How Digital Collateral is Transforming Capital Markets | Michael Sachdev, CEO of Snapdocs
Closing isn't just a moment at the end of a loan—it’s the highest leverage integration point in the entire mortgage lifecycle. In this episode of Connect, Paul Gigliotti, CEO of the California MBA, sits down with Michael Sachdev, CEO of Snapdocs, to discuss why the industry must stop treating closing like a simple "feature" and start seeing it as a critical end-to-end value chain. Michael shares how Snapdocs is helping lenders bridge the "capability gap" by automating tedious back-office tasks, reducing errors, and shortening cycle times from an industry average of 70 days down to just 52 days. From AI-driven CD balancing to the convergence of closing and capital markets, learn how digital collateral is becoming the ultimate competitive advantage for modern lenders. Key Topics Discussed: • Closing as a Value Chain: Why the quality of your closing determines the quality of the collateral you sell. • The ROI of Digital: How automating the closing process can strip nearly $1,000 in costs out of every loan. • Beyond eSign & Hybrid: Exploring features like e-notes, e-vaults, and automated funding QC. • The Consumer Experience: Why shortening the cycle time by 18 days leads to a significant lift in NPS. • The 2026 Outlook: What lenders need to do now to prepare for a fully automated future. About the California MBA: The California MBA is the leading advocate for the mortgage industry in California, dedicated to promoting fair and ethical lending practices through advocacy, education, and innovation. Connect with us: Website: https://www.cmba.com https://www.linkedin.com/company/california-mba/