AWARDS
Check out a few recent awards
2024
TORRANCE, Calif., June 10, 2024—DocMagic, Inc., the premier provider of compliant loan document generation, automated regulatory compliance, and comprehensive eMortgage services, announced that its president and CEO, Dominic Iannitti, has been named one of three 2024 Tech All-Stars by the Mortgage Bankers Association (MBA). Winners were announced at the MBA’s MISMO Summit in San Francisco on June 4. This marks the second time that Iannitti has been honored with the coveted award, previously earning the accolade in 2014.
Awarded annually, the Tech All-Star award is given to a handful of industry leaders who have made outstanding contributions in mortgage technology. This year, the MBA selected only three winners to recognize.
Iannitti was honored for his latest achievements in developing software solutions that facilitate electronic mortgage transactions and the processing of an eMortgage. In 2014, Iannitti earned a Tech All-Star award for his automation of the loan document preparation, management and delivery processes.
The MBA listed Iannitti as a rare second time Tech All-Star winner, citing his pioneering development of a paperless mortgage closing platform coupled with his industrywide mission to encourage user adoption. Since the E-Sign Act of 2000, Iannitti has been laser-focused on removing manual steps from the mortgage process using digital lending tools. In 2014, he launched Total eClose™, the industry’s first 100 percent, end-to-end eClosing system offered by a single-source vendor. In the last 10 years, DocMagic has driven the use of eVaults and eNotes among direct lenders, investors, servicers, warehouse lenders and real estate entities.
“”With DocMagic’s longtime goal to digitize mortgage processes and reduce paper, we constantly push the boundaries of innovation into unchartered territories, serving as a springboard for business process transformation,” stated Iannitti. “I am honored and humbled to receive the prestigious Tech All-Star distinction for a second time in my career. This accolade represents our commitment to developing market-leading digital lending solutions that work to reshape the mortgage industry one groundbreaking solution at a time.”
Iannitti added that there is more work to be done with digital mortgage adoption. The company reported processing over a half billion eSignatures in 2021 followed by significant increases in eNote, eVault and RON adoption in 2022. In addition, Iannitti has continued to strengthen DocMagic’s market share and solution capabilities, including incorporation of Artificial Intelligence. Moving forward, DocMagic has a number of new initiatives and projects in development that are slated to have transformative business impacts on the industry.
Iannitti’s complete Tech All-Star profile can be found in the Mortgage Banking Associations residential mortgage newsletter, MBA NewsLink: https://newslink.mba.org/mba-newslinks/june/mba-newslink-wednesday-june-5-2024/dominic-iannitti-keeping-his-eyes-on-the-e-goal-to-techallstar/
2023
Dominic Iannitti, DocMagic’s president and CEO, was selected for the inaugural group of Best of Finance award winners from Inman News, confirming the wide-reaching effects of our eClosing solutions. Inman News—a leading news source for real estate agents, brokers, executives and technology leaders—established the awards category to honor experts in the mortgage and finance space who innovate within residential real estate.
“I am thrilled and honored to be acknowledged as a mortgage finance leader by Inman News,” said Iannitti. “This award underscores our steadfast dedication to service, innovation, and above all, our customers.” And in a digital age where DocMagic’s powerful solutions are driving the adoption of fully paperless eClosings, that dedication to service is key to success.
About the Best of Finance Award
Inman’s first selected group of Best of Finance award winners, available in full on Inman’s website, is a roster of mortgage and finance experts leading the way in better mortgage and finance services for all. Award recipients were hand selected by Inman’s editorial team—a team experienced in furthering Inman’s mission of sharing innovative and pertinent news about the real estate industry.
Inman shared that the 2023 Best of Finance award recipients were recognized for their commitment to “innovation, service and their immeasurable impact on the residential lending industry.” The CEO of Inman, Emily Paquette, said, “For the first time in Inman history, we are shining a spotlight on the companies and individuals helping to raise the bar for mortgage and financial services. Their dedication to the communities they serve is driving change across our industry.”
The complete list of award winners totaled only 128 recipients out of a large industry that amassed over $2.34 trillion in mortgage originations in 2022 (and that is expected to rebound in 2024). Although 2023 has seen industry revenue decline, flexibility is essential to achieve the rebound that government-sponsored enterprises (GSEs) predict in 2024.
TORRANCE, Calif., March 6, 2023—DocMagic, Inc., the premier provider of fully-compliant loan document generation, regulatory compliance, and comprehensive eMortgage services, announced that it was designated one of the most innovative mortgage technology firms in the U.S. housing economy for 2023 by HousingWire. DocMagic has earned a spot on the coveted list of technology standouts every year since HousingWire began the award program.
Currently in its 11th year, the Tech100 program provides housing professionals with a comprehensive list of the industry’s most innovative and impactful organizations. This list is widely used to identify partners and solutions that effectively address the challenges that mortgage lenders face every day.
“We are thrilled and humbled to receive the 2023 Tech100 award,” said Dominic Iannitti, president and CEO of DocMagic. “This recognition reflects the dedication and hard work of our team in pushing the boundaries of innovation in the mortgage industry. At DocMagic, we are committed to staying at the forefront of technology, and to delivering products and solutions that streamline and simplify the mortgage process for everyone involved. We thank the judges and everyone involved in this award for recognizing our efforts and achievements.”
Since 1987, DocMagic has been on a mission to remove paper from mortgage origination and closing processes to facilitate a better overall lending experience. The company has been successful at digitizing critical areas of loan origination, closings, secondary marketing and servicing transactions. In 2014, DocMagic pioneered the industry’s first single-source eClosing solution, containing all of the functionality required to facilitate a completely paperless mortgage closing.
In the last year, DocMagic has enhanced many of its core solutions to better serve its clients. For example, remote online notary (RON) functionality was integrated into DocMagic’s Total eClose™ platform. DocMagic launched eDecision, the company’s eEligibility tool, which helps identify the specific type of eClosing that can be conducted in a given region prior to closing. These advancements reflect the company’s commitment to staying ahead of the curve in technology, and to providing the most advanced and comprehensive solutions possible.
Each year the Tech100 program has continued to expand, as the demand for technology in housing continues to progress. This was the fourth year the Tech100 program was separated into two groups — Tech100 Mortgage and Tech100 Real Estate — to highlight the innovation and achievements of organizations within both sectors.
“We’re focused on elevating the innovators that are building paths and solutions that enable the largest and most important sector in the U.S. economy to operate efficiently and profitably — the innovators that make housing more accessible and more desirable for the 130 million households that benefit from the stability and economic advantages of homeownership,” said Clayton Collins, CEO of HW Media. “The Tech100 program is the gold standard for organizations in housing who are at the forefront of the kind of innovation that will change the industry forever.”
HousingWire stated that its Tech100 program grows increasingly more competitive each year, and the applicants improve in caliber as the demand for technology in the industry continues to progress.
2022
TORRANCE, Calif., July 14, 2022—DocMagic, Inc., the premier provider of fully-compliant loan document generation, regulatory compliance, and comprehensive eMortgage services, announced that its president and CEO, Dominic Iannitti, has been selected by Mortgage Banker magazine as a 2022 Legends of Lending award recipient. The Legends of Lending award evaluates the most talented, ambitious and legendary individuals in the mortgage industry. The inaugural class is comprised of executives who have made an extraordinary impact on the mortgage industry over the course of their careers and highlights each winner on a personal level.
Mortgage Banker magazine stated that all nominations were reviewed carefully by a panel of judges, arriving at an elite list of 29 winners for the first-time accolade. Nominees were evaluated based on the significant contributions they have made to the mortgage industry along with their accomplishments and leadership characteristics that define them as legends.
“I am truly honored to win an award that acknowledges the achievements of industry leaders throughout their careers, and I thank the judges at Mortgage Banker magazine for the time they took to review the many nominations received,” stated Iannitti. “There is something truly special about being recognized for making a difference across an entire industry. I humbly accept this distinguished award and congratulate each of this year’s winners.”
Mr. Iannitti founded DocMagic in 1987 and has since grown the company into one of the industry’s most dominant fintech providers. Under Iannitti’s leadership, the award-winning software firm has developed high-impact digital mortgage solutions that lead the industry in innovation and early adoption. He is committed to digitizing critical areas of the mortgage process, and has created many of the solutions required to facilitate an end-to-end paperless eMortgage.
DocMagic’s ongoing success is, in part, attributed to Dominic’s long-term vision, passion for innovation, and nimble leadership style. He has helped tackle some of the industry’s most pressing problems, bringing all of the necessary members of the supply chain together to collaborate on issues and arrive at solutions.
Iannitti has earned over 100 awards and accolades over the course of his mortgage career. He is a well-known figure in the industry and has a reputation for his unwavering dedication and energy to always move the industry forward through creativity and digitization.
The complete list of Mortgage Banker magazine’s inaugural Legends of Lending class can be found by accessing the digital edition, which includes a one-on-one Q&A interview with each winner: https://nationalmortgageprofessional.com/magazine/mortgage-banker-magazine/legends-lending/digital-edition
Iannitti won the award for his hands-on development and launch of DocMagic’s SmartCLOSE™ collaborative closing platform, along with the success of its Total eClose™ solution for comprehensive, 100% paperless eClosings. He was also credited with helping drive the early adoption of eSign technology in the mortgage industry in an effort to eliminate the use of paper and create new lending efficiencies. In January of this year, DocMagic hit a company milestone with its proprietary eSign technology, surpassing 300 million electronic signatures.
Iannitti credits winning the Innovation Award to the hard work and dedication of DocMagic’s highly passionate and talented employees.
October Research CEO and Publisher Erica Meyer, who presented the awards, stated: “The October Research Awards are given to those nominated by their colleagues for excellence in leadership, innovation and philanthropy. Over the seven years we have been presenting these awards, the industry has continued to evolve and grow, and there are so many talented individuals who deserve recognition.”
Details on the awards as well as past winner can be found here: https://www.thetitlereport.com/Articles/NS3-Industry-stars-earn-OR-awards-73335.aspx
October Research is the publisher of five premium market intelligence publications, which includes: The Title Report, The Legal Description, Dodd-Frank Update, RESPA News, and Valuation Review.
TORRANCE, Calif., Aug. 25, 2022—DocMagic, Inc., the premier provider of fully-compliant loan document generation, regulatory compliance, and comprehensive eMortgage services, announced that it again made Inc. 5000’s list of fastest-growing private companies for 2022.
Companies on this year’s Inc. 5000 list are ranked according to percentage of revenue growth from 2018 to 2021. DocMagic’s growth rate for this three-year period was 100 percent, earning the company the rank of 4,434 in the financial services category.
“We are honored to have achieved a growth rate that places us on Inc.’s prestigious list of rapidly growing U.S. companies for a second time,” said Dominic Iannitti, president and CEO of DocMagic. “The mortgage banking industry continues to be a highly competitive environment. Making this list in back-to-back years tells us that our digital solutions are putting our growing list of lender-clients in the most efficient, compliant and cost-effective positions possible.”
DocMagic’s award-winning Total eClose™ platform, document generation, automated compliance and targeted digital lending solutions are credited with helping lenders successfully operate in an unprecedentedly high-volume lending landscape.
Inc. magazine stated that the companies on the 2022 Inc. 5000 list have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Notable is that the total revenue among the 5000 companies on the 2022 list was $317.5 billion with 1,178,549 jobs added. Only 945 companies on this year’s list were repeat honorees like DocMagic.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
Complete results of the 2022 Inc. 5000 winners, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
2021
We are pleased to announce that MPA recently honored DocMagic with its ‘5-Star Mortgage Technology Provider Award’ for 2021. To arrive at the 5-Star Provider Award winners, MPA’s editors and researchers spoke to lenders and tech specialists across the country along with advancements in innovation to help determine which companies were worthy of the recognition.
The award lauds those technology firms that have excelled in their respective areas over the last year. DocMagic’s Total eClose platform, digital mortgage solutions, eServices, and document preparation products were cited as key reasons we made the list.
During an MPA interview with DocMagic president and CEO, Dominic Iannitti, he explained how the company established a dedicated e-close team “to hand-hold lenders uncomfortable with crossing that chasm to a paperless environment and advising them through that process,” adding that kind of support for clients taking on new tech “is where the industry needs to go — and we’re committed to getting it there.”
Iannitti also predicts that as things continue to develop, lenders that are really looking at tech as a strategic move are concluding it makes a lot of sense to find a provider who offers “as much of the pie as possible in one fell swoop.”
“This may be the year mortgage tech finally breaks through in a big way — which is why this industry research by Mortgage Professional America is so important,” stated MPA.
DocMagic, Inc., the premier provider of fully-compliant loan document preparation, automated regulatory compliance, and comprehensive eMortgage services, announced that it again earned a spot on HousingWire’s 2021 Tech100 list, which recognizes the most innovative and impactful technology companies in the mortgage industry. DocMagic has made the list each year since HousingWire began the award in 2014.
HousingWire states that the 2021 Tech100 Mortgage winners are helping to revolutionize the mortgage process–from origination to closing, and servicing to secondary markets. They are advanced, forward-thinking companies that play key roles in assisting mortgage entities to deliver outsized growth driven by innovation and impact.
DocMagic had a record year in 2020, achieving 128% year-over-year growth and performing the most eClosing transactions in its history. The company’s award-winning Total eClose™ platform along with its document generation and automated compliance solutions helped lenders successfully operate in an unprecedented high-volume lending landscape. In addition, widespread social distancing and safety concerns resulting from the pandemic drove a spike in demand for DocMagic’s robust eClosing solution suite. After working with hundreds of lending institutions to implement eClosing strategies and solutions, the company concluded 2020 with a 724% increase in eClosings.
“Earning HousingWire’s Tech100 award for the eighth straight year is a testament to the incredibly dedicated team we have here at DocMagic and the passion they hold for continuous innovation,” said Dominic Iannitti, president and CEO of DocMagic. “We are elated to receive this award from HousingWire for digitizing key areas of the mortgage process and creating a superior experience across the supply chain.”
The company’s intelligent document generation technology is at the core of providing critical data that its other solutions leverage—from paperless eClosings, eSignings, remote online notarizations (RON), eNote generation, and secure eVault technology to third-party systems that access DocMagic’s data for compliant digital transactions. DocMagic’s technology empowers lenders to work where they want and how they want by utilizing a comprehensive, single-solution suite designed to make the client experience as simple and intuitive as possible.
For years, DocMagic’s technology has been helping its clients digitize workflows and completely remove the use of paper. This includes intelligent document generation; automated compliance; collaborative closing solutions; sophisticated eClose and eVault technology; Smart DOC eNote generation; e-enablement of third-party documents; and extension of mobile applications that enhance the borrower experience. These solutions positively impact back-office users, compliance staff, originators, real estate agents, notaries, borrowers, and other relevant parties.
“After the uncertainty and unpredictability of last year, we expected a greater adoption of technology. However, these 100 real estate and mortgage companies took digital disruption to a whole new level and propelled a complete digital revolution, leaving a digital legacy that will impact borrowers, clients and companies for years to come,” said Brena Nath, HousingWire’s HW+ Managing Editor. “Knowing what these companies were able to navigate and overcome, we’re excited to announce this year’s list of the most innovative technology companies serving the mortgage and real estate industries.”
2020
DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that that its President and CEO, Dominic Iannitti, was recognized as a Lending Luminary award winner in the second annual list of honorees. Winners were announced on Oct. 15 at the 10th annual ENGAGE event, which PROGRESS in Lending held virtually this year.
PROGRESS in Lending says a “luminary” is a person who inspires or influences others. The Lending Luminaries list is comprised of business and technology leaders from multiple areas in the industry, including mortgage bankers, a wide array of lending entities, servicers, technology executives, consultants and more. PROGRESS in Lending cites several key accomplishments that Dominic was a part of in the last in the last 12 months to lead DocMagic to success.
In April of this year, Dominic officially launched AutoPrep, a new technology that enables DocMagic’s comprehensive Total eClose™ platform to accept documents from any source by “e-enabling” them for paperless eClosings. AutoPrep leverages AI, OCR and machine learning technologies to scan and parse documents, locate all signature and notary regions, then electronically tag them for eClosing, thus changing any document into a fully e-enabled document in seconds. This allows lenders to use loan documents produced by virtually any document provider, from standard documents to partially e-enabled documents. Total eClose then handles an end-to-end paperless eClosing process.
Dominic’s addition of AutoPrep to accept documents from any source and “e-enable” them for preparation to complete a fully paperless eClose is a significant R&D investment and technology strategy to help more lenders perform comprehensive eClosings.
”I’m a firm believer that these innovations work to establish much-needed interoperability between disparate systems and critical entities within the Digital Mortgage Ecosystem,” Dominic told PROGRESS in Lending. “Our goal is for our industry-leading eClosing platform to be completely open, handling documents from all vendors and sources without any manual effort or additional labor required.”
In addition, judges at PROGRESS in Lending also recognized Dominic’ efforts this year to help clients adapt to the changing business climate throughout the pandemic that required social distancing measures and work-from-home (WFH) orders. DocMagic’s Total eClose platform helped lenders immensely in executing mortgage closings electronically. And with emergency Remote Online Notarizations (RON) implemented in multiple states to support social distancing mandates and ensure the housing market flourishes, Dominic ensured that DocMagic quickly and effectively responded to clients’ urgent need for RON within its Total eClose platform.
PROGRESS in Lending asserts that the mortgage market is currently filled with uncertainty and will remain in flux for some time to come, and a true Lending Luminary effectively handles and navigates constantly changing market conditions. They have been identified as leaders who are ensuring the future success for their companies and the industry as a whole.
A complete list of this year’s 2020 Lending Luminary winners can be found on PROGRESS in Lending’s website https://mymortgagemindset.com/the-2020-lending-luminary-award-winners-are/.
2018
DocMagic is excited to report that CEO Dominic Iannitti was recognized with the 2018 ‘Innovation Award’ at October Research’s 14th annual National Settlement Services Summit (NS3). Now in its 7th year, October Research presents three awards for excellence in leadership, innovation, and philanthropy.
Iannitti won the award for his hands-on development and launch of DocMagic’s SmartCLOSE™ collaborative closing platform, along with the success of its Total eClose™ solution for comprehensive, 100% paperless eClosings. He was also credited with helping drive the early adoption of eSign technology in the mortgage industry in an effort to eliminate the use of paper and create new lending efficiencies. In January of this year, DocMagic hit a company milestone with its proprietary eSign technology, surpassing 300 million electronic signatures.
Iannitti credits winning the Innovation Award to the hard work and dedication of DocMagic’s highly passionate and talented employees.
October Research CEO and Publisher Erica Meyer, who presented the awards, stated: “The October Research Awards are given to those nominated by their colleagues for excellence in leadership, innovation and philanthropy. Over the seven years we have been presenting these awards, the industry has continued to evolve and grow, and there are so many talented individuals who deserve recognition.”
Details on the awards as well as past winner can be found here: https://www.thetitlereport.com/Articles/NS3-Industry-stars-earn-OR-awards-73335.aspx
October Research is the publisher of five premium market intelligence publications, which includes: The Title Report, The Legal Description, Dodd-Frank Update, RESPA News, and Valuation Review.
2017
PROGRESS in Lending Association has named the work done by DocMagic a top innovation. As the mortgage industry slowly embraces the Digital Mortgage, DocMagic launched what was dubbed its “Total eClosing solution,” which enables a comprehensive, true 100% paperless eClosing that automates the entire process — from start to finish. Looking back, DocMagic was brought to the forefront of eClosing technology awareness with its participation in the CFPB’s eClosing pilot in 2014. This vendor was 1 of only 12 firms that was invited by the CFPB to participate. If the industry is going to go digital it will need vendors like DocMagic to lead the way. The Total eClose solution includes the seamless incorporation of its eSignature-enabled SMART Documents, a nationwide eNotary network, MERS eRegistry access, eWarehousing, eNotes, a secure eVault, and secure investor eDelivery — all in a single, comprehensive eClosing platform and completely TRID-compliant. There is absolutely no paper involved at any point, at any time.
Click here, for a complete list of winners.
DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it was designated to HousingWire’s HW100™ for the fourth year in a row. DocMagic was recognized for its contributions in loan document preparation, compliance, eSign and eDelivery solutions, which include its Total eClose™ solution for end-to-end eClosings that was launched in Q4 2016.
“It’s rewarding to provide technology that is so respected and revered in our industry, not only by the companies we serve, but also by organizations like HousingWire,” said Dominic Iannitti, president and CEO of DocMagic. “We take our position as an industry leader very seriously. Our innovation is part of our commitment to moving the industry forward. We are honored to once again be named to the HW TECH100 list.”
“The companies that make up the 2017 HW TECH100 are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing, and investment,” said HousingWire Senior Financial Reporter Ben Lane. “These companies aren’t just taking part in the housing industry’s technological revolution; they’re leading it.”
HousingWire states that the mortgage industry is leveraging technology like never before, streamlining processes across the spectrum of lending, servicing, investing and real estate. The combination of regulatory pressure and consumer expectations have set a high standard for efficiency and transparency, requiring a significant investment of time, money and talent to hit the right notes for both.
“The companies in the 2017 HW Tech100 cover the entire mortgage finance spectrum. There’s hardly a corner of our industry that hasn’t been transformed in some way, either by Fintech startups focusing on a specific software need or legacy companies evolving to compete in the new environment,” said HousingWire Magazine Editor Sarah Wheeler. “Now more than ever, these companies are delivering the innovation this industry needs to do its most important job: supporting the American Dream.”
DocMagic, Inc. the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that it was named to National Mortgage Professional magazine’s annual “Top 100 Mortgage Employers” list for 2016.
The award is based on the magazine’s Mortgage Company Employer Score (MECS), which weighs various factors in order to compile the list. A polling of readers is used with the following criteria: corporate culture; compensation; day-to-day management; internal communications; training resources; long-term strategy; innovation; speed; technology; and industry participation.
“We are honored to be recognized by National Mortgage Professional magazine as one of the Top 100 Mortgage Employers in the country to work for,” said Dominic Iannitti, president and CEO of DocMagic, Inc. “Our employees take a great deal of pride in and are very passionate about the innovative products and services we develop and support. DocMagic’s ongoing success is predicated on its greatest asset-our highly valued personnel. This award is the result of their hard work and unwavering commitment to our mission.”
Employees are offered a number of unique benefits that include catered lunches, regular company outings, an onsite gym and game room dubbed the Rabbit Hole, informal and formal breakout rooms, relaxation lounges, ad hoc staff appreciation awards, recreational events, and more. DocMagic’s corporate culture is designed to inspire teamwork, creativity, and synergy.
The company brings personnel together in an open working environment that is conducive to collaboration, intrapreneurship, company building, and out-of-the-box thinking. DocMagic is known for its reputation of treating staff as not just employees but as family; many of them have been with the company since its founding, which speaks volumes.
Notable is that DocMagic’s multi-million dollar facility was recently recognized by the American Institute of Architects with a 2013 AIA Institute Honor Award for Interior Architecture. The twenty-five thousand sq. ft., state-of-the-art company headquarters was developed with the comfort of its employees in mind to operate in an optimal, very unique and collaborative work environment.
2016
Taking a very hands-on approach, DocMagic’s Dominic Iannitti has played an instrumental role in driving the development, testing, and successful rollout of SmartCLOSE, a collaborative closing portal that effectively addresses TRID compliance.
Iannitti, DocMagic’s founder, president and CEO, led the planning and product development process. To help perfect SmartCLOSE, Iannitti worked closely alongside Rich Horn, a former attorney for the Consumer Financial Protection Bureau who led the rule integrating the mortgage disclosures under the Truth in Lending Act and the Real Estate Settlement Procedures Act (TILA-RESPA).
SmartCLOSE brings relevant parties, such as lenders and settlement providers, inside a secure portal to collaborate, share, edit, validate, audit and track documents, data and fees. In June 2015, DocMagic officially opened up testing of SmartCLOSE to its entire client base as well as all of its LOS partners in order to familiarize them with the solution.
A phased approach to testing with clients enabled DocMagic to perfect the solution and officially introduce it to the marketplace in advance of the original Aug. 1 TRID date, which the CFPB later pushed Oct. 3, 2015. Iannitti also led DocMagic’s legal and compliance teams’ efforts to educate and prepare the industry to meet the TRID implementation deadline.
An extensive TRID resource center was developed that industry participants were able to access for knowledge and ask questions. Iannitti also beefed up the company’s support staff and invited clients and partners to freely ask TRID-related questions of any type. The staff answered more than 30,000 calls between June and December to assist in educating clients on the TRID rule.
Iannitti invested a vast amount of time and research and development funds into creating a viable, comprehensive TRID solution to address the major compliance change the industry had to navigate through to become TRID compliant. The solution was heavily marketed and Iannitti drove an all hands on deck approach to address TRID with SmartCLOSE because other TRID solutions were lacking and some were even vaporware. Iannitti also took extensive measures to meet the CFPB’s original Aug. 1 TRID deadline.
In April 2016, DocMagic announced the formal launch of its “Total eClosing Solution” at a party during the Mortgage Bankers Association’s Technology conference in Los Angeles. DocMagic’s solution transforms the entire mortgage process from initial eDisclosure to final eClosing and investor eDelivery.
It seamlessly integrates with DocMagic’s eDocument library, SMARTDoc eNote with eSignature, eNotary, MERS eRegistration, eDelivery and eVault services into a comprehensive end-to-end eClosing solution that delivers substantially faster closings, total data transparency, superior regulatory compliance and maximum process efficiency.
The solution also accompanies eNotarizations to achieve an entirely paperless mortgage lending process. The Total eClosing solution is also seamlessly integrated into DocMagic’s SmartCLOSE collaborative closing portal. Iannitti was closely involved in making DocMagic’s Total eClosing solution a reality, complete with eNotarizations.
DocMagic was one of only a handful of vendors to participate in the CFPB’s eClosing pilot. After the initial pilot concluded, CFPB Director Richard Cordrey determined that eClosings can play a key role in improving the borrower experience, and he urged lenders to start adopting eClosing processes and technology.
DocMagic’s eMortgage solutions have been vetted and approved by Fannie Mae and MERS to support all three eMortgage categories for eVault, eNote and eClosing.
SmartCLOSETM, DocMagic’s collaborative TRID compliant closing portal is a winner of the 2016 Progress in Lending Innovations Award! With a goal to recognize true industry innovation, The Progress in Lending Association Executive Team judged every entry in several important categories; Industry Significance, Overall Uniqueness, Positive Change, Intangible ROI and Hard Savings ROI.
While the TRID compliance frenzy swept the industry there were a large number of Collaborative Closing portals launched in a short time period. Like many technology vendors, DocMagic saw the need for a portal that allows lenders, settlement service providers and others to work in sync inside a secure environment to view, share, update and exchange data prior to closing. That’s just the beginning however, as SmartCLOSE’s industry significance lies in the fact that its functionality moves far beyond the simple back and forth of email communications.
The TRID rule created an atmosphere that demanded a more fluid and constant collaboration between lenders and settlement service providers. This is where DocMagic’s SmartCLOSE portal flexes its overall uniqueness in the marketplace. The collaboration inside SmartCLOSE runs continuous and constant compliance checks throughout the process.Not only is the portal intuitive, its technology provides all participants with proof of compliance every step of the way.
This complete and total focus on compliance is part of the built-in design in all of DocMagic’s technology. SmartCLOSE comes equipped with DocMagic’s industry-proven Compliance System and Audit Engine. Running continuous compliance checks and audits assures that issues are caught early while there is still time to correct for compliant documents throughout the process. The result: positive change can be measured in fewer delays and reduced costs.
SmartCLOSE was designed to help lenders and settlement service providers comply with TRID but the portal’s superior functionality makes it so much more. As a collaborative environment where all key parties are participants in the compliant document process, SmartCLOSE ultimately becomes a workflow and document management tool. With constant audit trails of every change, and time and date stamped records securely housed in one central location, SmartCLOSE’s intangible ROI is evident in how easy it is for all parties to deliver compliant closing documents.
“Feature-rich” and “easy to use” are what users say about the SmartCLOSE collaborative portal. The Hard Savings ROI is easy to see and feel in the workflow between lenders and settlement service providers. Loan Estimate and Closing Disclosures are both handled efficiently and easily by the portal’s workflow, giving lenders and settlement service providers a one-stop shop to prepare and submit compliant documents.
2013
For the 12th consecutive year, DocMagic has been named in Mortgage Technology Magazine’s annual listing of top service providers. This year the 2013 Top 50 Service Providers are featured in a challenging crossword puzzle along with a hint about each company’s history, products and services.
Mortgage Technology Magazine continues to recognize the technology and service members that excelled in four major categories, including: continued advancement of technology and services, viable revenue model and value proposition to customers, exceptional customer service and unique impact on the mortgage industry.
DocMagic is honored to make the 2013 Top 50 Service Providers list. We pride ourselves on maintaining high standards for delivering technology solutions and providing customer service. Thank s to all of our customers for making this award possible. Test your industry savvy by attempting to solve the entire puzzle (see page 21).
DocMagic and architectural firm Rania Alomar win national recognition for new technology center.
TORRANCE, Calif.– DocMagic, Inc., the leading provider of fully-compliant loan document preparation and delivery solutions for the mortgage industry, announced today that its new multi-million dollar facility has been recognized by the American Institute of Architects with a 2013 AIA Institute Honor Award for Interior Architecture. The twenty-five thousand sq.ft., state-of-the-art technology center was designed by Rania Alomar Design & Architecture, West Hollywood, Calif.
This is the profession’s highest recognition of works that exemplify excellence in architecture, interior architecture and urban design. Selected from over 700 total submissions, DocMagic and 27 other recipients located throughout the world will be honored at the AIA 2013 National Convention and Design Exposition in Denver.
“This is a great honor and we are very proud of the new facility,” said Dominic Iannitti, CEO of DocMagic. “We didn’t set out to win an award. We simply wanted the very best facility in the world from which to deliver our equally stellar service. This award is evidence that we have achieved that goal.”
DocMagic and its architects wanted to create a space that played to both the virtual aspects of a company that securely transmits highly sensitive information over global networks and the physical aspects of a firm built on a foundation of professional customer service. The AIA’s jury said, “This objective was achieved, in short, with the unique play of light and careful sculpting of passageways that connect the open work spaces.” And called the new DocMagic facility a “beautiful design (that) creates a powerful and fluid space where light dominates.”
DocMagic customers are invited to visit and tour the award-winning facility at any time.
2011
DocMagic, Inc., the national mortgage industry’s premier provider of document production and compliance technologies, has been recognized by Mortgage Technology magazine as one of the 2011 Top Service Providers. This marks the tenth consecutive year that DocMagic has been named in the publication’s annual listing of top service providers since the award’s inception in 2002.
According to Mortgage Technology, this year’s Top Service Providers excelled in four major categories of continued advancement of technologies and services, viable revenue model and value proposition to customers, exceptional customer service and a unique impact on the mortgage industry.
DocMagic is honored to make the 2011 Top Service Providers list. We thank all of our customers for making this award possible. The full list of Top Service Providers for 2011 may be viewed here.
2010
DocMagic, Inc., the industry’s leading technology provider for compliant mortgage loan document preparation, has been recognized by Mortgage Technology magazine as one of the 2010 Top 50 Service Providers. This marks the ninth consecutive year that DocMagic has been named in the publication’s annual listing of top service providers since the award’s inception in 2002.
DocMagic met the four major criteria of customer satisfaction, functionality, market share and viable revenue model to make the list. According to Mortgage Technology Magazine, the most important criterion is demonstrating functional value to lenders in the industry. In addition, Mortgage Technology magazine reporter Anthony Garritano notes, “This year, more so than in years prior, most of the companies that made it on the list are mainstays with a lot of mortgage experience…more and more lenders are looking for companies with longevity in mortgage.”
DocMagic is honored to make the 2010 Top 50 Service Providers list. We thank all of our customers for making this award possible. The full list of Top 50 Service Providers for 2010 may be viewed here.