In The News

DocMagic And Finastra Collaborate To Transform Mortgage Closings

DocMagic, Inc., a provider of fully-compliant loan document generation and eMortgage services, has integrated its Total eClose platform with Finastra’s MortgagebotLOS solution, enabling an enhanced customer experience for mortgage borrowers.

Dominic Iannitti, president and CEO of DocMagic, said, “We’ve demonstrated the power of Total eClose through our integration with Finastra’s MortgagebotLOS, creating an innovative automation tool for every eClosing originated through the solution. This collaboration not only saves time and effort, but also amplifies secondary market potential, eliminates laborious manual tasks, slashes cost per loan, and streamlines the closing process.”

Through this integration, Finastra MortgagebotLOS lenders gain access to DocMagic’s comprehensive suite of eClosing tools for all loans. Powered by a robust, bi-directional document flow, tracking residing within MortgagebotLOS connects instantly to DocMagic’s Total eClose.

This seamless integration combines comprehensive eClosing technology with data-driven origination workflow automation that generates compliant loan documents, facilitates borrower eSignatures, and enables remote online notarizations (RON). Additionally, Total eClose empowers Finastra users to effortlessly generate eNotes, establish direct connections with the MERS eRegistry, and securely store documents in a certified eVault.

“The integration of Total eClose into MortgagebotLOS offers new tools to enhance the customer experience,” added MaryKay Theriault, director, product management at Finastra. “We’re thrilled to offer our clients the efficiencies and conveniences that this partnership brings. Together, we’re setting new industry standards and making the mortgage closing process easier and more streamlined for borrowers across the United States.”

Finastra’s MortgagebotLOS is a feature-rich, end-to-end, web-based mortgage lending platform that supports retail, wholesale, and correspondent business channels. Widely recognized for streamlining the origination process and reducing operating costs, MortgagebotLOS is trusted by over 1,400 clients nationwide to accelerate mortgage lending.

DocMagic’s highly acclaimed Total eClose solution has evolved the mortgage closing process by providing a secure, streamlined, and fully paperless digital environment delivered as an all-in-one application. The system automates essential tasks, from document generation to eClosing and eNotarization, ensuring a superior user experience for borrowers and other participants.