What is an eClosing

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 eClosing (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.

A better homebuying experience for borrowers

Borrowers preview their closing documents before their appointment—so they know what to expect on closing day, and have plenty of time to ask questions in advance.

Higher team productivity & lower operating costs

Automated workflows help closing teams decrease the amount of time spent on manual tasks, and reduce operational costs related to shipping, sorting, and tagging documents.

Fewer risks & errors

Digital documents and accurate AI-powered quality control means closing documents are secure, error-free, and can't be lost, damaged, or tampered with.

Key Results

94% borrowers previewed their documents prior to the closing
80% loan closings eligible to eSign
100% closings on platform
5 months, successful rollout

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.”

– Jeff Henkel, SVP Closing Fulfillment