Snapdocs is a digital loan closing platform for lenders and title and escrow companies.
Snapdocs provides mortgage lenders and title companies with tools for booking vetted notaries to oversee remote mortgage loan closings and for collaboration with other mortgage professionals and home buyers during the loan closing process.
Snapdocs was founded in 2012 by Aaron King. The company is headquartered in San Francisco, California.
Snapdocs powers homeownership. Using technology, the company is building the connective tissue for an entire pillar of the U.S. economy: residential real estate.
Snapdocs’ offerings focus on remote mortgage closings – loans consummated away from a title company or bank with the help of a notary. The company built and curates a database of over 60,000 notaries, who are rated and ranked according to user reviews and credentials.
Snapdocs' collaboration platform connects all parties along the mortgage chain and allows the transfer of loan documents and closing details. The company also automates mortgage vendor compensation for lenders, title and escrow companies. Snapdocs facilitates over 40,000 out-of-office mortgage loan closings per month.
Snapdocs is backed by Sequoia Capital, Y Combinator, F-Prime Capital, Founders Fund, Freestyle Capital, Accelerator Ventures and others. The company raised $25M from a "Series B" financing on Nov 07, 2019. This new round brings Snapdocs' total funding to $43M to date.