DocMagic is excited to report that CEO Dominic Iannitti was recognized with the 2018 ‘Innovation Award’ at October Research’s 14th annual National Settlement Services Summit (NS3).  Now in its 7^th year, October Research presents three awards for excellence in leadership, innovation, and philanthropy.

Iannitti won the award for his hands-on development and launch of DocMagic’s SmartCLOSE™ collaborative closing platform, along with the success of its Total eClose™ solution for comprehensive, 100% paperless eClosings.  He was also credited with helping drive the early adoption of eSign technology in the mortgage industry in an effort to eliminate the use of paper and create new lending efficiencies.  In January of this year, DocMagic hit a company milestone with its proprietary eSign technology, surpassing 300 million electronic signatures.

DocMagic, Inc. is proud to announce that president and CEO, Dominic Iannitti, was honored by HousingWire with its 2016 Vanguard Award, which recognizes top mortgage executives for professional accomplishments and for their positive impact on the industry at-large.

The Vanguard Award list is limited to business unit executives within the housing and mortgage finance spheres, specifically those who stand out as innovators and trailblazers. The bar is set extremely high, so all Vanguard nominees represent the highest caliber and demonstrate substantial industry influence.

“The HW Vanguards continues to impress going into its second year; the winners are second-to-none and this list represents the finest cross section of mortgage talent available,” said Jacob Gaffney, HousingWire editor-in-chief.

By Brian Hornea

Cybersecurity has become an increasingly pressing issue in all industries that store personal information, particularly after a cyber-attack in 2014 against JPMorgan Chase that compromised some 83 million accounts.

Protecting data has become a larger concern to mortg

 

age professionals in recent years as the industry has become more and more digitized—many mortgage loans now are completed electronically to where no paperwork is involved at all. On top of that, mortgage lenders collect more personal information on customers than any other sector in the financial services industry, making them prime targets for hackers.

Dominic Iannitti, president and CEO of DocMagic, talked candidly about what the mortgage industry needs to do to improve the lending process.

With the TRID deadline behind us, the industry is breathing easy again. But should it? Recently ComplianceEase, a provider of automated compliance solutions to the financial services industry, released an analysis of compliance defects for closed loans and estimated that the cost of correcting these errors is increasing the cost of origination, on average, by approximately $28 for every loan. The analysis was based on a cross-section of 700,000 audits that were performed in ComplianceAnalyzer and RESPA Auditor during the first quarter of 2015. It found that 17 percent of the loans failed for Truth in Lending Act (TILA) reasons. Another 6 percent of the loans—or one in 15—failed for being outside of the Real Estate Settlement Procedures Act (RESPA) tolerances.

So, this industry clearly is struggling with compliance. The answer to ironclad compliance is migrating to a truly data-driven process according to Dominic Iannitti, president and CEO of DocMagic.

It was like coming home. “The first moment Iwalked into this building, I knew it was the right place for our company,” Dominic “Don” Iannitti says.

Iannitti is president and CEO of DocMagic, the largest loan document production company in the U.S., and the building he’s speaking of is an impressive, 25,000-square-foot state-of the art technology center in Torrance, California. Within the mostly curved walls of this modern office space, more than 100 employees dedicate themselves to providing unparalleled service for their clients, some of which are the nation’s top lenders.

By Phil Hall

On the company Web site, DocMagic bills itself as “The largest loan document production company in the U.S.” And while that is a grand definition, it doesn’t capture the intelligence, innovation and celebrated customer service level that has earned the company the respect of the industry.

National Mortgage Professional Magazine spoke with Don Iannitti, the company’s founder, president and chief executive officer, to discuss how DocMagic emerged to become a leader in its field.

The new mortgage wave is now.

Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, we sit down with Don Iannitti, president and CEO of DocMagic, to see how the company how the company thrived in 2014, along with its plans to grow in 2015.

HW: DocMagic has announced some key acquisitions in 2014, how are these coming along and where does the company plan to grow in 2015?

MBA's National Technology in Mortgage Banking Conference & Expo was a success!

Press Release: With over 25 years of experience in solving industry problems, Iannitti is recognized

TORRANCE, Calif.—March 18, 2014—DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry, announced today that its Chief Executive Officer, Dominic Iannitti, has made an exclusive list of top industry technologists. This year’s Mortgage Banking magazine Tech All-Star list only includes 8 talented executives.

“It’s an honor to be recognized, however, our work has never been in pursuit of accolades,” Iannitti said. “We know we’ve done the job well when our customers tell us so and I am proud to say they tell us that every single day. I thank the editors of Mortgage Banking Magazine and look forward to serving this industry for many years to come.”

Iannitti founded DocMagic in 1988 when personal computers were new and business solutions that capitalized on technological tools were rare. He foresaw the day when all documents used to originate mortgage loans would be generated automatically in a fully compliant manner, provided in an electronic format and securely stored indefinitely. That goal was achieved this month when DocMagic became the first in the industry to originate an FHA mortgage with every document except the note executed in a completely electronic format.

From Dominic Iannitti, DocMagic President and CEO

As we step into the Holiday Season and approach the New Year, we look back on twelve months that went by quickly and were filled with exciting changes, hard work and growth.

This year the most obvious change is our location. Our new building reflects the evolution of DocMagic while providing next-generation space that encourages the creativity of our great staff. Our new Tech Center provides unheard-of processing power and security systems that allow us to confidently say there is no better or safer place for lenders and brokers to create, transmit and store loan data than with DocMagic.

We welcomed Tim Anderson, a well-known industry advocate of electronic commerce and eMortgage into our company as head of our new eServices Division. More and more of our clients are accepting and moving forward with our electronic offerings and Tim is on board to help us grow by sharing our eMortgage value proposition with the rest of the industry. Additionally, we added new employees in almost every department to better serve our growing client base.