About Snapdocs
Snapdocs operates in the real estate sector, focusing on digital mortgage closings. The platform enables lenders, title companies, and notaries to manage and complete mortgage closings online, replacing the traditional paper-heavy process with a faster, more efficient, and secure digital solution. Snapdocs integrates with existing systems, particularly benefiting lenders using Ellie Mae, a leading mortgage software provider, to facilitate seamless digital closings. The company follows a Software as a Service (SaaS) model, charging clients a subscription fee based on service level and transaction volume. As the demand for online real estate transactions grows, Snapdocs aims to simplify the closing process for all parties involved.
San Francisco, CaliforniaHeadquarters
2012Year Founded
$246.1MTotal Funding
SERIES_DCompany Stage
Enterprise Software, Real EstateIndustries
201-500Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
401(k) Company Match
Parental Leave
Unlimited Paid Time Off
Life Insurance
Disability Insurance
Risks
Emerging digital closing platforms may increase competition for Snapdocs.
Technological advancements require Snapdocs to update its platform, raising operational costs.
Cybersecurity threats could expose Snapdocs to data breaches, affecting customer trust.
Differentiation
Snapdocs offers a patented AI technology for seamless mortgage closing processes.
The platform integrates with Ellie Mae, enhancing digital closings for lenders.
Snapdocs provides a comprehensive eClosing solution, reducing loan processing time by 18 days.
Upsides
Snapdocs' partnership with SitusAMC enhances eNote management for warehouse lenders.
The collaboration with Zions Bancorp highlights Snapdocs' role in digital transformation.
Snapdocs' eClosing platform integration with LenderLogix offers a seamless digital experience.
Funding
Total raised$246.10 M
Latest valuation$1.50 B
StageSERIES_D
SERIES D
4/30/2021$150
$1.50 BSERIES C
9/30/2020$60
$300.00 MSERIES B
10/31/2019$25
$200.00 MSERIES A
10/31/2017$15
$75.00 M$3
$15.00 M