Mortgage closing technology company Snapdocs has released a new suite of tools tailored to meet the needs of settlement and title companies.
Snapdocs Enterprise was designed to reduce back-office tasks related to the mortgage process and out-of-office closings in particular. The platform also integrates compliance and vendor oversight features, the company said Wednesday.
Snapdoc's customers who upgrade to the new platform will have access to Snapdocs Verified, a multistep verification service that scrutinizes credentials uploaded by notary signing agents.
The platform also includes the Automation Suite, a tool that handles tasks such as finding a notary or sending out loan documents, and the Vendor Pay service, a tool that enables payments to notary vendors to be issued through the Automated Clearing House.
"Snapdocs Enterprise also paves the way for companies wanting oversight of closing operations across multiple offices," the company said in a news release. "By driving identical workflows across a shared database of notaries, enterprise companies closing a high volume of loans have a centralized system for pulling audit reports and driving compliance."
