Tag Archives: eMortgage

SimpleNexus User Group Announces Finalized SNUG 2021 Agenda, Debut of Inaugural Nexus Awards

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, today announced it has finalized the 2021 SimpleNexus User Group (SNUG) conference agenda with the addition of new speakers and the inaugural Nexus Awards presentation ceremony.

Now in its third year, SimpleNexus' annual SNUG event will be held virtually on February 22-24. Updates to agenda include:

* Mortgage Bankers Association (MBA) Vice President, Industry Analysis Marina Walsh, CMB will lead a 2021 economic forecast session, giving lenders an overview of forces impacting the market and how they will impact mortgage lenders.

* Shane Hartzler, director of eMortgage strategy and solutions at Fannie Mae will join the session "eMortgage and the GSEs" to provide attendees with insight into Fannie Mae's latest technology initiatives and applicable best practices. The panel will be moderated by SimpleNexus' Ben Miller and Shane Westra and feature co-panelist David Burner of Notarize.

* Chuck Walker, vice president, digital alliances and product distribution at Fannie Mae will join the session "Into the Breach: Industry Challenges and Opportunities." The panel will be moderated by SimpleNexus' Ben Miller and feature co-panelists Brett Brumley of Lender Toolkit, Brent Chandler of FormFree and Tammy Louks of Progressive Insurance.

* SimpleNexus will recognize customers and partners in the inaugural Nexus Awards presentation. The four awards to be given are the Captstone award, the Partner award, the Trailblazer award and the Referral award.

"We are excited to add renowned industry experts to the SNUG agenda, including Marina Walsh, CMB of the MBA and Shane Hartzlerg of Fannie Mae," said SimpleNexus VP of Marketing Richard Jackman. "We look forward to delivering a premium, virtual conference experience, packed with sessions that will help our customers achieve breakthrough business results."

SimpleNexus serves a user base of more than 32,000 loan originators, 141,000 real estate agents and 3 million borrowers. To date, the platform has handled over 13 million loans totaling over $3 trillion in volume and touches approximately one in eight home loans originated in the United States.

Tickets and full conference details for SNUG 2021 are available at https://simplenexus.com/sn/snug2021/.

For sponsorship opportunities, contact Courtney Montgomery at cmontgomery@simplenexus.com.

About SimpleNexus, LLC:

SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process. The platforms' native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings - all on the go. SimpleNexus provides borrowers with a single sign-on experience from home search to the application, document upload, eClose and beyond for a more streamlined homeownership journey.

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending

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SimpleNexus, developer of the leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, today announced it has finalized the 2021 SimpleNexus User Group (SNUG) conference agenda with the addition of new speakers and the inaugural Nexus Awards presentation ceremony.

Related link: https://simplenexus.com/

DocMagic and Simplifile Team to Advance eClosing Adoption, eNotarizations, and eRecordings

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced it has partnered with leading real estate document collaboration and recording technology provider Simplifile to deliver new process efficiencies that further digitize the closing process, including post-closing automation. Simplifile is part of ICE Mortgage Services, which applies technology and high-capacity infrastructure to make the mortgage process electronic and more efficient.

DocMagic's Total eClose(TM) platform is a single-source platform that eliminates paper and offers major advantages over piecemealed providers that only address components of the overall eClosing process. The integration between Total eClose and Simplifile's Collaboration and Post Closing services includes access to Simplifile's eEligibility data for eNotarization acceptance.

Further, loan closings done through DocMagic's Total eClose platform can now be automatically routed to the settlement agent thorough Simplifile for electronic closing coordination, thus streamlining access to DocMagic's Total eClose room for the eClosing. The digital lift continues beyond the closing table with integrated eRecording with participating counties. Those recorded documents and the title policy are then returned electronically along with associated recording metadata to the lender.

"This integration further streamlines the post-closing process by extending the eClosing process to include county recordings," stated Dominic Iannitti, president and CEO of DocMagic. "Our partnership with Simplifile provides their vast network of more than 39,000 settlement agents with easy access to DocMagic's Total eClose services."

Using Simplifile, agents can seamlessly connect to all of DocMagic's eClose-enabled lenders in one place to exchange documents, data and closing logistics, thus enabling them to more easily support lenders' eClosing initiatives. In addition, Simplifile provides eClosing support and training to all agents to help drive adoption and success of eClosing efforts.

"Process consistency is key to driving eClosing adoption with lender closing teams and settlement agents, regardless of what percentage of loans qualify to be closed digitally or where individual loans fall on the digital spectrum," said Paul Clifford, president of Simplifile. "The combination of DocMagic's proven eClosing technology and Simplifile's settlement agent network creates a powerful foundation that enables lenders to scale their digital mortgage efforts as jurisdictional and investor requirements allow and capture every drop of efficiency and cost-savings possible."

DocMagic's Total eClose platform, coupled with its dynamic document generation service, establishes a single-source solution that intelligently digitizes documents from initial disclosures through closing documents. STRATMOR Group's 2019 Mortgage Technology Insight Study ranked Total eClose(TM) the eClosing leader based on market share, overall satisfaction and lender loyalty. Further, the survey also ranked the company as having the highest market share in the document generation category.

The integration with Simplifile extends automation of the process through post-closing to ensure final documents, data and fee information are returned to the lender after recording is complete, which provides lenders with greater control over the process.

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 Simplifile:

Simplifile, part of Intercontinental Exchange, is the nation's largest e-recording network, and connects settlement agents and county recorders via its e-recording service. It also offers collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share and track documents, data and fees with ease. To learn more, visit https://simplifile.com or call 800.460.5657.

About Intercontinental Exchange:

Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 6, 2020.

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

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Tickers: NYSE: ICE / NYSE:ICE / NY: ICE

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced it has partnered with leading real estate document collaboration and recording technology provider Simplifile to deliver new process efficiencies that further digitize the closing process.

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

DocMagic Named a Top Mortgage Employer by National Mortgage Professional Magazine for the Fourth Straight Year

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has again been selected by National Mortgage Professional (NMP) magazine as a 'Top Mortgage Employer' for the fourth year in a row.

NMP arrived at the 2020 winners after polling readers regarding their employers, which was based on the following criteria: corporate culture, compensation, day-to-day management, internal communications, organizational agility, employee training, company resources, marketing, business strategy, ingenuity, innovation, technology usage, overall reputation, and industry participation.

The magazine states that based on the above criteria, it weighted the reasons that were the most important to readers, collected nominations and votes, and factored in industry reputation to create the annual list of Top Mortgage Employers.

DocMagic was identified as a mortgage software provider where employees thrive based on being tech-savvy, service-oriented, highly-motivated, and take extreme pride in what they do.

"We are honored to once again be selected as a Top Mortgage Employer for 2020. Our employees are the backbone of what makes DocMagic one of the most innovative, successful, and forward-thinking technology companies in the mortgage industry," stated Dominic Iannitti, president and CEO of DocMagic.

Notable is that DocMagic's Total eClose(tm) platform is the eClosing leader based on market share, overall satisfaction and lender loyalty in STRATMOR Group's 2019 Mortgage Technology Insight Study. A second DocMagic technology, the company's document generation solution, also holds the highest market share in its category. Together, Total eClose and DocMagic's dynamic document generation can provide lenders with 100 percent paperless eClosings. DocMagic continues to innovate, enhance, and deliver leading-edge digital mortgage automation solutions for lending entities of all types and sizes.

NMP is a well-respected, long-time industry source for extensive news coverage spanning mortgages, origination, compliance, secondary marketing, servicing, settlement, technology, trending, and more.

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 www.docmagic.com.

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

Social: @DocMagic #TopMortgageEmployer #eClosingLeader #TotaleClose #MortgageTechnologyInsightStudy #MortgageDocumentGeneration

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has again been selected by National Mortgage Professional (NMP) magazine as a 'Top Mortgage Employer' for the fourth year in a row.

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

Guaranteed Rate Partners with DocMagic to Cut Closing Time

TORRANCE, Calif. /ScoopCloud/ -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that retail mortgage lender Guaranteed Rate can now cut closing time by electronically signing mortgage closing documents in advance.

Guaranteed Rate has branded the solution FlashClose, which allows customers to opt-in, review and complete most documents in advance of the notary arriving, saving an hour or more at the closing table - with some averaging a mere 10-minute appointment to provide inked signatures.

"Guaranteed Rate is always looking for ways to simplify the process using innovative technology to enhance the customer experience," says Jim Hettinger, executive vice president of operations for Guaranteed Rate. "With the successful launch of FlashClose, powered through our partner DocMagic, this tool adds speed, convenience and accuracy to the closing process."

"Guaranteed Rate is a leader in mortgage technology innovation and collaborating with them on this project has created a solid hybrid eClosing approach that saves a lot of time for both borrowers and closing agents," stated Dominic Iannitti, president and CEO at DocMagic. "The fashion in which Guaranteed Rate is leveraging our technology has resulted in the successful adoption of a sound, compliant, secure hybrid eClosing that is unique to their retail lending business strategy."

Of note is that DocMagic offers a comprehensive eClosing solution called Total eClose(TM) that delivers fully paperless closings from start to finish. DocMagic's proprietary eSign platform is a component of Total eClose and can be accessed and implemented by lenders to help automate the closing process.

For more information about FlashClose, visit https://www.guaranteedrate.com/flashclose.

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/.

About Guaranteed Rate:

Guaranteed Rate is one of the largest retail mortgage lenders in the United States. Headquartered in Chicago, the company has approximately 210 offices across the U.S. and Washington, D.C., and is licensed in all 50 states. Since its founding in 2000, Guaranteed Rate has helped hundreds of thousands of homeowners with home purchase loans and refinances and funded nearly $19 billion in loans in 2017 alone. The company has become the Home Purchase Experts(R) by introducing the world's first Digital Mortgage technology and offering low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Guaranteed Rate won an American Business Award for its Digital Mortgage technology in 2016, ranked No. 1 in Scotsman Guide's Top Mortgage Lenders 2016, was chosen as Top Lender 2016 and 2017 by Chicago Agent magazine, made the Chicago Tribune's Top Workplaces list seven of the past eight years, and was named Best Overall Online Lender and Best Lender for FHA Refinance by NerdWallet in 2018. Visit https://www.guaranteedrate.com/ for more information.

DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that retail mortgage lender Guaranteed Rate can now cut closing time by electronically signing mortgage closing documents in advance.

Mid America Mortgage CEO Jeff Bode to Share eMortgage Insights at Texas MBA and MBA Secondary Conferences

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today that its Owner and CEO Jeff Bode will be sharing his expertise on digital mortgage origination and securitization at two upcoming industry conferences.

First, Bode will take the stage as a panelist at the Texas Mortgage Bankers Association's 102nd Annual Convention in San Antonio on Tuesday, May 1, 2018, at 11 a.m. CDT for a 45-minute session titled, "Digital Mortgage Part II: Digitial Closing Experience."

Bode will offer insight on Mid America's experience as one of the first mortgage lenders to execute full eClosings through its retail and correspondent channels and its consumer-direct platform Click n' Close.

Next, Bode will close out the Mortgage Bankers Association's National Secondary Market Conference in New York on Wednesday, May 23, 2018, at 9:30 a.m. EDT as a panelist for the 30-minute Closing General Session on "Securitizing the Digital Mortgage." In addition to executing eClosings, Mid America Mortgage is the leading industry aggregator for eClosed loans and eNotes.

"The fact that Mid America is among the first in the industry to fully embrace eClosings and eNotes is a point of pride for me, and having the TMBA and MBA extend an opportunity to share the lessons Mid America has learned on its path to going completely digital is truly an honor," Bode said. "Mid America has always been committed to driving innovation as a means to strengthen this industry, and I look forward to continuing those efforts through our participation in these important industry events."

About Mid America Mortgage, Inc.:

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners and are also the nation's leading provider of Section 184 home loans for Native Americans. Learn more at https://www.midamericamortgage.com/.

In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, including its adoption of eClosings eNotes. Click n' Close, the Official Mortgage Provider of NASCAR(R), is Mid America's ultra-secure, digital mortgage approval and closing process that delivers an eight-minute application process, getting home buyers from application to closing within two weeks. With just a few clicks at closing, Click n' Close puts keys in the home buyer's hand in 15 minutes or less. Apply online at https://clicknclose.com.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

Mid America Mortgage, Inc. (Mid America) announced today that its Owner and CEO Jeff Bode will be sharing his expertise on digital mortgage origination and securitization at two upcoming industry conferences. First, Bode will take the stage as a panelist at the Texas Mortgage Bankers Association's 102nd Annual Convention in San Antonio.

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

The Mortgage Collaborative Announces Addition of Notarize to Preferred Partner Network

SAN DIEGO, Calif. /ScoopCloud/ -- The Mortgage Collaborative, the nation's only independent mortgage cooperative, announced a new partnership with Notarize, the nation's first entirely digital mortgage closing and remote notarization provider, adding them to the preferred partner network.

Notarize for Mortgage is the first digital platform to enable an entirely legal and compliant online mortgage closing process. Notarize is closing mortgages online in partnership with major lenders and title underwriters/agencies - enabling borrowers to close online whenever and wherever they choose. Verified by Fannie Mae and Freddie Mac, the Notarize for Mortgage platform digitizes the entire closing process with technology to securely coordinate lenders, title companies and borrowers online.

Notarize for Mortgage's online closing platform offers borrowers a fundamentally better experience, reduces costs for lenders, accelerates the sale of loans into the secondary market and gives every constituent greater trust and visibility into the validity of mortgage documents.

"eMortgages have been top of mind for Lender Members of The Mortgage Collaborative for a few years now, as evidenced by the constant interest we receive on networking calls and breakout sessions at our member conferences when we cover the subject," said Rich Swerbinsky, executive vice president of national sales and strategic alliances for The Mortgage Collaborative. "The addition of Notarize provides our Lender Members a digitized eMortgage process that is entirely online, paperless and scalable, and will help move the needle on the broad adoption of eMortgage that has largely been stalled due to a need for a digital, online closing experience."

For now, online closings with Notarize are available to borrowers in Washington, Virginia, Illinois and Montana. Notarize plans to expand across the country through their strategic partnerships with title underwriters/agencies and other key ecosystem stakeholders in very short order.

The Mortgage Collaborative network is more than 110 lenders strong, with an aggregate annual origination volume of over $190 billion. The network caters to lenders of all sizes, with a strong mix of independent mortgage brokers and community banks and depositories.

"On the heels of launching Notarize for Mortgage, the first platform to enable a completely online mortgage closing process, we are thrilled to partner with The Mortgage Collaborative to scale online closings across the country," said Pat Kinsel, founder and CEO for Notarize. "While digitizing the mortgage closing can transform a lender's operations and offers borrowers a fundamentally better experience, the transition for lenders requires new tools and new techniques. Beyond our closing platform, Notarize specializes in helping lenders transition their operations to unlock the benefits of a truly paperless, online closing, The Mortgage Collaborative has taken a leading role in understanding and advancing new technologies and we look forward to partnering together to move the industry into the digital age."

About The Mortgage Collaborative:

Based in San Diego, The Mortgage Collaborative was founded in 2013 to empower mortgage lenders across the country with better financial execution, reduced costs, enhanced expertise, improved compliance, and to help its members access the dynamic and changing consumer base in America. The association is managed by its founding members: John Robbins, CMB; David Kittle, CMB; Gary Acosta, CEO of the National Association of Hispanic Real Estate Professionals (NAHREP); and Jim Park, former chair of the Asian Real Estate Association of America (AREAA). Robbins and Kittle are former chairmen of the Mortgage Bankers Association of America (MBA). For more information, visit: http://www.mortgagecollaborative.com/.

About Notarize:

Notarize is the first notary public platform allowing any person or business to get their documents legally notarized online. Notarize is also the first company to enable an entirely online mortgage closing process. Founded in 2015, Notarize has helped tens of thousands of individuals and businesses (on every continent, except Antarctica) get documents digitally notarized. For more information, please visit https://notarize.com/business/mortgage.

The Mortgage Collaborative, the nation's only independent mortgage cooperative, announced a new partnership with Notarize, the nation's first entirely digital mortgage closing and remote notarization provider, adding them to the preferred partner network.

Related link: http://www.mortgagecollaborative.com/

Mid America Mortgage Purchases eNote from First eClosing Transaction in North Carolina

ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. (Mid America) announced today it has purchased the eNote from North Carolina's first eMortgage transaction. The transaction, which was completed entirely electronically on May 5, was a refinance for a property in Winston-Salem and was executed by Hickory-based North State Bank. Upon completion of the closing, Mid America was able to purchase the resulting eNote within one business day after receiving the final loan package.

In a statement issued on May 9, North Carolina Secretary of State Elaine F. Marshall said: "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.... We stand ready to work with all other North Carolina lenders to get them up to speed on this. One thing we all noted during this closing was that even though we tried to make it into a real ceremony -- it was still so fast and easy that we had a hard time not being finished in just a few moments."

"Given Mid America's desire to see full eClosings implemented nationwide, we were happy to play a role in this transaction by serving as the investor for this deal," said Mid America Owner and CEO Jeff Bode.

"We launched our eCorrespondent division with the specific intent of converting emerging mortgage bankers to eClosings and purchasing their eNotes. Having also implemented eClosings in our retail division, we've seen first-hand how eClosings can reduce errors in the closing process, resulting in lower origination costs and more satisfied borrowers. With origination volume expected to decline this year, now is the time for lenders to get on board with eClosings."

"As Secretary Marshall noted, eNotarization is an essential component in moving not just mortgages, but all legal filings, into the digital age," Bode added. "As such, Mid America has been working closely with the Texas Mortgage Bankers Association to move the Texas Remote Notary bill through the state legislature, and we feel confident that eNotarization will soon become legal in the state of Texas."

About Mid America Mortgage, Inc.:

Mid America Mortgage, Inc., Addison, Texas, is a multi-state, full-service mortgage lender serving consumers and mortgage originators through its retail, wholesale and correspondent channels. In operation since 1940, Mid America has thrived by retaining its entrepreneurial spirit and leading the market in innovation, most recently with its adoption of electronic mortgage closings (eClosings) and promissory notes (eNotes). We offer a wide range of residential home loan programs to meet the needs of most home buyers and homeowners, and are also the nation's leading provider of Section 184 home loans for Native Americans.

Mid America is looking for tech-savvy, service-oriented mortgage professionals to join its growing team. We are dedicated to providing our employees with industry-leading tools and technology to deliver a great package of competitive pricing, programs and knowledgeable service. Want to join our team? Visit http://www.midamericacareer.com/.

Additional information about Mid America Mortgage, Inc. can be found on the company's website at http://www.midamericamortgage.com/about/.

Twitter: @midamericamtge

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Mid America Mortgage, Inc. (Mid America) announced today it has purchased the eNote from North Carolina's first eMortgage transaction. The transaction, which was completed entirely electronically on May 5, was a refinance for a property in Winston-Salem and was executed by Hickory-based North State Bank. Upon completion of the closing, Mid America was able to purchase the resulting eNote within one business day after receiving the final loan package.

DocMagic and BeSmartee Integrate, Creating a Fast, Fully Digital Application Process for Borrowers

TORRANCE, Calif. /ScoopCloud/ -- 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.

This integration creates a seamless connection between the two technologies, which fulfill the first two major events in the eMortgage process: online borrower application and electronic delivery of disclosures. Via this integration, DocMagic and BeSmartee are enabling borrowers to complete a loan application and receive disclosures in a matter of minutes, rather than the days or weeks that is typical with manual processes. Once the application is complete, disclosures are automatically created and presented to the borrower for electronic signature, with no additional effort by the lender.

"eMortgages offer better speeds, security, quality and accuracy, which translate to a better borrower experience and more efficient, economical operations for the lender," said Dominic Iannitti, president and CEO of DocMagic. "This integration further escalates those benefits by allowing two great technologies to operate at their peak collaborative performance."

BeSmartee connects borrowers and lenders directly with providers that instantly validates the borrower's income, asset and credit information, such as the IRS, financial institutions, and credit bureaus. The technology's auto-population feature helps borrowers complete the application in a fraction of the time, while its validation feature provides lenders with vetted information for a faster underwriting process.

DocMagic technology saves time by generating a fully-compliant electronic disclosure package based on the borrower's information in a matter of minutes, rather than the days it takes with even the fastest manual processes. That package is then instantly presented to the borrower, who can review and execute the documents on-screen, once again reducing a traditionally days-long process to minutes.

"A true eMortgage uses no paper at all. It's a start-to-finish electronic process that requires collaboration among certain technology providers," said Iannitti. "DocMagic is proud to be the solution that connects not only those technologies, but also all of the entities that use them, to enable a truly electronic process. It's great to partner with progressive companies like BeSmartee who are helping to make eMortgages possible."

"The BeSmartee/DocMagic integration avails a level of speed that the industry hasn't experienced before but that, as more lenders discover its impact on sales and operations, more borrowers will come to expect," states Tim Nguyen, co-founder and CEO of BeSmartee. "Together, we're delivering the type of speed and service that Millennials have come to expect, which is key to securing new business from this coveted group of borrowers."

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/.

About BeSmartee:
BeSmartee develops automated mortgage origination software they private label and license to lenders. By utilizing artificial intelligence, BeSmartee's origination processes enables lenders to take their borrowers from the initial contact into underwriting in 20 minutes with a complete loan application, credit report, income/asset documents, eSigned/eDelivered disclosures and paid appraisal. Founded in 2007, with headquarters in Huntington Beach, Calif., the BeSmartee team has worked on the front and back-end of mortgage originations for over a decade, applying their knowledge to deliver a truly unrivaled user experience, with tools and features catering to the specific needs of lenders and their customers. To learn more, please visit http://www.besmartee.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 an integration with BeSmartee, a leader in mortgage automation technology.