Awards and Honors, Business, Free News Articles

Dominic Iannitti Honored with 2020 Lending Luminary Award by PROGRESS in Lending Association

TORRANCE, Calif. -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that that its president and CEO, Dominic Iannitti, was recognized as a Lending Luminary award winner in the second annual list of honorees. Winners were announced on Oct. 15 at the 10th annual ENGAGE event, which PROGRESS in Lending held virtually this year.

PROGRESS in Lending says a "luminary" is a person who inspires or influences others. The Lending Luminaries list is comprised of business and technology leaders from multiple areas in the industry, including mortgage bankers, a wide array of lending entities, servicers, technology executives, consultants and more. PROGRESS in Lending cites several key accomplishments that Dominic was a part of in the last in the last 12 months to lead DocMagic to success.

In April of this year, Dominic officially launched AutoPrep, a new technology that enables DocMagic's comprehensive Total eClose(TM) platform to accept documents from any source by "e-enabling" them for paperless eClosings. AutoPrep leverages AI, OCR and machine learning technologies to scan and parse documents, locate all signature and notary regions, then electronically tag them for eClosing, thus changing any document into a fully e-enabled document in seconds. This allows lenders to use loan documents produced by virtually any document provider, from standard documents to partially e-enabled documents. Total eClose then handles an end-to-end paperless eClosing process.

Dominic's addition of AutoPrep to accept documents from any source and "e-enable" them for preparation to complete a fully paperless eClose is a significant R&D investment and technology strategy to help more lenders perform comprehensive eClosings.

"I'm a firm believer that these innovations work to establish much-needed interoperability between disparate systems and critical entities within the Digital Mortgage Ecosystem," Dominic told PROGRESS in Lending. "Our goal is for our industry-leading eClosing platform to be completely open, handling documents from all vendors and sources without any manual effort or additional labor required."

In addition, judges at PROGRESS in Lending also recognized Dominic' efforts this year to help clients adapt to the changing business climate throughout the pandemic that required social distancing measures and work-from-home (WFH) orders. DocMagic's Total eClose platform helped lenders immensely in executing mortgage closings electronically --- from within borrowers' homes. And with emergency Remote Online Notarizations (RON) implemented in multiple states to support social distancing mandates and ensure the housing market flourishes, Dominic ensured that DocMagic quickly and effectively responded to clients' urgent need for RON within its Total eClose platform.

PROGRESS in Lending asserts that the mortgage market is currently filled with uncertainty and will remain in flux for some time to come, and a true Lending Luminary effectively handles and navigates constantly changing market conditions. They have been identified as leaders who are ensuring the future success for their companies and the industry as a whole.

A complete list of this year's 2020 Lending Luminary winners can be found on PROGRESS in Lending's website https://mymortgagemindset.com/the-2020-lending-luminary-award-winners-are/.

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, processes, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and data integrity to execute precision-based digital lending transactions. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Social Media: @DocMagic #2020LendingLuminary #DominicIannitti #Total eClose #AutoPrep

Related link: https://www.docmagic.com/

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Awards and Honors, Business, Free News Articles

MReport Magazine Names DocMagic’s Dominic Iannitti a ‘Top 25 Industry Leader and Influencer’

TORRANCE, Calif. -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that MReport magazine has named company president and CEO Dominic Iannitti one of its Top 25 Industry Leaders & Influencers for 2019.

The Top 25 Industry Leader & Influencer list recognizes men and women who are making a positive mark on their teams, peers and those they interface with in the mortgage industry. It highlights the achievements of those who guide by example and think outside the box in ways that are shaping the industry's path forward, while maintaining a personal touch that makes team members feel supported, inspired and recognized.

"Leading by example and providing an inspirational workplace are top priorities for me, so being named to this list is a great honor," remarked Iannitti. "DocMagic is synonymous with innovation, which is one reason we are the first choice for organizations that want the top advancements in the digital mortgage ecosystem. We have great people who are dedicated to making technology advances and supporting our clients, and it's my honor to support them in their quest for excellence in those pursuits."

Iannitti is known among his teams for inspiring creative freedom and out-of-the-box thinking. He helped design DocMagic's Torrance, Calif.-based headquarters to achieve a comfortable, relaxed open workplace that has proven to foster the employee collaboration and consistent technology innovation the company is known for.

"Dominic makes it fun to deliver great service to our customers, partners and vendors. He shows us, through his commitment and dedication, that DocMagic isn't only about products and services - we're about improving people's lives," said Michael Morford, director of product development at DocMagic. "We're lucky to have a CEO who is a natural visionary and who enjoys rolling up his sleeves and delving into the mix."

MReport Editor-in-Chief Rachel Williams, stated, "I would like to congratulate those individuals who made the 'Top 25 Industry Leaders & Influencers' list this year, as well as the leaders who were nominated to this list having earned the loyalty of their team and peers through their subject matter expertise, charisma, or even the way they have gone above and beyond to help their team or company that makes them stand out from the crowd."

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About MReport:
Recognized as the leading source of breaking news and up-to-date information for the housing and mortgage professional, theMReport.com, the counterpart to MReport magazine, covers the latest trends and news creating a buzz in the industry. Providing site visitors with a powerful insider's edge, theMReport.com is firmly positioned as the principal provider of relevant news for the mortgage origination and loan processing business. Online and in print, MReport features expert commentary, industry feedback, and cutting-edge features making it a must-read for mortgage professionals. The company's website is https://themreport.com/

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Awards and Honors, Business, Free News Articles

Dominic Iannitti Named to HousingWire’s 2016 Vanguard Award List for Major Industry Contributions

TORRANCE, Calif. -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that president and CEO, Dominic Iannitti, was honored by HousingWire with its 2016 Vanguard Award, which recognizes top mortgage executives for professional accomplishments and for their positive impact on the industry at-large.

The Vanguard Award list is limited to business unit executives within the housing and mortgage finance spheres, specifically those who stand out as innovators and trailblazers. The bar is set extremely high, so all Vanguard nominees represent the highest caliber and demonstrate substantial industry influence.

"The HW Vanguards continues to impress going into its second year; the winners are second-to-none and this list represents the finest cross section of mortgage talent available," said Jacob Gaffney, HousingWire editor-in-chief.

This was a momentous year for Iannitti. 2016 saw the launch of two industry-altering platforms at DocMagic, and Iannitti's role at the helm of those projects no doubt earned him a spot on the Vanguard list.

In the first half of the year, Iannitti led the charge in rolling out SmartCLOSE(TM), DocMagic's award-winning collaborative closing portal, a solution for TRID compliance that brings lenders, settlement service providers, and other relevant parties together in a secure environment to share, edit, validate, audit, track, and collaborate on documents, data, and fees. Since its launch, SmartCLOSE has gained rapid industry adoption, proving it to be a true game-changer in loan closing today.

Following the launch of SmartCLOSE(TM), Iannitti shifted his focus to DocMagic's single-source Total eClose(TM) solution, where he once again played an integral role in the project's conception and development for the marketplace. The Total eClose(TM) suite contains all of the components needed to facilitate a completely paperless digital closing - from start to finish.

By October of 2016, DocMagic completed the mortgage industry's first comprehensive eClosing for radius financial group, inc. The eClosing included both lender and closing/settlement agent documentation, eNotarization, eWarehousing and eNote acceptance. Unlike other so-called eClosing solutions (often merely hybrids which still require that certain documents be papered out), DocMagic's centralized Total eClose(TM) platform facilitates a truly paperless digital closing, an industry milestone that cannot be underestimated.

"I am very honored and humbled to have been selected by HousingWire's editorial board to appear on this list of esteemed mortgage executives," commented Dominic Iannitti, president and CEO of DocMagic. "This award is absolutely the result of our continual technology innovations and the unwavering commitment and enthusiasm of the exceptional team at DocMagic."

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services for the mortgage banking industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit http://www.docmagic.com/.

About HousingWire:
HousingWire.com is the leading independent source for news, commentary and analysis covering the entire mortgage banking and financial markets. Staffed by a core team of experienced journalists and editors, HousingWire delivers breaking news and opinions on U.S. housing and mortgage finance. HousingWire has a well-developed reputation for delivering today the news other trade outlets will be reporting on tomorrow - and our readers value the information they get from http://www.housingwire.com/ first.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

This news story was published by the Neotrope® News Network - all rights reserved.

Free News Articles

Total eClose Enables Industry’s First Completely Paperless Digital Closing – Start to Finish

TORRANCE, Calif. -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has successfully completed the mortgage industry's first comprehensive eClosing in Massachusetts, which included both lender and closing/settlement agent documentation, for radius financial group, inc.

Unlike other eClosing technologies, DocMagic's Total eClose(TM) solution is a single-source platform that contains all of the components needed to facilitate a completely paperless digital closing. Paramount to achieving the end-to-end eClosing was eNotarization services provided by strategic partner World Wide Notary (WWN). Once the eClosing process begins, documents requiring notary acknowledgment are automatically grouped by the system and electronically executed in the presence of the notary. The entire process takes only minutes and can happen in the comfort of the borrower's home.

"There are a few mortgage technology vendors that have been working to deliver an eClosing for some time now, but they have all fallen short in various ways," said Dominic Iannitti, president and CEO of DocMagic. "Most of these solutions are merely hybrids that require certain documents to be executed on paper and often force lenders to maintain numerous complex integrations. With Total eClose, however, you work with a single vendor, on a single platform, and clients need only access DocMagic or the company's SmartCLOSE(TM) system to seamlessly and compliantly fulfill a paperless closing."

DocMagic's solution includes all of the critical components required to execute a fully digital eClosing transaction: its dynamic eDocument library that features eSignature, eNotary, and MERS eRegistration capabilities, and the system automatically stores all data and documents within a secure eVault designed to make investor eDelivery as simple as a few clicks. The single-source platform creates a highly-efficient, transparent and fully compliant eClosing process that guides users through every step, logs all activities and creates an irrefutable audit trail.

Also key to DocMagic enabling radius' first eClosing was the participation of Santander Bank, which served as the eWarehouse lender. "In addition to having integrated eNotary capability, one of the last remaining obstacles to adoption has been the reluctance of warehouse players to fund eNotes," said Tim Anderson, director of eServices at DocMagic. "We helped test and implement an eWarehouse process to eDeliver acceptance of the eNote to Santander Bank within seconds after the eClosing was completed. This is an industry-altering achievement."

DocMagic maintains detailed evidence of TRID compliance from the original loan application and Loan Estimate (LE) to delivery of the final Closing Disclosure (CD) with data, compliance determinations, calculations and documents all stored within DocMagic's eVault for proof of compliance.

Also notable is that in 2014, the Consumer Financial Protection Bureau (CFPB) selected DocMagic as one of only 12 participants in its eClosing pilot project that was created to explore the benefits of digital mortgage technology for consumers. CFPB Director Richard Cordray determined the pilot to be a success and encouraged lenders to implement an eClosing strategy. Since that time, DocMagic has worked to perfect its end-to-end eClosing solution.

DocMagic's integration with World Wide Notary (WWN) is an exclusive partnership for eNotarizations. Founded in 2003 and based in Vernon, Texas, WWN is the developer of DigaSign, a proven solution that enables efficient, electronic notarizations.

About DocMagic

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

This news story was published by the Neotrope® News Network - all rights reserved.