Snapdocs, Inc. has announced a new offering called the Snapdocs eMortgage Quickstart Program designed to empower lenders and give them the ability to more readily adopt eMortgages. The solution provides turnkey technology combined with expert eMortgage implementation and change management support, the company announced.
Additionally, the company stated Freddie Mac will be working with Snapdocs to promote eMortgage adoption and help lenders with their digital implementation and delivery efforts.
“Freddie Mac is a leader in eMortgage,” Snapdocs Head of Industry and Regulatory Affairs Camelia Martin said in a release. “They’ve paved the way for industry adoption through forward-thinking digital closing acceptance policies and support for lenders. We look forward to building upon Freddie Mac’s investments in eMortgage adoption by expanding access to the technology and resources lenders need to successfully digitize their closings.”
The eMortgage Quickstart Program offers tools such as
- The technology necessary to generate, store, manage and transfer eMortgages that is agnostic to lenders’ existing point-of-sale systems, loan origination systems or doc prep providers.
- An eMortgage implementation framework combined with expert professional services to enable lenders to not only implement but operationalize and scale their use of eMortgages.
- Streamlined implementation processes between counterparties to reduce complexity and facilitate eMortgage approval and onboarding process.
- An e-Eligibility engine to help lenders determine precisely how digital each closing can be.
- A forum to discuss the latest eMortgage developments and share best practices with other program participants.
“In today’s competitive landscape, our lender clients are focused on innovative and efficient technologies that can extend value and reduce time and costs while improving customer experience,” Sam Oliver, Freddie Mac Single-Family vice president, product delivery said.
“We are excited about our partnership with Snapdocs and we look forward to working with them and our clients to continue the industry’s journey towards a true digital mortgage.”
Snapdocs stated it has begun to identify initial lenders and additional partners to participate in the program, including servicers, subservicers, and warehouse lenders that support the use of eMortgages.