A complete eClosing solution for Lenders One members to help accelerate the eMortgage journey

SALT LAKE CITY, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Lenders One Cooperative, a national alliance of independent mortgage bankers, today announced the launch of Lenders One^® eClosing by DocMagic, a complete eClosing solution for borrowers, lenders and investors. The eClosing solution provides an entirely paperless workflow that integrates every component of the closing process and guides users through each step.

Launched for Lenders One members today at the Lenders One Summer Conference in Salt Lake City, Lenders One eClosing by DocMagic is evidence that eMortgages and eClosings are no longer a future-state vision. When using the solution, the average loan closing “at the table” can be reduced from 60 minutes to 15 minutes, helping to dramatically improve the borrower experience. 

Integration reduces time from initiating a loan application to receiving disclosures from days or weeks to just minutes

TORRANCE, Calif., May 9, 2017 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the mortgage industry’s leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it completed an integration with BeSmartee, a leader in mortgage automation technology.

At DocMagic we’re all about making things simple. This often requires us to integrate with the other technologies you use in your business every day.

Press Release: Consortium lenders who use this LOS now have access to industry-leading doc prep and eDelivery

TORRANCE, Calif.—DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry, announced today that DocMagic is now available from within the Liquid Logics loan origination system (LOS) produced by bFocused. Liquid Logics is a cloud based LOS that is currently in use by a consortium of consumer direct lenders.

“We’re very proud of this integration effort and what it will mean to users of the Liquid Logics LOS,” said Steve Ribultan, Director of Business Development for DocMagic. “We’re integrating everything: document packages, compliance, eSign, e-delivery, e-appraisal, BorrowerMobile, and perhaps most important the delivery of electronic documents to borrowers. It is a seamless integration that allows lenders to check compliance, generate document packages and deliver them to borrowers electronically from within their “system of record”.

Recently, DocMagic announced a deeper integration with OpenClose, provider of an enterprise-class end-to-end loan origination system.

Press Release:
New interface is tightly embedded in OpenClose’s LOS with full QM compliance

TORRANCE, Calif.—DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry, and OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced today that the two companies have established a new seamless integration. The integration allows users to access DocMagic’s services, including its full compliance suite for QM and High-Cost loans, without ever having to leave OpenClose’s LOS.

“Both DocMagic and OpenClose are very progressive, innovative technology companies that have engineered true software-as-a-service (SaaS) applications, which work very well together,” said Dominic Iannitti, CEO of DocMagic. “We have many clients in common that can take advantage of our robust document system, eSigning and eDelivery functionality from within OpenClose. Establishing a tight, seamless integration with the LOS platform is a best practice that will serve our customers well.”

Press Release:
Lenders that use the Mortech Marksman technology now have access to DocMagic

TORRANCE, Calif.— DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, today announced that Mortech®, a Zillow® business, has integrated DocMagic technology into its Marksman® software. This integration will allow users to run regulatory compliance checks, generate upfront disclosures and re-disclosures (Change in Circumstance documents) and deliver them for customers to sign electronically via DocMagic’s eSign technology.

Designed for mortgage bankers who want instant information, Mortech’s Marksman software provides accurate, real-time, best-execution pricing data. As the only pricing engine with a partnership with AllRegs®, Marksman provides unmatched compliance and is in use by hundreds of lenders, including correspondent lenders, credit unions and community banks. DocMagic’s technology will now allow joint customers to create upfront disclosures, initiating a deeper relationship with their prospective borrower.

An informed decision is key when selecting a new loan-origination system.

By Steve Ribultan, director of business development, DocMagic Inc.

Despite the recession’s lingering effects on lenders and the vendors that serve them, many options remain for loan originators in search of good technology. For instance, there still are many great loan-origination systems (LOS) on the market. Although this is a great benefit to mortgage businesses in one way, it’s a problem in another: Despite the efforts of ambitious technology vendors to provide end-to-end solutions, every LOS on the market must interface with other technologies to get the loan from application to the closing table.

Studies have indicated that most originators are in the market for a new LOS about every five years. That means that, for all but the largest lenders in the business, institutions are ready to try something new about twice a decade. That rate may have slowed for existing lenders during the downturn, but the number of new lenders that have come into the space over the past few years has brought the average back to its norm.

Press Release: COSTA MESA, CA -- LendingQB, a provider of end-to-end loan origination software, announced that they completed a seamless interface with DocMagic's document production and compliance technology. The integrated solution provides users working in LendingQB's loan origination system (LOS) with seamless access to DocMagic's document preparation functionality. The companies partnered to make the process of ordering, sending, signing and receiving compliant mortgage documents as effortless as possible.

The new interface completely embeds DocMagic's functionality within LendingQB's LOS, preventing users from ever having to leave the environment in which they are accustomed to working in-LendingQB. All activities, from selecting document packages to auditing data, occurs in LendingQB's centralized database, eliminating the need to re-key information and potential loan data mismatches, thus ensuring accuracy and compliance with all state and federal regulations.