As mortgage lenders move on from an unprecedented year, many are asking “what’s next?” With interest rates going up and inventory remaining low, leading lenders are gaining operating margin by implementing eClosing software. However, some struggle to scale this new process. Lenders need a clear framework to evaluate eClosing solutions, create an implementation plan, and forecast their expected return.
Teraverde CEO, Jim Deitch, and Snapdocs CEO, Aaron King give straightforward answers to your eClosing questions.
What you’ll learn
- The benefits of digital closings
- Common misconceptions of digital closings
- The importance of Settlement
- Considerations to take when deciding on a digital closing solution
- How to implement a closings solution
Aaron King | Founder & CEO, Snapdocs
Aaron King is a 20-year veteran of the real estate industry. He worked at a mortgage company while in high school, and after obtaining his notary license at the age of 18, he went on to start a nationwide notary signing service at 21. Recognizing an opportunity to make closings better for all participants, Aaron set out to build a platform that truly addresses the underlying problems that have held the industry back for so long. In 2013, he founded Snapdocs. Powering millions of closings a year, Snapdocs has a proven track record of creating a single, scalable process for every type of closing. Thus, enabling lenders and settlement to close more loans faster and at lower costs, while providing a better experience for their borrowers.
Jim Deitch | CEO and President of Teraverde
James M. Deitch is an entrepreneur, having founded two national banks, several mortgage banking ventures, and four technology-oriented companies. He currently serves as co-founder and CEO of Teraverde group of companies. Teraverde is a professional advisor to financial services companies. Teraverde helps banks and mortgage bankers achieve greater profitability, streamlined operations and process improvement while staying fully compliant with regulatory requirements.
Prior to Teraverde, Deitch was co-founder, Chairman and CEO of American Home Bank N.A. Under Deitch’s leadership, American Home Bank has been cited as one of the fastest growing companies in the United States by INC. Magazine. The Bank was named one of the top 50 residential lenders in the United States by SourceMedia, publisher of American Banker. American Home Bank was ultimately acquired by BBT.
Jim is a frequent author for industry publications. He authored “Digitally Transforming the Mortgage Banking Industry”, which was a #1 best selling new release in its category in February 2018. His second book, “Strategically Transforming the Mortgage Banking Industry” was released on October 6, 2018 and became a #1 best selling new release shortly thereafter. Jim’s upcoming book is going to be published by De Gruyter “Disruptive Fintech – the Coming Wave of Innovation in Financial Services: Thought Leadership from CEO’s Leading the Charge” which was released in December 2019.
Learn more about Snapdocs
Founded in 2013, Snapdocs is the mortgage industry’s leading digital closing platform. With its patented AI technology and connected platform, Snapdocs is on a mission to perfect mortgage closings for all. Powering millions of closings a year, Snapdocs is leading the charge to modernize, streamline, and improve the mortgage process for lenders, borrowers, and settlement. Snapdocs is the only solution with a proven track record of creating a single, scalable process for every closing. Every day, over 130,000 mortgage professionals rely on Snapdocs to automate manual work and digitize paper processes that plague the industry. Snapdocs is a rapidly growing San Francisco based real estate technology company backed by leading investors including Sequoia, Y Combinator, Tiger Global, F-Prime, Zigg Capital, Alkeon, Wellington Management, Greenpoint Partners, Maverick, Founders Fund, SV Angel, Gokul Rajaram, Lachy Groom, Jack and Sam Altman and Coyne Lloyd. To learn more, please visit snapdocs.com.
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