Digital closing provider Snapdocs announced that New American Funding (NAF) , one of the nation’s largest privately owned mortgage lenders, has selected its eClosing platform to accelerate digital closing adoption.
NAF plans to fully embrace digitization by scaling hybrid, eNote, and remote online notarization (RON) transactions. NAF said it chose Snapdocs due to its demonstrated reliability, expertise in digital transformation, and capability to provide a fully transparent process for all parties involved in mortgage closings.
“We are dedicated to meeting the needs of the next generation of homebuyers,” Kevin English, COO of NAF, said in a release. “Our mission is to become one of the largest lenders in the industry within the next three years, and a top producer of RON closings. We firmly believe that Snapdocs is the optimal partner to help us accomplish these goals. The Snapdocs platform enables a more efficient closing process, provides better service to our valued customers, and positions us for future growth.”
The Snapdocs eClosing platform uses proprietary artificial intelligence (AI)-powered technology, which reduces manual tasks, eliminates errors, and provides an automated borrower experience.
NAF plans to incorporate additional Snapdocs functionality over time to enhance its quality control and collaboration with title partners. A network of over 100,000 settlement agents uses Snapdocs, including all of NAF’s top partners.
“Snapdocs is proud to advance the digitization of the mortgage market through our partnership with NAF, an industry-leading innovator,” Michael Sachdev, CEO of Snapdocs, said. “We are committed to delivering hands-on support and guidance to ensure NAF effectively achieves eClosing adoption across its portfolio.”