DENVER – Snapdocs, a San Francisco based real estate tech company, announced today that it has selected Denver as home for its company expansion.
Snapdocs provides a digital platform for lenders, title and escrow companies and borrowers that simplifies and modernizes the real estate loan closing process. Snapdocs currently powers over 10 percent of all U.S. residential mortgage transactions and plans to expand its product to further solve the pain points of mortgage closings.
Snapdocs forecasts an aggressive ramp up of 635 new hires over the next eight years at its Denver location. The expansion will include positions in engineering, customer success, sales and operations. The company recently moved into its new office space in downtown Denver.
“We’ve nearly doubled the size of our team in the last year to support the growth of our business. When we were considering where to open up a new office, we put an emphasis on talent and culture. We chose Denver because it’s a talent hub, filled with diverse and entrepreneurial-spirited people. The culture of Denver aligns with many of our own operating principles, like empathy, innovation and pragmatism. We’re excited to be a part of the Denver community and to build a team here that’s passionate about solving the tough challenges ahead of us in the real estate space,” said Aaron King, founder and CEO of Snapdocs.
“Snapdocs represents a continuing trend of Bay Area companies that find Colorado’s accessibility, talent and office space to be the ideal fit for expansion,” said Michelle Hadwiger, director of Global Business Development at the Colorado Office of Economic Development and International Trade (OEDIT). “Snapdocs’ commitment to skills-based hiring and desire to partner with local universities align nicely with Colorado’s talent pipeline.”
“Snapdocs is exactly the type of company we strive to bring to Denver. Above and beyond the jobs they will create, they are a community-minded company and bring a true collaborative and innovative spirit to the city,” said Eric Hiraga, Executive Director, Denver Economic Development & Opportunity. “As we work with our partners at the state and in the region, we look to recruit companies like Snapdocs, whose brands and values align with our vision of inclusiveness, sustainability and social responsibility.”
OEDIT partnered with the Metro Denver Economic Development Corporation (MDEDC) and Denver Economic Development & Opportunity (DEDO) to secure Snapdocs’ Denver selection. OEDIT and DEDO each allocated $150,000 awards to the company to support their entry into the Denver market.
Metro Denver EDC responded to a confidential request for proposal in June and partnered with OEDIT to welcome Snapdocs on their first community visit in July 2019. During the company’s visit to the Metro Denver region, Snapdocs engaged with employers like Strava and Choozle on their experience scaling high-growth companies in Colorado. The visit also included real estate and neighborhood tours throughout the Metro Denver area to identify housing and commuting opportunities for future employees.
About Colorado Office of Economic Development and International Trade
The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Colorado Office of Film, TV & Media; the Minority Business Office; and the Colorado Innovation Network. Learn more at www.choosecolorado.com.
Founded in 2013, Snapdocs is the industry’s leading digital closing platform. With its patented AI technology, Snapdocs is on a mission to perfect mortgage closings and transform a $2 trillion pillar of the U.S. economy. Powering over 750,000 closings a year, Snapdocs is leading the charge to modernize, streamline, and improve the mortgage process for lenders, borrowers, and settlement. Snapdocs is the only solution with a proven track record of creating a single, scalable process for every closing, whether wet, hybrid, or digital. Every day, over 50,000 mortgage professionals rely on Snapdocs’ technology to automate manual work and digitize paper processes that plague the industry. Snapdocs is a rapidly growing San Francisco based real estate technology company backed by prestigious Silicon Valley blue-chip venture capital funds, like Y Combinator, SV Angel, Sequoia Capital, and F-Prime Capital. To learn more, go to https://www.snapdocs.com.