New American Funding (NAF) chose Snapdocs as its digital closings provider to offer a streamlined experience for borrowers and loan officers. This is one of NAF’s moves to “fully embrace” digitization of its mortgage process.
According to a release about the partnership, NAF chose Snapdocs because of its reliability, expertise in digital transformation, and capability to provide a fully transparent process for all parties involved in mortgage closings. NAF stated it was confident that the relationship will improve margins and establish a competitive advantage when it comes to hiring and retaining talented loan officers.
“We are dedicated to meeting the needs of the next generation of homebuyers,” NAF Chief Operating Officer Kevin English said in a release. “Our mission is to become one of the largest lenders in the industry within the next three years, and a top producer of remote online notarization closings. We firmly believe that Snapdocs is the optimal partner to help us accomplish these goals. The Snapdocs platform enables a more efficient closing process, provides better service to our valued customers, and positions us for future growth.”
Snapdocs will provide NAF its proprietary artificial intelligence (AI)-powered technology to reduce manual tasks, eliminate errors, and provide a seamless and automated borrower experience. NAF stated it will continue to incorporate additional functionalities offered by Snapdocs.
“Snapdocs is proud to advance the digitization of the mortgage market through our partnership with NAF, an industry-leading innovator,” Snapdocs CEO Michael Sachdev said. “We are committed to delivering hands-on support and guidance to ensure NAF effectively achieves eClosing adoption across its portfolio.”
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