DocMagic Inc. has partnered with real estate document collaboration and recording technology provider Simplifile to deliver new process efficiencies that further digitize the closing process, including post-closing automation.
Simplifile is part of ICE Mortgage Services, which applies technology and high-capacity infrastructure to make the mortgage process electronic and more efficient. DocMagic’s Total eClose platform is a single-source platform that eliminates paper and offers advantages over piecemealed tools, the company says.
The integration between Total eClose and Simplifile’s collaboration and post-closing services includes access to Simplifile’s e-eligibility data for e-notarization acceptance. Further, loan closings done through DocMagic’s Total eClose platform can now be automatically routed to the settlement agent thorough Simplifile for electronic closing coordination, thus streamlining access to DocMagic’s Total eClose room for the e-closing.
The “digital lift” continues beyond the closing table, with integrated e-recording with participating counties. Those recorded documents and the title policy are then returned electronically, along with associated recording metadata to the lender.