DocMagic, a provider of compliant loan document generation, automated regulatory compliance and eMortgage services, and Vesta, a new mortgage loan origination system (LOS) and software-as-a-service (SaaS) company, have joined forces to enhance efficiency in digital workflows for mortgage origination and closing processes.
Through this partnership the companies will be able to provide automated document generation and automated regulatory compliance during the mortgage origination and closing process.
“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,” says Dominic Iannitti, president and CEO of DocMagic, in a release. “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.