BeSmartee, a fintech firm and developer of digital mortgage platforms, has integrated with Snapdocs, a digital closing platform for the mortgage industry, to provide a seamless, end-to-end borrower experience.
The partnership expands the functionality of the BeSmartee Mortgage Point-of-Sale (POS) platform with the addition of digital closing capabilities, powered by Snapdocs. Through its platform, Snapdocs enables lenders to use one process to facilitate every closing type, including traditional wet, hybrid, hybrid with eNote, and full eClose (with Remote Online Notarization).
BeSmartee’s partnership with Snapdocs will benefit lenders and provide a borrower experience with an 80% reduction in errors at the closing table. The single sign-on experience enables borrowers to use their BeSmartee credentials to review and eSign the closing package.
“We are thrilled to partner with Snapdocs to bring a best-in-class eClosing experience to BeSmartee customers,” says Veronica Nguyen, executive vice president and co-founder of BeSmartee. “Having a digital closing capability will allow lenders to provide their customers with a true end-to-end digital mortgage through the BeSmartee Mortgage POS platform, helping accelerate loan closings and improve the borrower experience.”
“Over the past couple years, digital closings have gone from a nice-to-have option to a must-have capability for lenders,” states Todd Maki, VP of business development and partnerships at Snapdocs. “By integrating our digital closing technology into its platform, mortgage lenders using the BeSmartee point of sale can offer their borrowers a seamless end-to-end digital mortgage experience, from application to closing.”
In an effort to advance digital mortgage closings, Snapdocs has engaged with digital mortgage consulting firm Falcon Capital Advisors to sponsor an independent assessment of the e-Eligibility of lender loan portfolios. The report will be offered to all BeSmartee customers and prospects to determine lender eClosing readiness.
The integration is targeted to go live in Q4 of this year.