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Snapdocs Study Finds 90% of Lenders Offer Digital Closings, Yet Only 14% Achieve High Adoption

  • 90% of mortgage lenders now offer digital closings, according to a study by Snapdocs.
  • Only 14% of lenders with eClosing technology close more than 80% of their loans digitally.
  • The top benefits of eClosing technology include improved borrower satisfaction, greater staff efficiency, and fewer errors on closing documents.
  • Barriers to adoption include high technology costs, lack of stakeholder usage, and technology issues.

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