DocMagic, Inc.

COMPANY FOUNDED: 1988
DocMagicLogo.png
www.docmagic.com


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Who We are



DocMagic is the leading provider of eSign, eDelivery, eVault and eClosing solutions for the mortgage industry, integrating all the necessary components of a seamless, end-to-end, eMortgage. Our collaborative closing portal offers automated TRID compliance, digital document generation and delivery. Our compliance team consistently monitors regulatory changes to ensure accuracy.  

SmartCLOSE™ is a collaborative closing portal that features a secure environment where lenders and settlement service providers can share, validate, audit, track and collaborate on documents, data, and fees — all in real time.


Questions for DocMagic, Inc.:




What Makes Your Product Great?



SmartCLOSE™ is a collaborative closing portal that features a secure environment where lenders and settlement service providers can share, validate, audit, track and collaborate on documents, data, and fees — all in real time.  Each party is using the same data at any given time which prevents the inaccuracies, omissions and compliance risks that arise when lenders and settlement service providers rely on manual, paper-based processes to share and deliver information.

In short, SmartCLOSE™ consolidates a multi-step, time consuming and risk-prone manual process into a secure, streamlined one-stop shop with integrated eDelivery of borrower and seller closing disclosures, integrated instant messaging and chat capabilities, automated event and audit logging, and continuous compliance and TRID tolerance monitoring.


What Key Challenge Does It Solve?



Traditionally, communication between lenders and settlement service providers has been fragmented, with information being exchanged among numerous disparate parties via various manual methods like faxes, phone calls and emails. Due to the sheer number of people involved, and frequency of information changes, this process has traditionally required numerous back-and-forth, often overlapping, communications. As a result, the process held an inherent risk of security breaches, errors and delayed or missing information, leading to a high rate of delays, errors and post-closing issues. 

SmartCLOSE™ solves these issues by providing a secure portal where lenders and settlement service providers can not only share, validate, audit, track and collaborate on documents, data and fees in real-time, but can also electronically deliver the closing disclosure to the borrower while submitting the resulting UCD file, containing both borrower and seller data, to the GSE of their choice.   


Best Success Story?



Archwell Solutions, LLC searched for collaborative portal to coordinate fees, audit and share data and documents in real time prior to closing.

They chose DocMagic's SmartCLOSE™ collaborative closing solution because "it had the cleanest functionality and delivered a great user experience" says James Luisi, CIO/CTO. The continuous compliance and TRID tolerance monitoring was key, and ultimately the SmartCLOSE™ platform expands into other offerings. SmartCLOSE™ offers cutting-edge, intuitive and process-friendly design that stands among the competition.


What Is Your Company Or Product Mantra, In 5 Words Or Less?



Synchronize your mortgage process.


Presenters



Tanya Brennan, eService Product Specialist, DocMagic, Inc
Michael Morford, Director of Product Development, DocMagic, Inc

Key Executives



Dominic Iannitti, President & CEO
Gavin T. Ales, Chief Compliance Officer
Melanie Feliciano, Chief Legal Officer

Key Investors



DocMagic is a privately held company.

Key Customers/Clients



North State Bank, RanLife, Bank of New York, Mid-America, Texas Capital Bank