Snapdocs’ Camelia Martin on the state of the closing market
Today, HousingWire Daily is joined by Snapdocs‘ Camelia Martin for the Women of Influence podcast miniseries to talk about the latest changes in digital closings. As Head of Industry and Regulatory Affairs at Snapdocs, Martin keeps a close eye on the rapidly changing digital landscape in the mortgage market, especially as it relates to the shifting federal landscape.
When she was named one of our 2020 Women of Influence, Martin worked at Falcon Capital Advisors, where she served as managing director of Digital Mortgage Advisory. Throughout her career, Martin has led industry-wide digital mortgage initiatives that have directly supported eNote acceptance programs for key participants such as Ginnie Mae and the Federal Home Loan Banks.
Martin is a former MERSCORP executive and she played a pivotal role in the implementation and adaptation of digital mortgages at MERSCORP.
During the podcast, Martin talks about her latest role at Snapdocs and also discusses the current state of the closing industry.
Here is a small preview of the interview, which has been lightly edited for length and clarity:
Brena Nath: What would you want to share about where the closing market is today, especially knowing how much change came about in 2020?
Camelia Martin: We’ve seen a tremendous amount of progress with digital closings. I think it’s no secret that some of that was fueled by the pandemic. I personally feel like I’ve been on this crazy, long journey, right along with the industry, just with different segments of it at different times. First, I’m curious to see how the shift from refi to purchase will affect some of these dynamics. I think, you know, there’s always been this emphasis on borrower experience. And no question, every survey that’s put out says, everybody wants a more digital option, if they have that choice when they’re doing business. But when we look at the past year or so, there was just a ton of emphasis on making sure that the closing can still happen.
HousingWire’s Women of Influence podcast miniseries spotlights the significant contributions of women who are driving the U.S. housing economy forward, interviewing our honorees over the years on the impact they’re making today. Hosted by Brena Nath and produced by Alcynna Lloyd.
Below is the transcription of the interview. These transcriptions, powered by Speechpad, have been lightly edited and may contain small errors from reproduction: