Newswire: Jan. 24, 2018.
Dateline: Torrance, Calif.
This week DocMagic celebrated the 300 millionth mortgage it has processed since its founding 30 years ago.
DocMagic, a founding member of the Electronic Signature & Records Association (Melanie Feliciano, DocMagic’s chief legal officer, is on the board of directors) attributed the milestone to the increased adoption of its eSigning platform. All of DocMagic’s digital platforms, both software-as-a-service and on-site enterprise, report a significant increase in volume, the company said in a statement.
“Borrower demand is driving the increase in e-signings,” Dominic Iannitti, DocMagic’s chief executive, said in a statement, “and lenders are choosing DocMagic to get a consistent, compliant e-signing solution that spans the original (loan estimate) to the final (closing disclosure).”
DocMagic also said its SmartCLOSE and Total eClose technologies also saw widespread increase in demand.
Founded in 1988 as a local mortgage document services company in southern California, DocMagic today provides the most commonly used electronic signature technology in the mortgage and financial services industries.
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