DocMagic Inc., a provider of loan document preparation, compliance and ‘e-solutions’ to the mortgage industry, says that Mid America Mortgage will utilize DocMagic's Software-as-a-Service (SaaS) compliance and loan document engine alongside its eSignSystems' e-signing, e-notary, e-vaulting, e-registration and e-retention solutions to facilitate end-to-end e-mortgages.
According to DocMagic, this is the first time since the acquisition of eSignSystems in October 2014 that the technologies will be utilized together to achieve a complete e-closing process and validate the company's e-mortgage model.
‘DocMagic's SaaS model compliantly delivers dynamic, intelligent, data-driven loan documents and disclosures with a full e-closing for borrowers. The eSignSystems on-premise platform provides Mid America with internal controls and tools to configure the solution to their specific business processes and the ability to efficiently work with third parties to achieve an e-mortgage,’ says Dominic Iannitti, president and CEO of DocMagic.