Glossary

Terminology	Description
Closing	Relating to a digital closing transaction
Credential	Security credential to access Snapdocs API
Document	A collection of pages within a package with consecutive page numbers and the same document type. Attachments are files in an order.
Document type	A designation as to whether a given document class is typically uploaded by lenders (title) or settlement agents (settlement)
eNote	An electronic version of the promissory note
LOS	Loan Origination System. This system can support many origination processes, including lead management, document intake and processing, credit analysis, pricing, and more.
Package	The entire esigning to be signed by the consumer(s)
POS	Point of Sale. Interface that consumers interact with when applying for a loan. The consumer can securely enter in information that’s needed for their loan application and track the progress of their application. Consumers may also be able to upload any necessary documentation, verify data, pre-qualify, and receive pricing information.
Settlement agent	Closing agent or escrow agent. The party who helps complete a transaction between a buyer and seller. This is done through the transfer of securities to the buyer and the transfer of cash or other compensation to the seller. (See definition for escrow)
TPS	Title Production Software
Scanbacks	This is a term used to represent signed documents that have been scanned and uploaded to Snapdocs by the notary. Also referred to (albeit outdatedly) as faxbacks, scanbacks are specifically for the company to review for errors before the physical package is returned. In Snapdocs, companies can note on an order whether scanbacks are required. We also offer specific tools for managing scanbacks such as Post Closing tools and QC.