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

PROGRESS in Lending Association Honors OpenClose CEO/CTO Jason Regalbuto with 2019 Lending Luminary Award

WEST PALM BEACH, Fla. -- OpenClose®, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Jason Regalbuto, the company's long-time CEO/CTO, was selected as a 2019 'Lending Luminary' by PROGRESS in Lending Association for his concerted work in leading the mortgage industry and his company to major success over the past 12 months.

PROGRESS in Lending defines a luminary as "a person who inspires or influences others." The association says 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.

The Lending Luminaries list is comprised of business and technology leaders ranging from multiple areas in the industry including mortgage bankers, a wide array of lending entities, servicers, technology executives, consultants and more. They have been identified as leaders who are ensuring the future success for their companies and the industry as a whole.

Specifically, Regalbuto was cited by PROGRESS in Lending for helping spearhead a technology undertaking that offers OpenClose's own POS digital mortgage technology, consolidating it with their enterprise consumer direct solution, ConsumerAssist™. The offering enables OpenClose to provide a robust digital mortgage solution starting at the POS with key functions like 1003 capture, VOE, VOI, VOA, and tax returns - with instant validation from first party data sources. Credit is then pulled and the loan seamlessly and swiftly moves to underwriting for automated decisioning within OpenClose's fully browser-based LenderAssist™ LOS.

Furthermore, the offering provides real-time interaction with the borrower throughout the loan fulfillment process. Regalbuto was instrumental in this major technology and business breakthrough to penetrate the digital space, which has disrupted the existing modularized POS technology models.

"I am pleased to be honored by PROGRESS in Lending Association to receive its inaugural Lending Luminary award," said Regalbuto. "We have made great strides developing OpenClose into one of the mortgage industry's leading LOS platforms. To date, we are the only technology vendor proven to offer a comprehensive, purely browser-based LOS with multi-channel capability, along with both front-end digital POS and back-office LOS functionality via a single provider that is successful taking lender customers live. Our competitors are merely copying our marketplace positioning, messaging and value proposition. Imitation is the sincerest form of flattery, as they say. It's a very exciting time to be a part of OpenClose's wildly successful and rapid growth."

Serving as both CEO and CTO for OpenClose, Regalbuto helps shape the company's vision and marketplace positioning, strategic design of its core technology platform, development and enhancements of additional software modules, as well as the on-going development of new products, integrations, and innovative technology initiatives.

Moving forward, Regalbuto says he plans on focusing on incorporating the latest technologies into the existing OpenClose technology stack in order to satisfy multiple types of lender, borrower, and marketplace needs. Sophisticated technologies such as Business Intelligence (BI), Robotic Process Automation (RPA), Artificial Intelligence (AI), Auto-tasking, Mobile App integrations, and more are all on his radar.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist™, is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

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

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