Case Study: Preferred Rate eliminates manual file reviews with Snapdocs Funding QC

Preferred Rate saves 10+ minutes per review with Snapdocs Funding QC

Preferred Rate, a division of American Pacific Mortgage Corporation, was facing a challenge with its time-consuming and error-prone manual process for reviewing closing documents. To improve efficiency and accuracy for both borrowers and settlement agents, the company turned to its existing partner, Snapdocs, adopting their AI-powered Funding Quality Control (QC) service.

The solution from Snapdocs automated the file review process, completing it in under two minutes with over 99.5% accuracy. This resulted in a reduction of over 10 minutes in review time per package and allowed 60% of closings to proceed with no manual review at all. The implementation of Snapdocs Funding QC enabled Preferred Rate to scale its operations without increasing headcount, leading to a smoother experience for all parties and contributing to business growth through positive referrals.

Preferred Rate