Dream Home Lending + SnapDocs

We are excited to announce yet another advancement in our company’s technology that will allow hybrid electronic loan closings! SnapDocs leads our industry in making closings easier for our homebuyers.

15-minute loan closings? It is happening! Gone are the days of giant stacks of papers to sign with the attorney! Buyers can expect to sign as much as 90% of their closing documents electronically with a simpler and smoother signing process.

Other benefits to borrowers include: 

• eSign the disclosure portion of the Closing Package in advance of their signing appointment
• Borrowers can sign majority of the documents at a time that’s convenient for them
• Borrowers can view their documents in advance of signing
• This will speed up the funding process allowing borrowers to get their keys and/or funds quicker

What is an eHybrid Closing?

An eHybrid Closing is when a Borrower(s) sign a portion of the Closing Package electronically. These documents include all the disclosures included in the Closing Package that are usual and customary that tend to make up about 85-90% of the documents that are signed. Instead of signing them with pen and ink, the Borrower(s) will be signing them thru the SnapDocs portal by way of DocuSign. This will leave only a small portion of the Closing Package left to be executed in the presence of a notary. Things such as the Note, Mortgage, Deed of Trust, Riders, and a few other items are the documents that require supervision of the notary and will be wet signed during the eHybrid Process.

Dream Home Lending is excited to show you how this will make life easier on your borrower!