Based in 1987, DocMagic offers doc technology, regulatory compliance, eSignature, and complete digital options for the nationwide mortgage trade. With compliance specialists and in-house authorized workers constantly monitoring authorized and regulatory adjustments at each the federal and state ranges to make sure accuracy, DocMagic’s suite of know-how options is designed to advance the mortgage course of at each stage.
Whole eClose by DocMagic—the mortgage trade’s main eClosing platform simply acquired higher. Whole eClose is a single-source, end-to-end platform that gives a 100% paperless workflow that seamlessly integrates each element of the closing course of for debtors, lenders, settlement brokers, notaries, and different related events.
With the addition of DocMagic’s new AutoPrep know-how, Whole eClose is now documenting supplier agnostic, enabling the platform to make the most of paperwork from any supply. Leveraging subtle AI, OCR, and machine-learning applied sciences, the answer automates the quite a few intricacies of getting ready paperwork for digital closing. Inside seconds, AutoPrep classes, tags, and barcodes paperwork, immediately recognizing signature, preliminary, and notary areas. The ensuing e-enabled paperwork are prepared for eSignature, eNotary, and eClosing processes. DocMagic has opened the door for lenders to transition extra rapidly to an eClosing workflow, bringing effectivity, consistency, and consumer expertise enhancements.
“We consider mortgage know-how innovation ought to give attention to lowering operational friction by enhancing the interoperability between disparate programs. This perception underscores innovation throughout our total group, with the final word objective of a very digital mortgage course of.”
—Dominic Iannitti President & CEO DocMagic, Inc.
HEADQUARTERS LOCATION: Torrance, California