DocMagic explained
DocMagic Inc. |
Type: | Private |
Foundation: | (as Document Systems, Inc.)[1] |
Location: | Torrance, California |
Location Country: | U.S. |
Key People: | Dominic Iannitti (CEO) |
DocMagic, Inc. is an American technology company.[2] [3] [4] The company was founded by its current President and CEO, Dominic Iannitti, in 1987 and is headquartered in Torrance, California, USA.[5] [6] [7] [8] DocMagic is based on a software as a service (SaaS) model; DocMagic's principal product, its Document Generation Solution, is a software which allows users such as banks or mortgage brokers to input variables to generate documents used in the mortgage process.
In 2014, DocMagic acquired eSignSystems, another software as a service company which had offered electronic notarization of documents to its users.[9] [10]
DocMagic has since incorporated these technologies into its own services; by 2018, DocMagic had processed more than 300 million signatures using the eSign service.[11] [12]
DocMagic's facility was designed by Rania Alomar Design & Architecture and was recognized by the American Institute of Architects with a 2013 AIA Institute Honor Award for Interior Architecture.[13]
In July 2020, DocMagic, Inc., has collaborated with Simplifile to introduce modern workflow efficiencies that would further digitize the closing phase, including automation after completion.[14]
Notes and References
- https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=01603692-4021154 "Articles of Incorporation of Document Systems, Inc."
- https://www.housingwire.com/articles/43781-here-are-11-tech-companies-revolutionizing-mortgage-lending "Here are 11 tech companies revolutionizing mortgage lending"
- https://www.ft.com/content/b55df5ca-b6d6-11e8-b3ef-799c8613f4a1 "ICE makes its move in $15tn US mortgage market"
- https://www.housingwire.com/articles/32636-lenda-to-critics-this-is-the-future-of-mortgage-lending "Lenda to critics: This is the future of mortgage lending"
- https://nationalmortgageprofessional.com/news/24645/new-25000-square-foot-docmagic-tech-center-now-online "New 25,000-Square Foot DocMagic Tech Center Now Online"
- https://www.housingwire.com/articles/43438-guaranteed-rate-partners-with-docmagic-cuts-borrower-time-spent-at-closing-table-to-10-minutes "Guaranteed Rate partners with DocMagic, cuts borrower time spent at closing table to 10 minutes"
- http://www.mortgagenewsdaily.com/channels/pipelinepress/10112018-msa-compliance.aspx "Non-QM, Digital, Tech Products; MSA Compliance Webinar; Vendors Raising Money"
- https://www.americanbanker.com/news/what-it-took-to-make-a-fully-paperless-mortgage "What It Took to Make a Fully Paperless Mortgage"
- https://www.mortgagehippo.com/blog/docmagic-integrates-esign-technology-mortgagehippos-digital-lending-platform/ "DocMagic Integrates eSign Technology with MortgageHippo’s Digital Lending Platform "
- https://www.globenewswire.com/news-release/2018/08/06/1547629/0/en/Lenders-One-Announces-Lenders-One-eClosing-by-DocMagic-at-the-Annual-Summer-Conference.html "Lenders One Announces Lenders One eClosing by DocMagic at the Annual Summer Conference"
- https://www.mortgagehippo.com/blog/docmagic-integrates-esign-technology-mortgagehippos-digital-lending-platform/ "DocMagic Integrates eSign Technology with MortgageHippo’s Digital Lending Platform "
- https://www.globenewswire.com/news-release/2018/08/06/1547629/0/en/Lenders-One-Announces-Lenders-One-eClosing-by-DocMagic-at-the-Annual-Summer-Conference.html "Lenders One Announces Lenders One eClosing by DocMagic at the Annual Summer Conference"
- https://www.architectmagazine.com/awards/aia-honor-awards/aia-announces-the-2013-honor-awards-interior-architecture_o "AIA Announces the 2013 Honor Awards: Interior Architecture"
- Web site: 25 July 2020. Docmagic And Simplifile Team On Eclosing Adoption, Enotarizations, And Erecordings. 10 August 2020. nmp.