Editor’s Note: Partnership Powers eNote Acceptance
AmeriHome Correspondent, a large bank-owned correspondent mortgage investor in the United States, has partnered with Snapdocs, a digital closing provider, to support eNote adoption across its network of independent mortgage bankers, banks, and credit unions. AmeriHome selected the Snapdocs eVault to accelerate its digital journey, noting the solution’s advanced automation capabilities, dependable ease of use, and white-glove implementation and customer support as key deciding factors.
“Our collaboration with Snapdocs sets a new standard for efficiency and security in the industry, marking a significant milestone in supporting our customers’ digital closing adoption journey,” said AmeriHome’s CEO, Josh Adler. “This strategic move enhances our operations and positions us at the forefront of the eClosing and eNote wave sweeping the industry.”
AmeriHome’s acceptance of eNotes through the Snapdocs eVault addresses a critical and timely need in the industry. Currently, Snapdocs powers 1 in 6 eNote originations2 and 50% of lenders originating eNotes are AmeriHome customers3, highlighting the impact Amerihome’s eNote acceptance will have on industry-wide adoption efforts. With MERSⓇ eRegistry data showing eNote adoption at 9.2% of all new originations in 2024, and projections that adoption will reach 30% within the next three years4, AmeriHome is well-positioned to support its customers by leading this industry-wide transformation.
Lenders share excitement for AmeriHome’s transition into digital closings and eNote acceptance: “PRMI has always been committed to staying ahead of the curve when it comes to delivering a seamless, efficient mortgage experience for our customers,” said Alyssa North, SVP of Operations at PRMI. “Through our partnership with Snapdocs, we’ve achieved over 50% hybrid digital closing adoption and surpassed 35% eNote adoption—a significant milestone. The new partnership between Snapdocs and AmeriHome is an exciting development that will further boost our eNote adoption, helping us scale even faster and deliver greater value to our homebuyers and business operations.”
“Our partnership with an industry leader like AmeriHome represents a pivotal step for widespread adoption of digital closings in the origination and secondary mortgage markets,” Snapdocs CEO Michael Sachdev said. “By leveraging our Snapdocs eVault, we are improving the speed and reliability of eNote transfers for AmeriHome while equipping its network with the tools to scale eNotes seamlessly, increase operational efficiency, and improve transaction security.”
Tony Garritano is the founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 20 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting PROGRESS in Lending Association was the next step for someone like Tony, who has dedicated his entire career to providing mortgage executives with the information that they need to make informed technology decisions to help their businesses succeed.
