Michael Sachdev has been promoted to CEO of Snapdocs, a provider of digital closing solutions to the mortgage industry.
Sachdev was previously president of the company.
Sachdev joined Snapdocs in 2021 to lead the company’s operating teams and has brought incredible performance since starting, positioning the company for future growth, Snapdocs says in a release.
Prior to Snapdocs, he served as chief product officer at Sunrun.
A graduate of Columbia Law School, Sachdev began his career as an attorney, spending six years as an antitrust associate at Morrison & Foerster LLP and three years as special assistant attorney general for the District of Columbia. He currently serves as a board member at Lumen Energy.
Sachdev succeeds Snapdocs founder Aaron King, who will take on the role of executive chairman.
Snapdocs is focused on solving the fragmentation in the mortgage industry—making closings faster, more cost-effective, and error-free for all parties involved, the company says. This move will position the Snapdocs leadership team to take on the next stage of growth in pursuit of this vision.
“Snapdocs has matured from a startup into an industry leader that powers one-out-of-every-four real estate transactions,” King says. “Maximizing future success requires a high level of operational excellence, and Mike is the ideal leader to take the company to that next level. He is already a key leader at Snapdocs, and will bring his proven dedication to our customers, our team, and business results to the CEO role. I’m thrilled to be elevating Mike as our new CEO.”
“Joining Snapdocs and being part of a company with such resilience has been one of the most rewarding experiences of my professional career, and this is just the beginning,” Sachdev says. “Snapdocs has the right technology, people, and vision to drive the industry forward, and I look forward to continuing our work in digitally transforming the mortgage process.”