Avista Solutions, a provider of Web-based, end-to-end mortgage loan origination software, has integrated the Avista Agile loan origination system (LOS) to DocMagic, a loan document solution produced by Carson, Calif.-based Document Systems Inc.
According to the companies, the integration to DocMagic streamlines the loan document production process for Avista Solutions customers, giving Avista customers access to DocMagic's technology and customer service.
Avista users can leverage DocMagic's eDisclosure feature, which allows lenders to deliver and get receipt confirmations of disclosure documents via e-mail. DocMagic monitors the entire eDisclosure process, notifying lenders when borrowers view their documents and mailing printed copies of the documents to borrowers if they fail to view them electronically within 48 hours. This electronic option saves lenders the time and money required to mail disclosure packages to each new loan applicant, the firms note.
Sources: Avista, Document Systems Inc.