Tag Archives: eMortgage services

Recently Launched LoanMAPS™ LOS Now Integrated with DocMagic Eliminating Need for Disclosure Desk and Closing Department

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance, and comprehensive eMortgage services, is pleased to announce that it has integrated multiple digital lending solutions with Take Three Technologies' ("Take3") cloud-based and fully-integrated loan origination system (LOS), LoanMAPS™. LoanMAPS - an all-in-one LOS, POS, CRM, and report generator - was introduced to the industry via a soft launch in 2019 and is now commercially available for clients.

The new integration with LoanMAPS empowers clients by eliminating the need for an initial disclosure desk and closing department, which results in reducing the clients' full-time employee count and slashes clients' cost to produce loans. Via the integration, LoanMAPS users can easily and compliantly generate loan documents for borrowers, eSign documents, and will offer eClosing capability. Together, the solutions enhance the initial disclosure process, streamline closings, and provide users with an efficient and simplified mortgage process.

"The integration that we developed with Take3's LoanMAPS LOS is seamless and bi-directional, giving users the ability to harness several of our solutions to optimize the borrower experience, reduce lender costs and ensure compliance," stated Steve Ribultan, director of business development at DocMagic. "We are pleased to partner with Take 3 and extend this offering to mutual lender clients residing on LoanMAPS."

LoanMAPS, a cloud-based LOS, runs completely off a standard internet browser accessible from the user's desktop, laptop computer, or mobile device. Automating the entire lending process for mortgage bankers, LoanMAPS applies AI and sophisticated business logic to implement newfound efficiencies across the system from production through post-closing. Additionally, unlike most commercially available LOSs, LoanMAPS also includes a robust CRM, POS, and Report Generator, which eliminates the need to add third party applications, dramatically lowering the cost to originate loans while maximizing productivity. Take3 encourages clients to take their Cost to Produce Challenge and see how much they could save with LoanMAPS.

"A team of mortgage lenders developed LoanMAPS after decades of experience working with other solutions and realizing the value that having one technology provides in terms of one database and one training system," stated Anita Padilla, CEO of Take 3 Technologies. "LoanMAPS was built by mortgage bankers, for mortgage bankers."

Padilla continued: "From its conception, LoanMAPS was developed with the objective to give lenders the flexibility to grow their volume while saving time and money, alleviating compliance and underwriting guideline concerns, and slashing the total cost to manufacture loans. Working with a proven industry leader like DocMagic enables us to optimize the overall value that LoanMAPS offers."

DocMagic's Audit Engine fully automates data and document validation at all phases throughout the lending process to ensure accuracy and compliance. Continuous automated compliance checks validate that the documents are always generated in compliance with federal, state and investor rules and regulations. The integration with LoanMAPS also ensures that the TRID rules are adhered to at all times, eliminating costly errors.

"The interface between DocMagic and LoanMAPS has been hugely beneficial in streamlining our entire initial document disclosure process and ensuring compliance," said Gail Maes, Vice President of Operations at Megastar Financial. "The ease of use it gives our customers helps elevate the borrower experience and complements the intuitive functionality that LoanMAPS gives our back-office staff."

Take 3 Technologies is also integrating DocMagic's Total eClose™ platform with LoanMAPS. Total eClose automates the entire eClosing process via a single-source solution that guides users through a highly efficient eClosing experience which allows them to securely eSign and eNotarize a loan from anywhere via a simple internet browser. The addition of Total eClose to LoanMAPS saves borrowers significant amounts of time at the closing table and helps lenders enhance the borrower experience.

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About Take 3 Technologies:

Take Three Technologies developed LoanMAPS, a cloud-based and fully-integrated loan origination system. With LoanMAPS, you can replace your current LOS, CRM, POS, and Report Generator with one easy-to-use solution that covers of all of your mortgage banking technology needs. From client management and origination to processing and closing, LoanMAPS is here for you with easy implementation and training at your fingertips. Reduce your cost to close and increase your productivity with LoanMAPS today. For more information, visit the company's website https://welcome.loanmaps.com/.

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance, and comprehensive eMortgage services, is pleased to announce that it has integrated multiple digital lending solutions with Take Three Technologies' ("Take3") cloud-based and fully-integrated loan origination system (LOS), LoanMAPS™.

Related link: https://www.docmagic.com/

DocMagic Officially Launches eDecision™, Fully Automating and Perfecting Digital Closing Eligibility

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully compliant loan document preparation, automated regulatory compliance, and comprehensive eMortgage services, announced the rollout of eDecision™, a robust solution that significantly expands the level of analysis applied to e-eligibility determination for eClosings. The result is a clear-cut, highly accurate decision that tells users precisely how far they can take a digital closing based on the unique attributes of the loan transaction-all the way down to county-level eRecording acceptance.

eDecision is powered by DocMagic's sophisticated audit engine, which begins the decisioning process as soon as the first set of disclosures are generated-starting as early as the point-of-sale-and continuing with e-eligibility checks throughout the entire loan process. The solution accesses and compiles first-party data, leveraging an immense amount of information to improve the digital closing process.

"Our goal in developing eDecision was straightforward: to help clients execute flawless eClosings and bring a new level of automation to the overall process by providing lenders with an immediate determination of how 'e' they can be," said Dominic Iannitti, president and CEO of DocMagic. "Simply put, eDecision equates to eSuccess for all parties involved in the closing process."

The eDecision solution does not force users to leave DocMagic's platform and visit another website, use a third-party application, or access an ancillary database. Everything eDecision offers is available within DocMagic's core process and is provided as an integral component of the eClosing workflow, ensuring a seamless and efficient eClosing process each and every time.

eDecision's core capabilities:

* eClosing selection - eDecision automatically determines how "e" lenders can be with DocMagic's Total eClose solution, which offers four distinct types of compliant eClosings. From the moment the first document package is generated, the highest level of hybrid available or a fully-paperless eClosing is instantly identified.

* eNote certification - eDecision automatically confirms whether a lender is certified to originate eNotes, is registered with MERS, and has completed their MERS end-to-end testing.

* eRecording readiness - eDecision automatically validates whether the local recording jurisdiction is able to accept an electronically executed security instrument.

* Knowledge-based authentication (KBA) - eDecision automatically confirms whether KBA is required in the closing state where it occurs.

* eNotary acceptance - eDecision automatically identifies which type of notarization is accepted within the jurisdiction: remote online notarization (RON), in-person electronic notarization (IPEN), or traditional in-person notarization.

* Investor acceptance - eDecision will also soon provide a determination whether an investor will purchase an electronically closed loan, saving time for secondary marketing departments.

All analysis and results from eDecision are incorporated into DocMagic's Loan Detail Report (LDR), which is automatically included with all document requests and is widely accepted by most investors as proof of regulatory compliance. Furthermore, DocMagic's audit engine automates data and document validation throughout all phases of the lending process to ensure accuracy while performing continuous compliance checks to ensure strict adherence to applicable rules and regulations.

Iannitti concludes: "At DocMagic, with each innovation we engineer, we strive to eliminate manual processes and improve the overall user experience. We don't want our clients having to go elsewhere to research or rely on disparate third-party systems for what we believe should be a fully-integrated analysis that begins the moment our services are accessed for a particular loan transaction. eDecision gives lenders, settlement providers and notaries a completely integrated digital closing determination process - and the confidence they need to begin offering eClosings on a widespread scale."

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

DocMagic, Inc., the premier provider of fully compliant loan document preparation, automated regulatory compliance, and comprehensive eMortgage services, announced the rollout of eDecision™, a robust solution that significantly expands the level of analysis applied to e-eligibility determination for eClosings.

Related link: https://www.docmagic.com/

DocMagic and Secure Insight Form Partnership, Creating a National Database of Certified Remote Online Notarization Providers

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, automated regulatory compliance and comprehensive eMortgage services, and Secure Insight, Inc., the leading risk reporting firm for data intelligence on mortgage settlement agents, jointly announced the offering of a centralized training program on remote online notarization (RON) technology and processes. The program establishes a trusted database of notaries that have been fully trained and certified on DocMagic's industry-leading Total eClose(tm) platform.

Lenders have a growing need to tap well-qualified eNotarization professionals to work with and ensure deals close smoothly and on time. This new certification program reaches the greatest number of notaries with a working knowledge of DocMagic's Total eClose solution and is poised to significantly move the adoption needle.

"Ultimately, this partnership creates a better RON process for lenders and borrowers alike, benefiting all users involved in the eClosing process," says Dominic Iannitti, president and CEO of DocMagic. "Lenders are operating at maximum capacity right now with an influx of mortgage applications that they must ultimately close on as efficiently as possible amid heavy loan volume. Our new certification process will ensure lenders that RON eClosings will be handled quickly and efficiently by a ready supply of proficient eNotaries."

Secure Insight has an extensive national database of notaries that can now be easily accessed to locate notarial agents qualified to complete seamless, compliant eClosings using RON technology. By joining forces, DocMagic offers the technology and Secure Insight provides a unique database and individual training for notaries.

"One of the primary challenges in facilitating RON transactions is that lenders are hesitant to entrust the closing process with a notary that may be ill-equipped to effectively perform an eClose transaction," says Andrew Liput, CEO at Secure Insight. "Teaming with DocMagic allows us to identify properly licensed, experienced and trained professionals whom lenders will feel comfortable leveraging to perform the specialized functions surrounding these unique transactions."

DocMagic's Total eClose solution is an award-winning platform that has also been ranked by independent third-party studies as the leading eClosing technology in the mortgage industry. Secure Insight boasts one of the largest databases of closing professionals in the country and now adds a widespread stable of knowledgeable eNotaries, creating a powerful educational foundation that boosts digital mortgage lending competence.

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant document generation, automated regulatory compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, processes, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit http://www.docmagic.com/.

About Secure Insight:

Secure Insight was the first company to offer a standardized risk management process and information database of fully risk-assessed mortgage closing professionals that protects consumers and lenders, reducing fraud and ensuring that federal regulatory requirements are met. Secure Insight monitors tens of thousands of attorneys, title agents escrow officers and notaries nationwide through proprietary SaaS technology and the mortgage industry's only National Settlement Agent Database. This database is accessed daily as a fraud prevention tool by state and federal banks, mortgage lenders and credit unions throughout the United States. Secure Insight was named one of the Top 50 companies to watch in the Fintech space for 2021 by the Silicon Review, and in 2020 was named one of the Top Financial Security Providers by CFO Technology Magazine. For more information about Secure Insight please visit www.secureinsight.com.

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, automated regulatory compliance and comprehensive eMortgage services, and Secure Insight, Inc., the leading risk reporting firm for data intelligence on mortgage settlement agents, jointly announced the offering of a centralized training program on remote online notarization (RON) technology and processes.

Related link: https://www.docmagic.com/

MortgageCountry Perfects the eClosing Process – Goes Live with DocMagic’s Custom-Configured Total eClose™ Solution and Dynamic Document Preparation Service

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that MortgageCountry, a newly formed mortgage banker, has implemented its Total eClose(TM) platform and dynamic document preparation service. Since its launch, the lender has set a new standard for speed -closing loans in an average of 13 calendar days during the first two months of lending aided by DocMagic's 100 percent digital e-enabled documents working seamlessly with its eClosing interface, dramatically enhancing the client experience.

MortgageCountry identified a gap in the industry, dominated by large independent mortgage bankers and financial institutions after the financial crisis, which has significantly increased the consumer cost of a mortgage. The primary reason for rising consumer cost is the industry's reliance on a large outside sales infrastructure, absorption of mortgage brokers, and corporate expense allocations throughout the banking industry.

MortgageCountry is committed to reversing this negative trend while providing best-in-class products and services. Consequently, MortgageCountry partnered with the best of the best technology partners to provide an intuitive and simple platform that meets clients everywhere and anywhere.

MortgageCountry invested a substantial amount of time arriving at a long-term technology strategy that would completely set it apart from competitors. Their vendor due diligence and planning process was extensive, according to MortgageCountry, which entailed close collaboration with DocMagic's eClosing team to fine-tune the process from start to finish.

"To be successful in today's fast-moving, rapidly changing lending landscape, implementing the right technology is business-critical to disrupt an industry plagued with good ideas but poor execution," stated Sheila Salvitti, Director of Communications and Social Media at MortgageCountry. "MortgageCountry has successfully delivered on our promise to make the client experience as simple, quick and easy as possible. After DocMagic tailored Total eClose to our business needs and swiftly implemented the platform, we were flawless from the outset."

Salvitti continued: "DocMagic completely exceeded our expectations, helping us make our origination and closing process next-level efficient and creating a second-to-none closing experience for our clients. After seeing the level of perfection achieved, we knew we chose the right technology partner to realize our belief that the sky is the limit."

MortgageCountry reported that its clients consistently found the process intuitive, speedy and transparent by providing the complete closing documents well ahead of closing. Clients also stated that the process was much more comfortable than their prior experiences because they were able to review and sign the closing documents without the pressure of someone looking over their shoulder, and they valued the ability to sign on their own time without a rigid schedule.

MortgageCountry implemented a technology-forward, intuitive, and client-centric lending platform that meets clients everywhere and anywhere, and is complemented by a dedicated client experience team of industry gurus that are available to chat six days a week, 12 hours a day. MortgageCountry has found the right balance between technology and service to change the way consumers think about the mortgage process.

According to MortgageCountry, paramount to the solution was the utilization of DocMagic's dynamic, intelligent, data-driven loan documents and disclosures combined with Total eClose, which ensures that all data and docs match every step of the way for compliance adherence and the prevention of fraud. Via an integration with MortgageCountry's new loan origination system (LOS), DocMagic seamlessly and bi-directionally exchanges relevant loan data to complete transactions. MortgageCountry credits the ability to start from "scratch" as a competitive advantage in today's landscape where lenders are slow to adopt technology that drives efficiency and client satisfaction.

"It was a pleasure collaborating with the tech-savvy, forward-thinking team at MortgageCountry in a combined effort to master the eClosing process before they ever funded a single loan," stated Dominic Iannitti, President and CEO of DocMagic. "The unprecedented success we had with the solution configuration, troubleshooting and implementation of the platform helped setup MortgageCountry to be one of the most efficient independent mortgage bankers in the country. Using our combined docs and eClosing solutions, they have established a clear competitive advantage while also future-proofing their organization with the most contemporary, innovative technology in the industry."

Of note is that one of MortgageCountry's core underlying missions is to support local communities by donating five percent of its profits. MortgageCountry is fulfilling this mission by funding charities that are important to their clients, which also increases visibility of countless incredible organizations through their philosophy that "what is important to you is important to us."

In addition, MortgageCountry stated that it adopted a fully distributed business model from the outset - a key ingredient of its growth strategy. MortgageCountry is running its business virtually and much more cost effectively, avoiding the overhead required to house employees in corporate locations by implementing a 100 percent browser-based technology that is accessible from anywhere, anytime and any device with an internet connection. MortgageCountry believes its employees should work where they want, when they want and how they want. This affords MortgageCountry the ability to hire the most talented associates without geographic limitations.

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes, and web- based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit http://www.docmagic.com/.

About MortgageCountry:

MortgageCountry, LLC is a direct mortgage lender built to reduce the cost of a mortgage through forward-thinking technology and a re-engineered mortgage process. MortgageCountry is reshaping the mortgage landscape by delivering the "best-in-market" product and unparalleled client experience. Founded in 2019, MortgageCountry has a fully distributed business model attracting the most talented associates without geographic limitations. MortgageCountry is committed to supporting local communities through our philosophy: What is important to you is important to us. For more details about MortgageCountry, visit http://www.mortgagecountry.com/ and follow us on Instagram @MortgageCountry.

Social Media: @DocMagic @MortgageCountry #DocMagic #ComprehensiveEclosings #TotaleClose #DynamicDocumentPreparation #MortgageCountry #TechSavvyLender #GivingBack

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that MortgageCountry, a newly formed mortgage banker, has implemented its Total eClose platform and dynamic document preparation service.

Related link: https://www.docmagic.com/

Amid Ongoing Work-From-Home Requirements, DocMagic Provides its eSign Technology at Zero Cost to Boost Employee Productivity

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced it has made an agnostic version of its eSign technology available for free in order to help organizations increase productivity, efficiency and compliance among work-from-home employees during COVID-19 stay-at-home orders as well as after they are lifted. DocMagic is the leader in eSign technology within the mortgage industry, having executed more than 300 million eSign transactions and counting.

Nearly every company relies on signed documents in some part of its core business activities. These agreements often require signatures from multiple parties. Documents are often printed several times, then faxed or emailed, making the process not only cumbersome, laborious and time consuming, but prone to risk as well. Over the past several months, since the inception of social distancing requirements of the COVID-19 pandemic, companies are finding that signing and securely delivering these documents in a timely manner has become a challenge.

DocMagic's eSign technology is traditionally used by mortgage loan borrowers to compliantly eSign initial mortgage loan document disclosures and closing documents. However, DocMagic has modified the platform, making it document agnostic, enabling it to easily handle the execution of important documents such as contracts, NDAs, LOIs and virtually any other agreement, to be electronically signed and legally binding.

"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, president and CEO at DocMagic. "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."

DocMagic's eSign platform makes electronically signing documents a snap - without the need for any hardware or software. It's 100 percent web-based, easy-to-use, requires no installation or maintenance whatsoever, and can be securely accessed via any device with an internet connection. DocMagic eSign also provides for the secure capture of 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.

In a recent Zillow survey conducted by The Harris Poll, more than half of employed Americans (56 percent) have had the opportunity to work from home, and a vast majority want to continue, at least occasionally, according to the poll. Among Americans working from home because of the pandemic, 75 percent said they would prefer to continue to do so at least half the time, if given the option, after the pandemic subsides. And two-thirds (66 percent) of those employees said they would be at least somewhat likely to consider moving if they had the flexibility to work from home as often as they want.

Iannitti adds: "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. 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."

To clarify, DocMagic's free offer pertains to the agnostic eSign solution only, not mortgage-specific eSignings involving the company's dynamic loan document generation service. Interested organizations can learn more by contacting DocMagic at sales@docmagic.com or call (800) 649-1362.

About DocMagic:

DocMagic, Inc. is the leading provider of compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web- based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit www.docmagic.com.

Social Media: @DocMagic #FreeEsign #eSignTechnology #COVID19goodwill #DocMagicEsign

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

*LOGO link for media: https://www.Send2Press.com/300dpi/18-0522s2p-docmagic-300dpi.jpg

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced it has made an agnostic version of its eSign technology available for free in order to help organizations increase productivity, efficiency and compliance among work-from-home employees during COVID-19 stay-at-home orders as well as after they are lifted.

Related link: https://www.docmagic.com/

SecurityNational Mortgage Implements a Fully Paperless Closing Process Using DocMagic’s Total eClose Platform

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant and document preparation, regulatory compliance and comprehensive eMortgage services, and SecurityNational Mortgage Corporation (SNMC), an independent national mortgage banker, jointly announced that they successfully rolled out DocMagic's comprehensive Total eClose(TM) platform.

Since rolling out Total eClose in September, SNMC has reduced borrower time at the closing table to as little as 15 minutes, and become one of the first national lenders to offer a true eClosing solution that involves no paper whatsoever. It has dramatically sped up the closing process, ensuring accuracy and loan quality, and delivering newfound efficiencies for borrowers, notaries and settlement providers. Total eClose enables SNMC's customers to preview documents prior to closing, eSign all documents, and complete both remote and in-person eNotarizations. As a result, SNMC is now positioned to capture more market share, reduce operational costs, expedite closing times and elevate the borrower experience.

"Our goal was to perfect a completely digital eClosing process, not to be just another lender offering a basic hybrid closing," said Steve Johnson, president of SNMC. "Achieving our goal required a powerful end-to-end technology, a perfectly executed seamless implementation, and an intuitive interface that everyone-staff, settlement service providers and borrowers-could use immediately, without a steep learning curve. We got that and more with DocMagic. Plus, the DocMagic implementation team was with us all the way. We never had to worry about a thing."

The two companies approached the project as partners to ensure swift adoption and a quick understanding of the new workflow-driven eClosing process for both SNMC's staff and customers. DocMagic worked hand-in-hand with the lender, leveraging its vast eMortgage expertise to help sculpt a unique strategy and a successful go-to-market launch. Unlike other document and eClosing solution providers, DocMagic takes an ultra hands-on approach to implementations, from developing the project roadmap, to training all parties-such as staff, title agents and notaries-to synchronized testing of each facet of the Total eClose platform.

"Our implementation teams function like expert consultants-we work very closely with each client, guiding them literally every step of the way," said Dominic Iannitti, president and CEO of DocMagic. "There is a huge number of moving pieces in an eClosing solution. As a single source solution, we have intricate knowledge of every one of them, so there are none of the issues that plague other providers-not only immediately after the implementation, but over the long haul as well. In contrast, lenders who choose incomplete or cobbled-together eClosing technologies may have to hit the restart button within 12 to 18 months and search for a comprehensive solution."

DocMagic is a recognized eClosing pioneer, and has been a part of virtually every state-first eClosing in the U.S.

"We're pleased to work with companies like SecurityNational Mortgage that truly understand the value of implementing a 100 percent paperless eClosing process," said Iannitti. "They have taken a leadership position in facilitating eClosings and are ready for an inflow of new business that will be conducted very efficiently."

DocMagic's comprehensive suite of eSolutions and eServices also includes SMARTDocs, eNotes capability, eVault technology, eWarehouse lending, and even loan servicing.

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com.

About SecurityNational Mortgage Company:

SecurityNational Mortgage Company (SNMC) is an award-winning retail mortgage lender. Headquartered in Salt Lake City, Utah, the company has 102 offices across the nation and is currently licensed in 44 states. SNMC is a wholly-owned subsidiary of Security National Financial Corporation, a publicly traded company (SNFCA - NASDAQ(R)). Founded in 1993, SNMC is celebrating its 25th year in business and is proud to have helped thousands of homeowners each year with their home purchases and refinances. SecurityNational Mortgage Company is an Equal Housing Lender (NMLS 3116). For more information, visit https://snmc.com/.

REF: NASDAQ:SNFCA

DocMagic, Inc., the premier provider of fully-compliant and document preparation, regulatory compliance and comprehensive eMortgage services, and SecurityNational Mortgage Corporation (SNMC), an independent national mortgage banker, jointly announced that they successfully rolled out DocMagic's comprehensive Total eClose(TM) platform.

Related link: https://www.docmagic.com/

DocMagic Opens High-Tech Print Fulfillment Supercenter to Support Growth

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has opened a 12,000 square foot print fulfillment center minutes from its Torrance, California headquarters. DocMagic added the high tech "supercenter" to support lenders' growing need for secure, compliant paper documents as the mortgage industry transitions to a 100 percent digital mortgage process.

"Ironically, DocMagic's increasing need to produce paper documents results from the growing number of lenders using our technologies to transact paperless mortgages," said Dominic Iannitti, president and CEO of DocMagic, who explained that even lenders employing 100 percent digital processes need to produce paper documents due to paper "fallout."

Paper fallout, which is normal and can be expected with any digital process, is usually caused when borrowers do not respond to email requests for eSigning within required timeframes or because they specifically ask their lenders to revert to paper documents. When this happens, lenders' risk of compliance violations increases. The process of printing, preparing and delivering paper documents is traditionally an intensely manual and time-consuming process, which increases lenders' risk of missed disclosure deadlines, errors and compromised data.

"Simply creating a print fulfillment center wouldn't have been an adequate solution because high risk is inherent in handling paper fallout," said Iannitti. "We needed a fulfillment center based on technology that eclipses any process-manual or automated-currently being used to process paper documents. Fortunately, this is where DocMagic excels. We created a fulfillment supercenter that operates at the height of automation in the mortgage equivalent of a sterile environment. We're very proud of what we've built."

The new fulfillment center uses biometric authentication and video monitoring to provide auditable assurance that only authorized individuals access the building and specific areas within the structure. Inside, advanced technology automates nearly every step of the paper process. Once the documents are ordered, a printer automatically feeds the paper documents directly into an automated system that scans and reads the barcodes to assure that all documents are present. The documents are then inserted into envelopes, sealed and stamped-all without human intervention. The system logs and stores all actions, so lenders can review them and produce detailed information about any document's activity, at any time. The result of this high-tech process for handling paper is a drastic reduction in the risk of errors, omissions and compromised data.

"UETA [Uniform Electronic Transactions Act] requires that consumers be allowed to opt out of electronic processes at any time, but that's just one compliance issue lenders need to address," said Iannitti. "The key difference between DocMagic and a basic software provider is DocMagic's core focus on providing a legal and compliant process. Unlike other providers, we've automated and integrated that opt out option within our workflow so lenders can avert risks that arise when transitioning to another system or vendor."

DocMagic plans to open additional regional print centers across the US over the next several years to support its expansion into other types of consumer loan programs. While there will always be some degree of fallout, as borrowers embrace the eSigning of all documents as the new norm, opting out to a paper process will become less common as well as the need to support additional fulfillment centers.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy.

For more information on DocMagic, visit https://www.docmagic.com/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

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DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has opened a 12,000 square foot print fulfillment center minutes from its Torrance, California headquarters. DocMagic added the high tech "supercenter" to support lenders' growing need for secure, compliant paper documents as the mortgage industry transitions to a 100 percent digital mortgage process.

Related link: https://www.docmagic.com/

DocMagic’s SmartCLOSE and Total eClose Solutions Receive ALTA ‘Elite Provider’ Designation

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the mortgage industry's leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it has been accepted into the Elite Provider Program for American Land Home Title Association (ALTA).

Applicants to the ALTA Elite Provider Program must provide their five most recent balance sheets demonstrating the company's financial stability and a list of ten references. Each is assessed based on its financial strength, its commitment to the overall industry, its national distribution capabilities, and reference checks with existing customers.

Acceptance into this program means that DocMagic now joins an elite group of premier service providers that promote the highest industry standards and benefits for the title and settlement services industry. In addition, as an Elite Provider DocMagic is now able to offer all ALTA members various discounts on its solutions and services.

"This designation underscores DocMagic's mission to deliver critical, robust technology solutions that address complex compliance issues and needs for both lenders and title companies," said Tim Anderson, director of eServices at DocMagic. "ALTA's rigorous vetting process and high standards mirror DocMagic's own internal guidelines, and we're pleased not only to be named to the Elite Provider Program, but also to demonstrate the soundness of our solutions and our practices to the title community."

DocMagic's solutions, which are currently being leveraged by the title and settlement services industry, deliver a comprehensive, easy-to-use collaboration system for live fee data exchange and paperless eClosing between lender and title systems. To date, solution adoption has been well-received and continues to gain momentum.

Key initiatives that helped make DocMagic an ALTA Elite Provider:
* SmartCLOSE(TM) - a robust collaborative closing portal for TRID compliance that connects lenders, settlement provider and other real estate entities to ensure that all data is accurate, complete and compliant before documents are drawn.

* Total eClose(TM) - a comprehensive digital mortgage solution that ensures all documents (not just the final CD) are completed consistently, compliantly and more efficiently, which greatly increases loan funding turn times by reducing any post-closing trailing docs and potential buy back issues.

* Uniform Closing Dataset (UCD) approved technology - DocMagic is now certified by both Fannie Mae and Freddie Mac to deliver copies of the borrower CD and XML data at the time of closing, as well as any data changes made 90 days after closing.

DocMagic' solutions have been proven to solve the title and settlement services industries' mounting challenges regarding data integrity, document versioning, process accuracy and compliance via real-time collaboration tools and final approval by lenders. Data updates are automatically validated inside DocMagic's industry-leading compliance engine to ensure that clients are always within tolerance thresholds; final documents cannot be generated until all conditions are cleared.

DocMagic will be attending the 2017 National Settlement Services Summit (NS3) being held June 7-9 at the Marriott Rivercenter in San Antonio, Texas. To arrange a meeting with DocMagic at the show, contact Tim Anderson at 904-608-3966 or tim@docmagic.com.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, regulatory compliance, eSign, eDelivery and comprehensive eMortgage services for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy.

For more information on DocMagic, visit http://www.docmagic.com/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

DocMagic, Inc., the mortgage industry's leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it has been accepted into the Elite Provider Program for American Land Home Title Association (ALTA).

DocMagic’s Total eClose Solution Facilitates First State Sponsored eClosing in North Carolina

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the mortgage industry's leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it completed North Carolina's first 100 percent paperless eClosing. The DocMagic-driven eClosing was completed on Friday, May 5th at North State Bank and was carried out in the presence of borrowers Jason and Karen Boccardi, the North Carolina Secretary of State, a closing paralegal, an eNotary, and members of the media who documented the historical event.

Attorneys from the Hunoval Law firm attended via interactive video. The entire eClosing took only about 20 minutes to complete.

DocMagic's Total eClose(TM), which contains all the components to facilitate a fully compliant, 100 percent paperless digital closing, served as the single platform that enabled the entire transaction. eNotarization was facilitated by long-time DocMagic strategic partner World Wide Notary (WWN).

DocMagic facilitated four of the five statewide-first eClosings, as well as the CFPB's eClosing pilot program. The North Carolina eClosing was part of a state sponsored eClosing Pilot Program that was established in 2016 by North Carolina Secretary of State Elaine F. Marshall to create a best practices guide for mortgage lenders seeking the heightened security, speed and efficiency of eClosings.

North State Bank is the only lender in North Carolina, and one of only a handful of lenders nationwide, to have successfully completed a 100 percent paperless eClosing. The eNote was registered on the MERS eRegistry and made available to Mid America Mortgage, the investor in the transaction-within minutes of being executed by the borrowers.

Unlike hybrid systems that still require various documents to be papered-out, DocMagic's eClosing system enables a 100 percent paperless process-this means that the eClosing requires zero paper from any party whatsoever, including documents requiring notarization.

"There's a big difference between 100 percent paperless eClosings, and semi-paperless eClosings when it comes to quality, speed, security and efficiency," stated Dominic Iannitti, president and CEO of DocMagic. "Together, DocMagic and our partner World Wide Notary provided the most comprehensive, advanced technology solution to enable the safest, highest quality, fastest, most efficient experience-not only for the borrowers, but also for the lender, investor, and every settlement services provider at the closing table."

"This was our first North Carolina eClosing; it is not our last. We want this to become a regular option for lenders and their customers because of the many advantages eClosing offers versus the slower, traditional paper-based system," Secretary of State Elaine F. Marshall said in a statement.

Secretary of State Marshall has been a leading advocate for modernizing traditional business practices in North Carolina to better compete at the national and international levels.

"We're proud to have been selected by the state of North Carolina to participate in this historic event and to work with progressive lenders like North State Bank who are moving the industry forward into a faster, safer and more efficient closing process," said Iannitti. "We're looking forward to further supporting Secretary of State Marshall's efforts to elevate the competitiveness of businesses in North Carolina."

DocMagic's digital mortgage suite includes all the critical components required to execute a 100% paperless eClosing transaction. The single-source platform creates a highly-efficient, transparent and fully compliant eClosing process that guides users through every step, logs all activities and creates an irrefutable audit trail.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, regulatory compliance, eSign, eDelivery and comprehensive eMortgage services for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy.

For more information on DocMagic, visit http://www.docmagic.com/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

DocMagic, Inc., the mortgage industry's leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it completed North Carolina's first 100 percent paperless eClosing. The DocMagic-driven eClosing was completed on Friday, May 5th at North State Bank and was carried out in the presence of borrowers Jason and Karen Boccardi, the North Carolina Secretary of State, a closing paralegal, an eNotary, and members of the media who documented the historical event.