Snapdocs, a provider of digital closing software, has partnered with LenderLogix, which offers a point of sale solution geared for mortgage lenders, to provide shared customers with a unified closing experience.
The integration between Snapdocs’ eClosing platform and LenderLogix’s LiteSpeed point-of-sale (POS) gives lenders the ability to offer borrowers a streamlined digital closing from loan application to final signature, all 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,” says Camelia Martin, vice president of industry and regulatory affairs at Snapdocs, in a release. “Partnering with LenderLogix allows Snapdocs lenders to deliver a connected closing experience and realize the value of digitalization at scale.”
The companies’ newly integrated systems allow borrowers to start and complete their mortgage transaction within one familiar platform. No additional logins or interfaces are required. 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, reducing 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,” says Patrick O’Brien, CEO of LenderLogix. “Our partnership with Snapdocs enables lenders to better compete without the bulk of adopting an entirely new tech stack. By automating manual processes and providing greater control over borrower authentications, lenders can offer homebuyers a simple yet amazing closing experience.”