Digital closings are an excellent way for mortgage lenders to become more competitive and efficient, but many lenders are holding off on adoption due to confusion and misinformation about the process. This white paper challenges five common lender misconceptions about digital closings and highlights the ways in which lenders can successfully adopt digital closings with Snapdocs’ digital closing platform.
Publisher: Snapdocs
Date: December 2019
Traditional lending standards no longer fit a growing segment of borrowers in the modern mortgage market. These individuals may be self-employed, gig-style workers, real estate investors, or Gen Z freelancers. Non-qualified mortgage (non-QM) loan options, such as those offered by Deephaven Mortgage, fill the gap with flexible underwriting methods, a debt service coverage ratio (DSCR), […]
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