Snapdocs has partnered with LenderLogix to
provide shared customers with a unified closing experience, according to a
press release. The integration between Snapdocs’ eClosing platform and
LenderLogix’s LiteSpeed point-of-sale (POS) is designed to enable lenders to streamline
digital closings from loan application to final signature, while automating
cumbersome and time-intensive internal processes.
“Lenders should have the freedom to build a
best-in-class technology stack that suits their specific business needs,” Snapdocs
Vice President of Industry and Regulatory Affairs Camelia Martin said in the
release. “Partnering with LenderLogix allows Snapdocs lenders to deliver a
connected closing experience and realize the value of digitalization at
scale."
The companies’ integrated systems allow
borrowers to start and complete mortgage transactions within one platform,
without additional logins or interfaces. Snapdocs’ open API enables a secure
stream of data from Snapdocs’ eClosing platform into LenderLogix. This allows
lenders to receive closing updates in real-time, which reduces the time and
costs of these otherwise manual processes and increasing overall lender
efficiency.
“We believe in slick technology that gives
lenders a competitive edge, regardless of organizational size. Our partnership
with Snapdocs enables lenders to better compete without the bulk of adopting an
entirely new tech stack,” said Patrick O’Brien, CEO of LenderLogix. “By
automating manual processes and providing greater control over borrower
authentications, lenders can offer homebuyers a simple yet amazing closing
experience.”