DocMagic offers free version of its eSign technology for non-mortgage uses

Posted by DocMagic on 06/01/2020

DocMagic is making an agnostic version of its eSign technology free to help organizations increase productivity and efficiency among work-from-home employees during the coronavirus pandemic—both during the stay-at-home orders and after they are lifted.

Our eSign technology is traditionally used by mortgage lenders to compliantly eSign initial loan document disclosures and closing documents. However, we modified the platform to make it document agnostic, thus allowing important non-mortgage documents such as contracts, NDAs, LOIs, and virtually any other agreement to be electronically signed and legally binding. (Note: Only the agnostic eSign solution is free, not the mortgage-specific eSignings involving our loan document generation service.)

Nearly every company needs to sign documents to conduct business, and signatures are often required from multiple parties. Documents have to printed several times, then faxed or emailed, resulting in a cumbersome process. As the COVID-19 pandemic led to a series of stay-at-home orders nationwide, companies have found signing and securely delivering these documents in a timely manner a challenge.

“As stay-at-home orders began to open up in more states, large numbers of home-based workers in all industries will continue with the telecommute model and thus continue facing challenges with signing and executing documents,” said Dominic Iannitti, DocMagic’s president and CEO.

“Many employees are using makeshift home offices that lack the hardware, devices, and software to facilitate compliant e-signings. Fortunately, DocMagic is in a great position to help with a proven platform used in one of the strictest, most highly regulated industries. Our eSign technology allows companies to circumvent wet signings, back-and-forth emails, and scanning or faxing documents for a proven, highly secure, compliant electronic platform.”

The eSign platform makes it easy to electronically sign documents. It’s 100% web based, requires no installation or maintenance, and can be securely accessed via any device with an internet connection. eSign also captures electronic signatures for all documents stored in the PDF file format. Documents are digitally sealed and access is provided to all parties, with audit trail capabilities, document versioning, tracking, and email notifications.

According to a recent Zillow survey, 56% of employed Americans have had the opportunity to work from home, and a vast majority want to continue. Among those working from home because of the pandemic, 75% said they want to continue doing so at least half the time after the pandemic ends. 

“We believe that even after stay-at-home orders are gradually lifted, there will still be a significant number of businesses that find the telecommute model to be pragmatic, efficient, and cost effective,” Iannitti said. “After the COVID-19 pandemic slowly winds down, we still want to make our eSign technology available for free. It’s our ongoing way of giving back in order to help companies remain as successful as possible.”

DocMagic is the leader in eSign technology within the mortgage industry, having executed more than 300 million eSign transactions and counting.

Interested organizations can learn more by emailing sales@docmagic.com or calling (800) 649-1362.

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Topics: DocMagic eSign, eSign

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