DocMagic And Vesta Integrate To Digitize The Origination And Closing Processes
DocMagic, Inc., a provider of compliant loan document generation, automated regulatory compliance, and comprehensive eMortgage services, has partnered with Vesta, a new mortgage loan origination system (LOS) and software-as-a-service (SaaS) company, to provide shared clients with automated document generation and automated regulatory compliance during the mortgage origination and closing process.
Dominic Iannitti, president and CEO of DocMagic, stated, “DocMagic is thrilled to announce its integration with Vesta’s LOS, which will empower our lender clients with the potent benefits of digital lending automation throughout the entire loan lifecycle. Both of our solutions are thoughtfully designed as SaaS models and were purposefully crafted for exceptional flexibility, customizability, and cost-efficiency. This aligns perfectly with our common objective of minimizing origination and closing costs.”
The companies’ newly integrated systems streamline the mortgage document generation and closing processes, ensuring compliance, and delivering an enhanced customer experience while reducing costs. The flexible APIs DocMagic and Vesta offer allow lenders to integrate tightly with many data points, thus minimizing manual tasks. This results in faster document processing, a paperless process, improved data integrity, and the elimination of errors that could lead to non-compliance. As both companies continue to release next-generation solutions, the partnership will only deepen.
Mike Yu, CEO of Vesta, added, “We are thrilled to be partnering with DocMagic to seamlessly deliver a comprehensive and compliant document generation and eClosing experience. We firmly believe that this integration will not only create a more streamlined origination process but also enhance the overall experience for lenders and borrowers alike.”
Through DocMagic, lender clients using the Vesta LOS will benefit from increased workflow automation and compliance with dynamic state and county-level regulations. Additionally, through Vesta’s LOS, users can seamlessly initiate document generation and automate compliance-intensive tasks. This interface focuses on total workflow automation, creating a smoother and more efficient lending experience for borrowers.
Vesta’s LOS is designed to support digital automation for the entire origination process, catering to lenders of all sizes and enhancing the mortgage financing experience for borrowers. The platform’s no-code workflow creation model and flexible decision-making engine empower lenders to configure their own business logic directly within a user-friendly web application, reducing the need for costly developer resources.
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