2017 HW Tech100 Winner: Scrypt
Cloud-based platform increases loan process speed
LENDING, SERVICING, REAL ESTATE
This company is the provider of XDOC, a cloud-based electronic document management system for mortgage lending that helps to speed up the loan process by supporting the full lifecycle of a mortgage. XDOC is designed for high performance, scalability, and full function integration with third-party applications. Lenders using XDOC shave days off of underwriting and increase the number of loans processed by an average of 28%. The demand for the product increased significantly recently, boasting XDOC sales increases of more than 50% over the past five years.