# E-Closings with Snapdocs

**URL:** <https://forum.notarycafe.com/t/e-closings-with-snapdocs/33323>\
**Category:** PSAs and News\
**Created:** [April 12, 2022, 2:16pm UTC](https://forum.notarycafe.com/t/e-closings-with-snapdocs/33323 "2022-04-12T14:16:36Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![donaldsonnp](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.notarycafe.com/donaldsonnp/32/35197_2.png) [@donaldsonnp](https://forum.notarycafe.com/u/donaldsonnp)\
**Post date:** [April 12, 2022, 2:16pm UTC](https://forum.notarycafe.com/t/e-closings-with-snapdocs/33323/1 "2022-04-12T14:16:36Z")

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Mortgage fintech Maxwell is partnering with Snapdocs to integrate the latter’s eClosing software into the former’s platform, which is said to serve more than 350 lenders.

The Snapdocs component can save lenders [hundreds of dollars](https://www.nationalmortgagenews.com/news/eclosings-can-save-lenders-444-per-loan-report-finds) on their per-loan costs, which could be crucial considering that lenders have seen their per loan income decrease 56% year-over-year in 2022,

Snapdocs automates and streamlines closing document review and signature steps for borrowers, improving efficiency and allowing lenders to close more loans per month. The technology also ensures accuracy, Paasonen said, reducing quality control time by 85%, and saving lenders between $400 to $500 in costs per loan.

Snapdocs [achieved unicorn status last spring](https://www.nationalmortgagenews.com/news/snapdocs-latest-fundraising-boosts-its-valuation-over-1-billion) and continues to permeate the industry as the [appetite for eClosing persists](https://www.nationalmortgagenews.com/news/how-mortgage-lenders-are-approaching-a-changed-spring-season) since the onset of the coronavirus pandemic. In the past seven months, Snapdocs has [teamed with other lenders](https://www.nationalmortgagenews.com/news/snapdocs-and-mortgage-cadence-partner-for-digital-closings) and [Freddie Mac](https://www.nationalmortgagenews.com/news/snapdocs-teams-with-freddie-mac-on-emortgage-quickstart-for-lenders) on digital mortgage management and most recently, partnered with MISMO to form the eEligibility Exchange to provide comprehensive information regarding digital closing criteria.

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**Author:** ![vvs.notary.services](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.notarycafe.com/vvs.notary.services/32/19677_2.png) [@vvs.notary.services](https://forum.notarycafe.com/u/vvs.notary.services)\
**Post date:** [April 14, 2022, 2:41am UTC](https://forum.notarycafe.com/t/e-closings-with-snapdocs/33323/2 "2022-04-14T02:41:12Z")

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Regardless of what one may think of them as an NSA, looks like they are working on going public on the market (worth $270 mil). Looking at their profile, I would buy in, as they appear to be involved with several other ventures!

> **[Invest In Snapdocs Stock | Buy Pre-IPO Shares | EquityZen](https://equityzen.com/company/snapdocs/)**
>
> EquityZen is a marketplace for shares of proven pre IPO tech companies

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**Author:** ![donaldsonnp](https://yyz2.discourse-cdn.com/flex034/user_avatar/forum.notarycafe.com/donaldsonnp/32/35197_2.png) [@donaldsonnp](https://forum.notarycafe.com/u/donaldsonnp)\
**Post date:** [April 14, 2022, 3:17am UTC](https://forum.notarycafe.com/t/e-closings-with-snapdocs/33323/3 "2022-04-14T03:17:15Z")

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Thanks for sharing …………

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**Author:** ![system](https://canada1.discourse-cdn.com/flex034/uploads/notarycafe/original/2X/5/536ced5cfa77a57223f140e81670eb5e2685a07d.jpeg) [@system](https://forum.notarycafe.com/u/system)\
**Post date:** [July 13, 2022, 3:18am UTC](https://forum.notarycafe.com/t/e-closings-with-snapdocs/33323/4 "2022-07-13T03:18:09Z")

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Closed on July 13, 2022, 3:18am UTC

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