"Our partnership with Snapdocs reinforces Vesta's commitment to equipping lenders with a flexible, API-driven platform that streamlines every stage of the loan origination process, said Mike Yu, co-founder and CEO of Vesta. By integrating Snapdocs' digital closing infrastructure directly into Vesta, we're enabling lenders to drive greater efficiency and reduce manual processes. The integration allows lenders to initiate and manage the full closing process within Vesta, including sending and receiving documents, collecting borrower signatures, handling redraws and tracking real-time status updates."
"Closing a mortgage is a complex, fragmented process that can create risk, inefficiency, and a poor borrower experience, said Michael Sachdev, CEO of Snapdocs. By integrating Vesta with our digital closing infrastructure including advanced eClose capabilities, CD Balancing, automated Funding and Post-Close Quality Control, and an eVault we eliminate that friction. This partnership underscores our commitment to helping lenders build a modern, connected technology stack, and together with Vesta, we're setting a new standard for how closings should operate."
Vesta integrated Snapdocs' digital closing infrastructure directly into its API-driven platform to enable lenders to initiate and manage the full closing process within Vesta. The integration supports sending and receiving documents, collecting borrower signatures, handling redraws when loan terms change, and tracking real-time status updates to reduce manual steps and improve accuracy. Snapdocs contributes advanced eClose capabilities, CD Balancing, automated funding, post-close quality control, and an eVault to eliminate friction in closings. The partnership aims to help lenders build a modern, connected technology stack. Pennymac took a minority equity stake and became the first major mortgage client live on Vesta's platform.
Read at www.housingwire.com
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