SAN FRANCISCO–(BUSINESS WIRE)–Snapdocs, a leading digital closing platform for the mortgage industry, announced today that its eClosing offering has been certified as compliant with the MISMO® eClosing System Certification Requirements. Snapdocs is the first – and at present, the only – eClosing provider to achieve this certification from MISMO.
MISMO is the standards development body for the mortgage industry. MISMO standards are accepted and deployed by every type of entity involved in creating mortgages, and they are required by most regulators, housing agencies and the GSEs that participate in the industry.
The MISMO eClosing System Certification provides lenders, investors, settlement agents, and consumers assurance that Snapdocs’ platform, policies, and procedures have met or exceeded a broad array of rigorous industry requirements such as:
- Verification of the signer’s identity
- Presentation of electronic records for eSignature
- Application of eSignatures to electronic records
- Application of tamper-evident seals on electronic records
- Content and integrity of eClosing transaction audit trails
“Snapdocs is committed to exceeding industry standards for digital closings, and we’re thrilled to demonstrate this commitment to industry through the MISMO eClosing System Certification,” said Camelia Martin, VP of Industry & Regulatory Affairs at Snapdocs. “MISMO standards and certification programs are critical to instilling trust and confidence in digital mortgage transactions.”
MISMO launched its eMortgage Technology Certification Program to assist in the identification of technology providers that comply with industry standards. The program also certifies providers of Remote Online Notarization (RON) solutions, a certification that Snapdocs has also achieved and maintains.
Founded in 2013, Snapdocs is the mortgage industry’s leading digital closing platform. With its patented AI technology and connected platform, Snapdocs is on a mission to perfect mortgage closings for all. Powering millions of closings a year, Snapdocs is leading the charge to modernize, streamline, and improve the mortgage process for lenders, borrowers, and settlement. Snapdocs is the only solution with a proven track record of creating a single, scalable process for every closing. Every day, over 130,000 mortgage professionals rely on Snapdocs to automate manual work and digitize paper processes that plague the industry. Snapdocs is a rapidly growing San Francisco based real estate technology company backed by leading investors including Sequoia, Y Combinator, Tiger Global, F-Prime, Zigg Capital, Alkeon, Wellington Management, Greenpoint Partners, Maverick, Founders Fund, SV Angel, Gokul Rajaram, Lachy Groom, Jack and Sam Altman and Coyne Lloyd. To learn more, please visit snapdocs.com.