Snapdocs and BNY are partnering to launch an automated, end-to-end digital mortgage collateral and eCustody solution, the companies announced Thursday. The technology aims to eliminate manual handoffs and create faster execution in the secondary market.

The initiative targets digitization of one of the mortgage industry’s most stubborn bottlenecks: collateral delivery from closing through warehousing and into custody. This process often relies on paper files, scanning and email-based workflows between lenders, settlement agents, warehouse banks and custodians.

By combining BNY’s document custody and structured finance capabilities with Snapdocs’ digital closing platform, eVault and document intelligence tools, the firms say they will details ⇒

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