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eClosing by Snapdocs

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Last updated on

Company health

Employee growth
3% increase in the last year
Web traffic
16% decrease in the last quarter
Financing
December 2020 - $253M

Ratings

G2
4.5/5
(24)
Glassdoor
3.6/5
(144)

eClosing by Snapdocs description

eClosing by Snapdocs is a digital closing platform designed for the mortgage industry. It offers a suite of tools to streamline and automate the closing process, including document management, collaboration features, and a network of settlement agents. eClosing aims to increase efficiency, reduce costs, and improve borrower satisfaction for lenders of all sizes by simplifying and modernizing traditional mortgage closings.


Who is eClosing by Snapdocs best for

eClosing by Snapdocs streamlines mortgage closings with an easy-to-use interface, praised for its efficiency and automation. Users appreciate the fast closing process and excellent customer support. However, some notaries have reported payment issues, and some users dislike recent interface changes. It's ideal for lenders of all sizes seeking to modernize their closing process.

  • Ideal for businesses of all sizes, from small startups to large enterprises.

  • Best suited for mortgage lenders, real estate companies, and legal firms.


eClosing by Snapdocs reviews

We've summarised 24 eClosing by Snapdocs reviews (eClosing by Snapdocs G2 reviews) and summarised the main points below.

Pros of eClosing by Snapdocs
  • Easy-to-use and intuitive interface praised for its user-friendliness.
  • Fast and efficient closing process with reduced closing times.
  • Excellent customer support and onboarding experience highlighted.
  • Streamlined document management and collaboration features are appreciated.
  • Automation and AI learning capabilities for documents are highly valued.
Cons of eClosing by Snapdocs
  • Notaries complain about payment and profile update issues.
  • Some users dislike the recent interface changes and removal of free features.
  • Limited investor acceptance of eNotes prevents full utilization of eClosing features.
  • Some lenders require workarounds due to differing closing processes.
  • Lack of direct LOS integration necessitates using Collaboration Center as intermediary.

eClosing by Snapdocs alternatives

  • Logo of SimplyAgree
    SimplyAgree
    Effortless legal closings: simplified signing, binders, and exhibits.
    Read more
  • Logo of Snapdocs
    Snapdocs
    Simplifies mortgage closings with automation and a large partner network.
    Read more
  • Logo of SIGNiX
    SIGNiX
    Secure, verifiable e-signatures, stored in the document itself.
    Read more
  • Logo of Qualia
    Qualia
    Streamlines real estate closings, connecting everyone for a smooth experience.
    Read more
  • Logo of eSignSystems
    eSignSystems
    Streamlines mortgage eSignatures, closings, and compliance.
    Read more
  • Logo of Maxwell
    Maxwell
    Modern mortgage platform simplifying lending from origination to close.
    Read more

eClosing by Snapdocs FAQ

  • What is eClosing by Snapdocs and what does eClosing by Snapdocs do?

    eClosing by Snapdocs is a digital closing platform for the mortgage industry. It streamlines and automates the closing process with tools for document management, collaboration, and access to a network of settlement agents. This improves efficiency, reduces costs, and enhances borrower satisfaction.

  • How does eClosing by Snapdocs integrate with other tools?

    eClosing by Snapdocs integrates with a network of settlement agents and offers a collaboration center. However, it lacks direct LOS integration, requiring workarounds for some lenders and the use of Collaboration Center as an intermediary. Some users also report limited investor acceptance of eNotes.

  • What the main competitors of eClosing by Snapdocs?

    Top alternatives to eClosing by Snapdocs include SimplyAgree, SIGNiX, Qualia, eSignSystems, and Maxwell. These platforms offer similar functionalities, such as digital closing tools, e-signatures, and streamlined workflows for mortgage and real estate transactions.

  • Is eClosing by Snapdocs legit?

    Yes, eClosing by Snapdocs is a legitimate digital closing platform widely used in the mortgage industry. It's known for its ease of use, efficient closing process, and excellent customer support. However, some users have noted notary payment issues and limitations with eNote acceptance.

  • How much does eClosing by Snapdocs cost?

    I cannot find pricing details for eClosing by Snapdocs. Contact Snapdocs directly to get current pricing information and determine if the product is a worthwhile investment for your needs.

  • Is eClosing by Snapdocs customer service good?

    Snapdocs receives mixed reviews regarding customer service. While many users praise the excellent support and onboarding, some notaries report payment issues and a lack of communication. Overall, the experience seems positive for lenders, but notaries may face challenges.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.