Snapdocs Builds Integration with Finastra to Enable a Seamless Closing Process for Trustmark
May 02 2023 - 11:00AM
Business Wire
Trustmark can now easily facilitate digital
closings powered by Snapdocs without ever leaving Finastra’s
MortgagebotLOS
Snapdocs, the mortgage industry’s leading digital closing
platform, today announced a new integration with Finastra’s
Mortgagebot loan origination system (LOS) to support Trustmark’s
eClose transformation. The integration allows Trustmark’s lenders
nationwide to execute closings in one centralized workflow – using
Snapdocs’ digital closing platform within the MortgagebotLOS
platform – to drive faster closing times, reduce operating costs,
and enhance the borrower experience. This partnership is the latest
of five different integrations built by Snapdocs in just 12 months
to give lenders the ability to connect their technology portfolio
and further streamline the shift to digital closings.
“The transition to digitized processes is the most successful
when the technologies in a lender’s existing stack work
harmoniously together,” said Camelia Martin, Vice President,
eMortgage Strategy & Industry Affairs. “Our continued effort to
expand our partner network and accompanying integrations with
leading providers like Finastra is essential in creating more value
for the entire mortgage ecosystem.”
Trustmark National Bank, a wholly-owned subsidiary of Trustmark
Corporation (NASDAQGS:TRMK), is already using the integration to
automate the closing process across their technology ecosystem and
deliver upleveled customer experiences.
“Our mission since our founding in 1889 has been to achieve
outstanding customer satisfaction. The integration between Snapdocs
and MortgagebotLOS will build on the strong foundation we’ve built
to move to digital mortgages by simplifying the eClosing process
for all parties involved, and making it significantly easier for
our borrowers to quickly review and sign closing packages the way
they prefer,” said Robert Parker, Senior Vice President, Mortgage
Services, Trustmark.
With the new integration, Trustmark lenders can easily
facilitate digital closings powered by Snapdocs and finalize
transactions without leaving MortgagebotLOS. Lenders can order
required closing documents and data within MortgagebotLOS and
securely transmit them to Snapdocs to initiate the closing process.
The completed documents are then encrypted and returned to
MortgagebotLOS for secure storage. The result is a more efficient
and transparent experience for all parties involved in the
closing.
“Our partnership with Snapdocs further validates our work to
create a solution that’s open to innovation, and empowers our joint
customers to adopt the technology and tools they need to grow in
any type of market,” said Mary Kay Theriault, Director of Product
Management at Finastra. “We’ve long admired Snapdocs’ work to
redefine the mortgage experience and streamline what has
traditionally been a very manual and labor-intensive process. This
integration will only accelerate the move to digital mortgage
closings and create a more efficient, secure, and transparent
process for all participants.”
For more information and Finastra customers interested in the
integration, please visit: www.snapdocs.com/mortgagebot.
About Snapdocs
Snapdocs is the mortgage industry's leading digital closing
platform. Powering millions of closings each year, Snapdocs
combines an open platform, patented AI technology, an extensive
settlement network, and a team of industry experts to ensure
digital closing success. Our proven approach enables market-leading
lenders and title companies to automate the closing process and
turn it into a competitive advantage. Using Snapdocs, lenders and
title companies close more loans at lower costs while delivering
the modern, referral-worthy digital experience borrowers expect.
For more information, please visit www.snapdocs.com.
About Finastra
Finastra is a global provider of financial software applications
and marketplaces, and launched the leading open platform for
innovation, FusionFabric.cloud, in 2017. It serves institutions of
all sizes, providing award-winning solutions and services across
Lending, Payments, Treasury & Capital Markets and Universal
Banking (Retail, Digital and Commercial Banking) for banks to
support direct banking relationships and grow through indirect
channels, such as embedded finance and Banking as a Service. Its
pioneering approach and commitment to open finance and
collaboration is why it is trusted by ~8,600 institutions,
including 90 of the world’s top 100 banks. For more information,
visit finastra.com.
About Trustmark Corporation
Trustmark Corporation is a diversified financial services
company headquartered in Jackson, Mississippi, with locations in
Alabama, Florida, Georgia, Mississippi, Tennessee and Texas. Visit
www.trustmark.com for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20230502005497/en/
Snapdocs Laura Mighdoll press@snapdocs.com
Finastra James McKenna james.mckenna@finastra.com
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