Snapdocs announced an initiative with BNY, a global financial services platforms company, to deliver automated, end-to-end digital mortgage collateral infrastructure. “The joint initiative addresses one of the mortgage industry’s most persistent operational gaps: collateral delivery that still relies on numerous manual handoffs between settlement, lenders, warehouse banks, and custodians, causing multi-day delays that can slow secondary market execution and erode per-loan profitability,” the company said.
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