we are relentlessly focused on serving clients across the mortgage ecosystem from originators, servicers and warehouse lenders to issuers and investors. As digital collateral reshapes how loans are financed and traded, we are investing in solutions designed to enable faster, more transparent, and secure asset movement. Our work with Snapdocs to advance eCustody capabilities modernizes mortgage collateral delivery and review — which will help reduce friction, accelerate execution, and strengthen confidence in asset quality,”
— Johnny Wijaya, Head of Structured Finance & Document Custody Solutions at BNY
The initiative will equip BNY’s clients with four core capabilities:
"Managing collateral is one of the most expensive and risk-prone processes in mortgage, and until now, one of the least digitized. The combination of Snapdocs' eCustody solution and document intelligence with BNY's leading-edge capabilities in custody, will create the digital infrastructure the mortgage industry has long needed. Now lenders and secondary market participants will be able to move assets faster, with complete data visibility, and without the operational drag that has plagued collateral delivery to the secondary market for decades."
— Camelia Martin, VP of Digital Collateral Strategy & Partnerships at Snapdocs
For BNY's mortgage lender clients, the opportunity is immediate. eNotes and the vast majority of collateral can be delivered to investors digitally, either as eSigned documents or imaged wet-ink signed documents, meaning most collateral can now automatically move directly from point of execution to custodian, with integrity verified and chain of custody maintained at every step.
This also helps eliminate the manual scanning, reconciliations, and validations that physical delivery requires. In their place: digitized collateral delivery with automated validations, an immutable audit trail, and real-time visibility into delivery and receipt status — reducing cycle time, cutting per-loan operational costs, and improving profitability through faster secondary market execution.
Warehouse banks and investors can meet growing lender demand for digital collateral acceptance through BNY's turnkey eCustody solution — gaining real-time visibility into collateral data and a faster, more competitive loan acquisition process.
Snapdocs is the leading digital closing provider, connecting the people, processes, and technologies that power mortgage closings. Its AI-driven platform automates interactions among lenders, title companies, and investors from pre-closing through post-close. Paired with white-glove customer service and connectivity to the industry’s largest settlement and notary networks, Snapdocs makes closings fast, accurate, and efficient. For more information, visit www.snapdocs.com.
For Snapdocs
Laura Mighdoll
For BNY
Jessica Thomas