Mortgage 1 Debuts Fast, Convenient COVID-Safe App to Speed Mortgage Closings

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Michigan-based mortgage lender Mortgage 1 introduces a mortgage eClosing app called Fast Pass that reduces the amount of time and effort to complete a mortgage closing.

Michigan-based mortgage lender Mortgage 1 ( has launched a new application, called Fast Pass, that enables home buyers to electronically sign (eSign) mortgage closing documents to speed up the closing process and help ensure safety during this era of Covid.

Traditionally, mortgage closings consist of home buyers, sellers, settlement agents and notaries meeting in person to review and sign the dozens of documents needed to finalize a home sale. For years, closing documents have been paper-based forms that require all parties to meet in a conference room and physically sign (what they call "wet sign" in the industry).

With the new Pro SNAP app, borrowers electronically sign the bulk of the settlement documents beforehand in the Fast Pass system, then meet to wet sign just the few remaining documents that require in-person notarization.

With Fast Pass, closing appointments that once took hours can now be completed in minutes. Fast Pass also helps adhere to social distancing guidelines.

“Fast Pass enables Mortgage 1 to offer unbeatable safety and convenience by keeping physical closing appointments to a minimum and making loan closings available in the same branded app our customers use to search for a home, fill out a loan application, upload documents and sign disclosures,” said Mark Workens, CEO of Mortgage 1. "With Fast Pass, we are closing loans faster and knocking the socks off of customers.”

Mortgage 1 customers Mark and Marge Molloy took part in a pilot program using Fast Pass. They were impressed.

"I have done several refinances and new mortgages with Mortgage 1," said Mark Molloy. "The worst part of the process was closing. With Fast Pass, it was beyond easy. We were done in minutes. It is a great system. I recommend it for everyone."

Fast Pass is compatible with Mortgage 1's Pro SNAP digital mortgage application. Pro SNAP lets borrowers calculate payments, securely scan and upload documents from their phone, monitor their progress, message their loan officer, and more.

“Borrowers want a hassle-free way to close a home loan that works in or out of quarantine, and lenders want to keep costs in check by closing loans as quickly as possible,” said Workens. "Fast Pass and Pro SNAP work together to make that happen."

eClosing systems like Fast Pass offer more than just convenience. They help make borrowers smarter. A 2015 study by Consumer Financial Protection Bureau concluded that borrowers in e-closings understood the closing process better. They got their disclosure documents earlier, giving them more time to review the paperwork. EClosings took less time, too.

Lenders also benefit from eClosings like Fast Pass. With eClosings, the electronic documents include tracking mechanisms to ensure the delivery, receipt and acknowledgment of documents.

Borrowers or lenders interested in Fast Pass should contact Mortgage 1 at 1-866-532-0550 or use our Find a Loan Officer feature at

About Mortgage 1
From a single office in 1994 to over $14 billion in sales, Mortgage 1 has grown to become Michigan's fourth-leading lender, with offices in six states. We have helped tens of thousands of families own their dream home. We specialize in helping first-time buyers and have been the leading MSHDA’s lender since 2013. For information, call 1-866-532-0550 or visit

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