Inman Connect
Digital mortgage closing platform Snapdocs has raised $150 million in a series D funding round that values the company at more than $1.5 billion.
Snapdocs, which announced $60 million in series C funding just seven months ago, has raised $260 million since it was founded in 2013.
The company said its rapidly growing platform is now used by more than 130,000 mortgage professionals a day, touching nearly 20 percent of U.S. real estate transactions valued at $60 billion a month.
San Francisco-based Snapdocs credits its growth to the ability of its platform to integrate with other digital solutions for loan origination, point of sale, title production, eNote and remote online notary.