Snapdocs Achieves MISMO Certification for E-closing System Providers
January 25, 2022
Snapdocs’ e-closing offering has been certified as compliant with the MISMO eClosing System Certification Requirements. Snapdocs is the first e-closing provider to achieve this certification from MISMO.
MISMO is the standards development body for the mortgage industry. MISMO standards are accepted and deployed by every type of entity involved in creating mortgages, and they are required by most regulators, housing agencies and the GSEs that participate in the industry.
The MISMO eClosing System Certification provides lenders, investors, settlement agents and consumers assurance that Snapdocs’ platform, policies and procedures have met or exceeded a broad array of rigorous industry requirements such as:
- Verification of the signer’s identity
- Presentation of electronic records for eSignature
- Application of e-signatures to electronic records
- Application of tamper-evident seals on electronic records
- Content and integrity of e-closing transaction audit trails
“Snapdocs is committed to exceeding industry standards for digital closings, and we’re thrilled to demonstrate this commitment to industry through the MISMO eClosing System Certification,” said Camelia Martin, vice president of industry and regulatory affairs at Snapdocs. “MISMO standards and certification programs are critical to instilling trust and confidence in digital mortgage transactions.”
MISMO launched its eMortgage Technology Certification Program to assist in the identification of technology providers that comply with industry standards. The program also certifies providers of remote online notarization (RON) solutions, a certification that Snapdocs has also achieved and maintains.
Contact ALTA at 202-296-3671 or communications@alta.org.