We're honored to share that we've been recognized by HousingWire as one of the most innovative and impactful mortgage technology firms in the U.S. housing economy again for 2025. We’re one of only a handful of vendors to earn a spot on the coveted list every single year since the Tech 100 program started.

Pat Theodora, our co-founder and CEO, commented, “For 38 years and counting, DocMagic has stayed true to its core mission of reducing clients’ reliance on paper by automating manual tasks while ensuring compliance throughout the mortgage process. DocMagic is honored to again receive recognition for our unrelenting efforts to facilitate adoption of digital mortgages."

DocMagic was an early supporter of the ESIGN Act of 2000, implementing eSignature functionality on all of our loan documents and embracing the industry vision of achieving a true eMortgage. We developed numerous technology breakthroughs, including transformative mortgage technology solutions that accompany hard-driving adoption and educational campaigns.

Throughout 2024, we further deepened AI exploration in various areas of our compliance solutions and digital lending products, with the goal of further minimizing human intervention and maximizing business efficiencies through a digital workforce.

We also added important new features and functionality to our proprietary eNote registry solution, SmartREGISTRY™, which established easier eNote setup for lender clients via direct integration with the MERS^® eRegistry system. This has dramatically simplified and expedited the eNote process for lenders, boosting client adoption of eNotes in 2024 and increasing RON adoption as well.

Our SmartREGISTRY solution works seamlessly with our SmartSAFE^® eVault technology, which also integrates with Total eClose™, our comprehensive, completely paperless eClosing system. Total eClose integrates tightly with contemporary LOS platforms, establishing a streamlined, easy, efficient workflow for lender closing staff.

“The 2025 Tech100 honorees are driving real transformation in mortgage and real estate,” said Sarah Wheeler, Editor-in-Chief at HousingWire. “These companies are not just enhancing processes—they're redefining what’s possible. From streamlining lending operations to elevating the real estate experience, their innovations are paving the way for a more efficient and dynamic housing market.” The full list of 2025 Tech100 Mortgage winners can be found on HousingWire’s website.

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Related Content:

• The essential role of an eVault in today’s digital mortgage landscape (3/29/2024)

• Gaining seamless eClosings through notaries at the Agent’s Lounge (3/01/2024)
  
• DocMagic named 2024 Tech100 Mortgage winner (2/13/2024)
  

 

96 DocMagic

I'm Pat Theodora. 38 years ago I helped found DocMagic, and today, as its leader, I continue to be motivated to drive innovation and efficiency in digitizing the mortgage process for our customers. 

I am even more excited by what I see on the horizon for 2025. And I want to share a little of that with you today.

The fully digital mortgage journey becomes reality

You may not know this, but today the majority of lenders are using eClosing technology. With a platform that supports all segments from origination through delivery to servicing, more than half of all U.S. loans are handled by DocMagic at some point in the process. But currently only 11% of you have made the move to 100% start-to-finish eClosings.*

I truly believe that will change dramatically this year.

Why? Because one of the main things holding many lenders back has been a concern over systems cobbled together with pieces from multiple vendors, each handling just a portion of the process. That can spell trouble.

But now, some providers, including us, are offering comprehensive, end-to-end approaches to fully digital eClosings. This empowers you to get from document origination to final closing, including RON, using a single vendor, avoiding integration glitches and downtime.

We know how great this can be for lenders like you, because our Total eClose™ solution has been providing fully digital, seamless eClosings since 2022. You’ll benefit from increased efficiency, reduced error rates, and faster turnaround times, while borrowers will enjoy a frictionless, user-friendly experience. Better still, the lenders we work with report they’ve enjoyed $400-$600 in savings per closed loan.

If you haven’t explored single-vendor solutions, I highly encourage you to do so now. There are only a few currently available, and in my opinion, Total eClose is the most efficient and effective. That said, we recognize a single-vendor solution is not always viable and understand the need for interoperability. Total eClose is designed to work with all existing documents and providers. You can realize the benefits by utilizing it as the unifying component for all parties.

Artificial intelligence (AI) plays a bigger role

I also believe that a key factor in helping you make the decision to move to fully digital closings is the inclusion of more AI in mortgage processing.

Used correctly, AI can help you make faster, more accurate decisions. AI algorithms offer the potential to quickly analyze your borrower’s data to assess creditworthiness, predict loan performance, and communicate directly with your borrowers and partners to facilitate information gathering. This will ultimately speed up underwriting and reduce risks associated with human error.

At DocMagic, our solutions are already making use of AI at various stages of the process. For example, our AutoPrep™ solution uses AI to instantly identify all signature, initial, and notary areas in any document. As we advance our other solutions in 2025, we’re integrating even more uses of AI to make your eClosing processes even more accurate and efficient. I look forward to sharing more with you soon.

Get to the secondary market more easily and faster

In addition to co-founding DocMagic, I personally spent over four decades on your side of the table. I know how important it was to quickly sell my loans to Fannie Mae, Freddie Mac, or other investors so I would have funds available for the next one. Today, you have the ability to generate eNotes with digital asset certainty and store them in an eVault, like our SmartSAFE™, that provides a secure, auditable, tamper-proof trail.

I am very excited that the secondary market is becoming more and more accepting of doing business digitally. With the faster closings that digital solutions provide and the ability to get your loans to the MERS® eRegistry almost instantaneously, this year promises your loans will get to the secondary market in as little as two days and will be easier to trade.

Overall, this year holds tremendous promise for the mortgage industry. At DocMagic, we’re committed to leading the way in helping you, your borrowers, your title and settlement agents, your notaries, and, of course, your buyers navigate this exciting future. I hope you’ll join us in making fully digital, AI-enhanced mortgage processes the norm, as they’re ushering in a new era for the mortgage industry.

Meet Pat Theodora:

Pat, a cofounder of DocMagic, became CEO in 2024. With deep expertise in mortgage origination, securitization, and servicing, Pat understands every aspect of the loan process from the lender’s perspective. Pat’s 44 years of industry knowledge uniquely positions him to drive DocMagic to provide cutting-edge digital mortgage solutions that anticipate and meet the evolving needs of the market. Learn more about me.

 

*Angel Hernandez, TheMortgagePoint.com, eClosings as a Solution … Not the Problem. April 17, 2024.

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Related Content:

• The essential role of an eVault in today’s digital mortgage landscape (3/29/2024)

• Gaining seamless eClosings through notaries at the Agent’s Lounge (3/01/2024)
  
• DocMagic named 2024 Tech100 Mortgage winner (2/13/2024)
  

 

96 DocMagic

96 DocMagic

We are proud to announce that our Director of Product Development, Michael Morford, has been named to HousingWire’s Tech Trendsetters list for 2024. Now in its sixth year, HousingWire’s Tech Trendsetters award program honors the most impactful and innovative technology leaders serving the housing economy. This year, 75 standouts were selected for the prestigious accolade.

“Michael is a major technology innovator in the digital mortgage industry; his contributions are changing the way lenders nationwide do business,” remarked our CEO and co-founder, Pat Theodora. "He constantly drives the development of DocMagic's groundbreaking digital mortgage solutions that have benefited the entire industry. We are delighted that HousingWire has recognized his contributions as a Tech Trendsetter honoree."

Michael has focused on accelerating eClose adoption, breaking down barriers through DocMagic’s Total eClose™ platform, which provides a standard workflow for all types of eClosings. His leadership in the development of DocMagic’s remote online notarization (RON) solution was invaluable during the pandemic, delivering enhanced convenience and security for both lenders and borrowers.

Building on this success, he further advanced the platform by introducing the patent-pending AutoPrep™ technology. AutoPrep improves settlement agent participation by automatically detecting signature lines and e-enabling the title documents for presentation and execution in the eClosing event, without the need for manual tagging. Customers implementing DocMagic’s Total eClose™ platform have achieved significant cost and time savings per loan.

Michael additionally led the transition from traditional data exchange methods to a web services model, enabling real-time integration with loan origination systems (LOS). This transformation reduced document processing time and embedded automated regulatory compliance into workflows, significantly enhancing efficiency.

As a champion of MISMO^® specifications, Michael has driven industry-wide standardization and implemented critical data services like the Uniform Closing Dataset, Uniform Loan Delivery Dataset, and Investor eQC. These innovations streamline electronic loan delivery to downstream stakeholders, improving client outcomes and driving efficiency throughout the mortgage process.

“I am truly honored to receive HousingWire’s Trendsetters award,” said Michael. “At DocMagic, we are constantly looking for ways to improve the loan origination process with innovative eMortgage technologies. I am excited to be a part of the team working to maintain DocMagic’s position as a leader in the industry for years to come.”

Michael’s work has driven more lenders to electronic workflows from application to eClosings, expanding adoption across the industry. This aligns with the company-wide mission to digitize the mortgage process. His expertise keeps DocMagic ahead of industry trends, positioning the company as a key driver in the evolution of digital mortgages and eClosings.

“The 2024 Tech Trendsetters represent a group of truly innovative leaders who are pushing the boundaries of what’s possible in mortgage and real estate,” said HousingWire Editor-in-Chief Sarah Wheeler. “Their impact is reshaping both industries, and their forward-thinking solutions are setting new standards for how technology can drive growth and success in today’s evolving market.”

The 2024 HousingWire Tech Trendsetters were selected by HousingWire’s selection committee based on their vital and dynamic contributions to their organizations and to the housing industry.

HousingWire’s 2024 Tech Trendsetters include the top product and technology leaders who have been essential in bringing innovative tech solutions to market for mortgage and real estate clients. Tech Trendsetters highlights individuals who are developing cutting-edge technology and leading innovation for their industries.

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Related Content:

• The essential role of an eVault in today’s digital mortgage landscape (3/29/2024)

• Gaining seamless eClosings through notaries at the Agent’s Lounge (3/01/2024)
  
• DocMagic named 2024 Tech100 Mortgage winner (2/13/2024)
  

 

96 DocMagic

96 DocMagic

96 DocMagic

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