The Mortgage Firm closes loans faster with completed packages uploaded to Snapdocs
"While many lenders struggle with settlement adoption of digital closing technology, 99% of TMF's closings have the completed package uploaded to Snapdocs by settlement. Some of their settlement partners already used Snapdocs for mobile closings, so, 'it was super easy for them to transition.' With such high settlement engagement, TMF can give funding authorization once the completed package is uploaded, instead of waiting to receive the physical documents."
Evergreen
"Snapdcos' large network of settlement agents helped to ensure rapid adoption of a standardized process. For example, signed funding packages had previously been returned to Evergreen by email, fax, or overnight delivery; today, closers and funders receive an email as soon as they're uploaded to Snapdocs."
GMFS Lending experienced a 25% increase in settlement scanbacks
"Since implementing Snapdocs, settlement scanback opt-outs have decreased from 4% to 0% in a matter of months. Settlement has also provided positive feedback on the new QR code that each package is assigned, since it makes it easy for settlement to identify and complete every closing package. Settlement scanbacks have increased by 25% from January to August 2021 as a result."