Snapdocs Announces Lender Point of Sale Integration to Streamline Homebuying Experience for Borrowers
The industry’s leading closing software now integrates with lenders’ point of sale software to streamline the borrower experience — from application to close.
San Francisco, CA; August 19th, 2020 — Snapdocs, Inc., the mortgage industry’s leading digital closing solution, today announced a new integration with lenders’ point of sale (POS) systems. This integration allows lenders to provide a seamless, branded experience to borrowers from the loan application all the way through closing. Now, instead of creating multiple logins to complete tasks in different systems, borrowers enjoy a consistent digital experience throughout the homebuying process.
The integration is available for both third-party POS systems and “homegrown” systems built by a lender’s internal teams. In either case, borrowers often begin their journey by getting pre-approved through a lender’s POS system. Borrowers log into the same system to calculate payments, apply for the loan, and more, as the homebuying process unfolds. When it’s time for borrowers to preview and eSign closing documents, the Snapdocs integration guides them to login through the same POS system the borrower already knows and is comfortable using.
Snapdocs simply sends the borrower an email which takes them to the lender’s POS system. Using single sign-on technology, the integration allows borrowers to use the same secure username and password they created for their lender’s POS system to login and complete their closing in Snapdocs. If they’re already logged in, borrowers are automatically authenticated and sent to their closing in Snapdocs. If they’re not logged in, borrowers use the same secure username and password created for the lender’s POS system to login and complete their closing in Snapdocs.
The integration is available now and has been implemented by LoanSnap in southern California. With support from the Snapdocs customer success team, LoanSnap implemented the integration in two days with one internal engineer.
“We pride ourselves on having built the easiest-to-use website for our borrowers. When they’re used to everything being simple and easy all the way through the mortgage process, it’s jarring to suddenly toss them into another system and have them create a new account for the closing. Being able to have borrowers go straight into Snapdocs, using our existing login system, and quickly eSign the closing documents has made the mortgage experience simpler for them,” said Allan Carroll, founder and CTO of LoanSnap.
“We believe borrowers deserve a seamless online mortgage experience, regardless of the parties or technologies involved,” said Aaron King, CEO and founder of Snapdocs. “Snapdocs SSO means our lenders can provide this while building a best-in-breed tech stack instead of settling for subpar options.”
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 90,000 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 Silicon Valley venture capital funds, like Sequoia, F-Prime Capital, Y Combinator, Founders Fund, and SV Angel. To learn more, please visit snapdocs.com.