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Fairway Mortgage is Making Advances in Technology and Reimagining the Future of Closing

November 19, 2023
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Fairway Mortgage is Making Advances in Technology and Reimagining the Future of Closing

MADISON, WI., November 19, 2023 Fairway, a Wisconsin based organization since 1996 has been a member of Mortgage Electronic Registration Systems, Inc. (MERS) since 2005, and has been transacting in the MERS® eRegistry since 2017. Fairway has facilitated more than 100,000 eNotes as part of its digital journey leading the industry to the future of eMortgage and significantly contributing to the MERS eRegitstry’s recent milestone of 2 million eNotes registered since inception.

In recent months, Fairway has partnered with Snapdocs, a leading real estate technology company to migrate its digital closing solution as well as its eVault technology to one solution. Lenders using the Snapdocs platform report a two to three times higher adoption than lenders using other eClosing platforms.

“Leading lenders like Fairway understand that the future of mortgage is a digital-first experience that benefits all parties – borrowers, lenders, title companies, and secondary market participants” said Michael Sachdev, CEO, Snapdocs. “We are thrilled to be the digital closing and eVault partner of choice for Fairway and look forward to a long-standing, successful partnership that enables the business to scale eNote adoption and offer a referral-worthy borrower experience.”

The migration of Fairway’s eNote transactions was the largest migration of eNotes the mortgage industry has seen, and Fairway is grateful for the partnership with MERS and Snapdocs that made it possible.

Fairway believes that scale of digital mortgage is about both technology and change management, building the trust of its branch network and partners has been key to success. Trust is critical every day on each transaction, to successfully scale. To date almost 80% of Fairway’s eligible closings include one or more digital components; enabling transactions that are fast, easy, convenient, transparent, and reliable. Together with Snapdocs, Fairway believes it gains a partner that will work alongside them to truly understand not only the settlement aspect of the business, but also a solution to match its daily commitment to their branches and customers.

“The speed with which a client can move through their mortgage document signing is amazing” says Carrie Reznick, VP Business Development and Branch Manager, Fairway. “In less than five minutes most closing documents are electronically signed. eClose has significantly reduced the time at the closing table for our clients, their attorneys, the REALTORS®, and the title closers and that’s a benefit to everyone!”

Fairway remains dedicated to solutions that give customers the choice on when, where, and how they close. These advancements help shape the industry at large.

About Fairway
Fairway Independent Mortgage Corporation (NMLS #2289) is a full-service mortgage lender with a wide array of innovative products that can help make homeownership more affordable with the speed and service their clients deserve. Fairway is dedicated to finding great mortgage options and providing some of the fastest turn times for its buyers. We strive to exceed expectations, guarantee satisfaction, and earn trust. For more information, please visit

About Snapdocs
Snapdocs is the mortgage industry’s leading digital closing provider. Powering millions of closings each year, Snapdocs combines an open platform, patented AI technology, the largest settlement network, and a team of industry experts to ensure digital closing success. Our proven approach enables market-leading lenders and title companies to automate the closing process and turn it into a competitive advantage. Using Snapdocs, lenders and title companies close more loans at lower costs while delivering the modern, referral-worthy digital experience borrowers expect. For more information, please visit

About ICE Mortgage Technology
ICE Mortgage Technology® is part of ICE (NYSE: ICE), a global data, technology and market infrastructure company that designs, builds and operates digital networks to connect people to opportunity. Backed by ICE’s global resources, we offer a truly differentiated digital platform that provides straight-through processing for a more comprehensive end-to-end workflow than any other provider in the market. We reach almost every mortgage in the U.S. by combining the native automation of Encompass® with the e-collaboration and e-recording capabilities of Simplifile®, along with the national electronic registry for nearly 90% of the U.S. mortgage market in MERS®. Ultimately, our technology enables people across the industry to focus on personal connections when they need it most, and support borrowers for a better journey of homeownership. Visit to learn more.

About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023.