Michael Sachdev, Snapdocs’ longtime president and newly appointed CEO, has accelerated the adoption of digital closings. Under Sachdev’s leadership, Snapdocs lenders reached 80% adoption of digital closings and over 25% are completed transactions with eNotes on average. These contributions have been vital in transforming Snapdocs into the industry’s most trusted provider of eClose technology. Sachdev has emerged as a trailblazing leader and catalyst for change in the mortgage industry by driving new initiatives that enable lenders to scale digital closings — saving lenders up to $400 per loan in origination cost, empowering the next generation of leaders and improving lender-settlement coordination throughout the closing. Sachdev believes that the key to perfect closings lies in connecting the people, processes and technology that power our industry. Rooted in this belief, he has led the development of several new innovations and initiatives over the past year that enable lenders to reach scaled adoption of digital closings and partnered closely with hundreds of lender and settlement customers to drive real productivity and efficiency gains. To maximize the value of digital closings for lenders, Sachdev realizes that increasing the adoption of eNotes is critical. With the launch of Snapdocs eVault, loan originators and secondary market participants can scale eNote transactions and save an average of $290 per loan. This uniquely designed, groundbreaking solution paired with Snapdocs’ white-glove implementation and industry expertise in change management, is giving lenders the tools they need to accomplish eClose strategy success. Over 25% of Snapdocs lenders complete transactions with eNotes — a true testament to Sachdev’s visionary leadership and execution.
What’s the secret to your success?
Having a playful curiosity, paired with an unwavering discipline for diving into the details necessary in order to make smart, data-driven decisions that yield the best results. It’s important to work both the right and left side of the brain.