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November 2023 » thefivestar.com 19 November 2023 M O V E R S & S H A K E R S he served as Partner in the company's mortgage advisory practice. "Since investing in QC Ally last year, we have been entirely focused on en- hancing the company's offerings through continued investment in innovation and strategic M&A," said Adam Doctoroff, Partner at Narrow Gauge Capital. "We welcome Jeff to our management team and believe that his industry contacts and knowledge make him perfectly suit- ed to spearhead those efforts." SNAPDOCS PROMOTES MI- CHAEL SACHDEV TO CEO Snapdocs has announced the promotion of Michael Sachdev from President to CEO, as Sachdev succeeds Snapdocs Founder Aaron King, who will take on the role of Executive Chairman. Snapdocs focuses on solving fragmen- tation in the mortgage industry—making closings faster, more cost-effective, and error-free for all parties involved. As CEO, Sachdev will oversee all company operations and business strategy, with input and oversight from the compa- ny's board. As Executive Chairman, King will continue to play a full-time, critical role at Snapdocs, advising the company's product strategy and connecting with customers and the market. "Snapdocs has matured from a startup into an industry leader that powers one-out-of-every-four real estate trans- actions," King said. "Maximizing future success requires a high level of operational excellence, and Mike is the ideal leader to take the company to that next level. He is already a key leader at Snapdocs, and will bring his proven dedication to our customers, our team, and business results to the CEO role. I'm thrilled to be elevating Mike as our new CEO." Sachdev joined Snapdocs in 2021 as President to lead the company's operat- ing teams and has brought incredible performance since starting, positioning the company for future growth. Prior to Snapdocs, he served as Chief Product Of- ficer at Sunrun. A graduate of Columbia Law School, Sachdev began his career as an Attorney, spending six years as an An- titrust Associate at Morrison & Foerster LLP and three years as Special Assistant Attorney General for the District of Columbia. He currently serves as a Board Member at Lumen Energy. "Joining Snapdocs and being part of a company with such resilience has been one of the most rewarding experiences of my professional career, and this is just the beginning," Sachdev said. "Snapdocs has the right technology, people, and vision to drive the industry forward, and I look forward to continuing our work in digitally transforming the mortgage process." The company recently launched Connected Closings, an integration be- tween the Snapdocs Digital Closing and Notary Scheduling platforms. With Con- nected Closings, Snapdocs customers re- duce closing times by at least a day-and- a-half, settlement companies return scan backs two-times faster by eliminating manual tasks, and borrowers electroni- cally sign documents prior to the closing appointment more than 90% of the time. Current Snapdocs lender and settlement customers using Connected Closings include The Federal Savings Bank and BCHH, a leading provider of real estate title and closing nationwide. MORTGAGE MACHINE SER- VICES NAMES DAN MCGREW TO LEAD SALES STRATEGY Mortgage Machine Services, a provider of digital origination technology to residential mortgage lenders, has announced that Dan McGrew has joined the company as Director of Sales, responsible for Magazine INTRODUCING The Five Star Institute's premier trade publications, DS News and MReport, have joined forces to become MortgagePoint. This new publication brings you the same exclusive news, features, interviews, and commentary you've come to expect from Five Star—now taken to the next level and all in one place. MortgagePoint is your one-stop shop for coverage of the full spectrum of mort- gage, from originations to default. Scan the QR code to sign up and learn more. THE INDUSTRY'S MOST VALUED PUBLICATIONS JOINING FORCES