DocMagic – Fintech Chief in Digital Lending
Growth of pioneering interface bridges the hole between important programs
— Dominic Iannitti, president and CEO of DocMagic
TORRANCE, CA, UNITED STATES, June 29, 2023/EINPresswire.com/ — DocMagic, Inc., the chief in fully-compliant mortgage doc era and complete eMortgage companies, at the moment introduced the combination of its modern Complete eClose platform with Finastra’s MortgagebotLOS answer, enabling an enhanced buyer expertise for mortgage debtors.
Dominic Iannitti, president and CEO of DocMagic, mentioned, “We have demonstrated the facility of Complete eClose by our integration with Finastra’s MortgagebotLOS, creating an revolutionary automation instrument for each eClosing originated by the answer. This collaboration not solely saves time and effort, but in addition amplifies secondary market potential, eliminates laborious guide duties, slashes price per mortgage, and streamlines the closing course of.”
By this integration, Finastra MortgagebotLOS lenders achieve entry to DocMagic’s complete suite of eClosing instruments for all loans. Powered by a strong, bi-directional doc stream, monitoring residing inside MortgagebotLOS connects immediately to DocMagic’s Complete eClose.
This seamless integration combines complete eClosing know-how with data-driven origination workflow automation that generates compliant mortgage paperwork, facilitates borrower eSignatures, and permits distant on-line notarizations (RON). Moreover, Complete eClose empowers Finastra customers to effortlessly generate eNotes, set up direct connections with the MERS eRegistry, and securely retailer paperwork in a licensed eVault.
“The combination of Complete eClose into MortgagebotLOS presents new instruments to improve the shopper expertise,” added MaryKay Theriault, director, product administration at Finastra. “We’re thrilled to supply our shoppers the efficiencies and conveniences that this partnership brings. Collectively, we’re setting new business requirements and making the mortgage closing course of simpler and extra streamlined for debtors throughout america.”
Finastra’s MortgagebotLOS is a feature-rich, end-to-end, web-based mortgage lending platform that helps retail, wholesale, and correspondent enterprise channels. Well known for streamlining the origination course of and decreasing working prices, MortgagebotLOS is trusted by over 1,400 shoppers nationwide to speed up mortgage lending.
DocMagic’s extremely acclaimed Complete eClose answer has developed the mortgage closing course of by offering a safe, streamlined, and absolutely paperless digital setting delivered as an all-in-one software. The system automates important duties, from doc era to eClosing and eNotarization, guaranteeing a superior person expertise for debtors and different contributors.
About DocMagic:
DocMagic, Inc. is the main supplier of fully-compliant doc era, automated compliance, eSignature, and complete eMortgage options for the mortgage business. Based in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software program, cell apps, and web-based programs for the manufacturing and supply of compliant mortgage doc packages. The corporate’s options join business contributors, promote collaboration, and guarantee knowledge integrity to execute precision-based digital lending transactions. The corporate’s compliance specialists and in-house authorized employees persistently monitor authorized and regulatory adjustments at each the federal and state ranges to guarantee accuracy. For extra data on DocMagic, go to https://www.docmagic.com/.
About Finastra:
Finastra is a worldwide supplier of economic software program functions and marketplaces, and launched the main open platform for innovation, FusionFabric.cloud, in 2017. It serves establishments of all sizes, offering award-winning software program options and companies throughout Lending, Funds, Treasury & Capital Markets and Common Banking (Retail, Digital and Business Banking) for banks to help direct banking relationships and develop by oblique channels, akin to embedded finance and Banking as a Service. Its pioneering strategy and dedication to open finance and collaboration is why it’s trusted by ~8,100 establishments, together with 84 of the world’s prime 100 banks. For extra data, go to finastra.com.
Media Contacts:
Joe Bowerbank
Profundity Communications Inc., for DocMagic
949.378.9685
jbowerbank@profunditymarketing.com
James McKenna
Finastra
Senior PR Supervisor, Americas
845.546.2745
james.mckenna@finastra.com
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Joe Bowerbank
Profundity Communications, Inc.
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Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
