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Mortgage Banker Magazine taps DocMagic CEO with Legends of Lending Award

DocMagic’s president and CEO, Dominic Iannitti, has been selected by Mortgage Banker magazine as a 2022 Legends of Lending award recipient.

DocMagic’s president and CEO, Dominic Iannitti, has been selected by Mortgage Banker magazine as a 2022 Legends of Lending award recipient. The Legends of Lending award evaluates the most talented and ambitious individuals in the mortgage industry with longtime industry contributions. The inaugural class is comprised of executives who have made an extraordinary impact over the course of their careers and highlights each winner on a personal level.

Nominees were evaluated based on the significant contributions they have made to the industry along with significant accomplishments and leadership characteristics.

 “I am truly honored to win an award that acknowledges the achievements of industry leaders throughout their careers, and I thank the judges at Mortgage Banker magazine for the time they took to review the many nominations received,” stated Iannitti. “There is something truly special about being recognized for making a difference across an entire industry. I humbly accept this distinguished award and congratulate each of this year’s winners.”

Dominic_Iannitti_450Mr. Iannitti founded DocMagic in 1987 and has since grown the company into one of the industry’s most dominant fintech providers. Under Iannitti’s leadership, the award-winning software firm has developed high-impact digital mortgage solutions that lead the industry in innovation and early adoption. He is committed to digitizing critical areas of the mortgage process and has created many of the solutions required to facilitate an end-to-end paperless eMortgage.

DocMagic’s ongoing success is, in part, attributed to Dominic’s long-term vision, passion for innovation, and nimble leadership style. He has helped tackle some of the industry’s most pressing problems, bringing all of the necessary members of the supply chain together to collaborate on issues and arrive at solutions.

Iannitti has earned over 100 awards and accolades over the course of his mortgage career. He is a well-known figure in the industry and has a reputation for his unwavering dedication and energy to moving the industry forward through creativity and digitization.

The complete list of Mortgage Banker magazine’s inaugural Legends of Lending class can be found by accessing the digital edition, which includes a one-on-one Q&A interview with each winner: https://nationalmortgageprofessional.com/magazine/mortgage-banker-magazine/legends-lending/digital-edition

 

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DocMagic’s Chief Compliance Officer, Gavin T. Ales, named Next Gen Leader

Gavin T. Ales, DocMagic’s chief compliance officer, has been named a Next Gen Leader for 2022 by PROGRESS in Lending.

The NextGen Leader award highlights rising visionaries and thought leaders that have been in the mortgage industry for 15 years or less. PROGRESS in Lending selects winners from a wide range of mortgage professionals with diverse skill sets that have one commonality: helping their companies make a difference for the good of the industry. Award winners are creative, out-of-the-box thinkers who go beyond what’s expected, and consistently offer bold new ideas.

Gavin is an expert in mortgage banking compliance, federal and state regulatory compliance, financial services law, real estate law, and consumer credit law, among other focuses. He has a rich background working on both the lender and vendor side of compliance. Gavin routinely collaborates with lenders, GSEs, investors, servicers, warehouse lenders, settlement providers, technology partners, and other relevant entities on industry compliance matters.

As chief compliance officer at DocMagic, Gavin oversees the company’s compliance services to ensure that all of DocMagic’s technology solutions are fully compliant with changing rules and regulations. He regularly spearheads large, high-impact compliance projects and has led clients as well as additional members of the mortgage supply chain through some of the most challenging compliance initiatives. Prior to DocMagic, Gavin spent seven years at Prospect Mortgage serving in multiple roles, climbing to the position of deputy chief compliance officer.

“I am honored to receive this recognition from PROGRESS in Lending, which is a reflection of not only my efforts, but also the hard work and dedication of my team to ensure that lenders utilizing DocMagic’s robust solution suite are always compliant with regulatory requirements and guidelines,” commented Ales. “At DocMagic, our focus on innovation and staying ahead of ‘what’s next,’ enables our clients to proactively plan and gain peace of mind vs. merely reacting to the ever-evolving nature of regulatory change.”

The complete list of Next Gen winners for 2022 can be found on PROGRESS in Lending’s website.

 

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DocMagic’s Leah Sommerville Recognized with 2022 Trailblazer Award

Leah Sommerville, a senior account executive on DocMagic’s eClosing team, has been honored by PROGRESS in Lending as a 2022 Sales & Marketing Trailblazer. The award recognizes sales, marketing and public relations executives that are blazing trails in the mortgage industry.

PROGRESS in Lending states that leading salespeople are consistently adding revenue to the topline for their organizations, working tirelessly to ensure that their companies and clients are successful and in the limelight. However, they themselves don’t always get recognized. Currently in its fourth year, PROGRESS in Lending’s Trailblazer award seeks to applaud industry standouts in this field.

Leah Sommerville of DocMagic has become an integral part of its eClosing team. Over the years, she has played a role in helping lenders make the switch to digitizing their lending processes with the implementation of eClosing, eNotarization, eNote and eVault technology. She has been successful in helping lenders transform their business models with DocMagic’s suite of digital mortgage automation solutions.

“I am truly honored to be named to this all-star list of peers in my field who are doing great things for their companies on the revenue producing and awareness creation front,” stated Sommerville. “It has been an exciting time at DocMagic introducing lenders to the immense value our Total eClose™ platform delivers and I am excited to be recognized by the judges at PROGRESS in Lending.”

During the last few years, Leah has made significant inroads introducing DocMagic’s comprehensive Total eClose™ platform and ancillary solutions. She works closely with direct lenders, warehouse lenders, investors, settlement providers, notaries, and other lending entities to automate the closing process ---ultimately benefiting the entire mortgage supply chain. Leah’s efforts don’t stop with sales; she also works to create awareness, participating as a speaker on many webinars and discussion groups throughout the year to educate lenders on the value of digitizing the mortgage process.

The complete list of PROGRESS in Lending’s class of 2022 Trailblazers is showcased on its website: https://mymortgagemindset.com/the-2022-trailblazers-award-winners-are/.

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PROGRESS in Lending Names DocMagic’s Director of Client Services to 2022 Most Powerful Women in Fintech List

TORRANCE, Calif., May 19, 2022DocMagic, Inc., the premier provider of fully-compliant loan document generation, regulatory compliance, and comprehensive eMortgage services, announced that its director of client services, Lori Johnson, has been recognized by PROGRESS in Lending Association as a leading female technology professional in the mortgage industry.

Now in its fourth year, the Most Powerful Women in Fintech award lauds those who play a pivotal role in leading the way and reshaping how the mortgage industry thinks.

Lori Johnson has a rich background in the mortgage industry working for technology start-ups and growth focused companies. She joined DocMagic in 2014 after helping facilitate the acquisition of Document Express by DocMagic. The entire customer base was successfully migrated over to DocMagic’s dynamic document generation platform.

Today she serves as the director of client services for DocMagic. Lori has been instrumental in helping lender clients realize the benefits of digital lending automation, eClosings, eNotes, eVaults, and the importance of system-to-system interoperability as the mortgage ecosystem expands.

“Lori has and continues to serve as an invaluable asset to our customers and company,” remarked, Dominic Iannitti, president and CEO of DocMagic. “Her solution-oriented approach and hands-on style to clients embody the way DocMagic does business. We commend Lori for her ongoing industry contributions and are elated that PROGRESS in Lending recognized her successes.”

At DocMagic, Lori leads the company’s team to onboard lenders with its Total eClose platform and supporting technologies. She collaborates with lenders and third-party vendors to optimize workflows and maximize ROI. Lori is committed to innovation and perfection, always seeking the most effective way to harness technology.

“I am honored to be acknowledged by PROGRESS in Lending on this year’s list along with other women who are moving the industry and their companies forward,” stated Johnson. “There are many advances being made with digital lending technologies right now. It is exciting to see so many women playing key roles in helping expand the digital mortgage ecosystem for the good of the industry.”

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HousingWire Names DocMagic One of the Top 100 Most Innovative Mortgage Companies for 2022

DocMagic earned a spot on HousingWire’s coveted 2022 Tech100 list for the ninth straight year. The publisher’s Tech100 list includes the most innovative and impactful organizations in the industry today.

“This year’s list of Tech100 honorees proves once again that innovation within housing is vital in differentiating the organizations who will thrive and those who will be left behind,” said Clayton Collins,

CEO of HW Media. “This list spotlights the innovators that are making the housing sector better and more sustainable by increasing efficiency, improving user and borrower experiences and bringing elasticity and improvements to age-old processes.”

Over the course of 2021, DocMagic launched several new solutions designed to improve the borrower experience and make back-office staff more efficient. One of those solutions was eSign 3.0, a redesigned user interface that dramatically enhances the borrower experience. eSign 3.0 also offers lenders and settlement providers new features that help them more easily initiate remote online notarizations (RON) to enable fully paperless eClosings via its Total eClose™ platform.

2021 also saw the launch of DocMagic’s eDecision™ tool, which instantly determines e-eligibility and provides the most beneficial level of eClosing that a lender can offer borrowers. The automatic decisioning process begins as soon as the first set of disclosures is generated and continues to perform e-eligibility checks throughout the process.

In addition, DocMagic recently introduced AutoPrep™, a solution that applies AI, OCR and machine learning technology to instantly e-enable third-party documents, streamlining electronic document execution within its award-winning Total eClose™ platform. AutoPrep has been gaining steady adoption since being launched in 2020.

“We’re always innovating and enhancing our solutions to maximize customer success as our digital lending ecosystem advances,” said Dominic Iannitti, president and CEO at DocMagic.

DocMagic was the first vendor in the mortgage industry to launch a fully paperless eClosing solution, complete with remote notary capability. Total eClose was officially introduced in 2014 and has since become award-winning technology with widespread industry adoption.

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DocMagic’s Michael Morford recognized with 2021 Tech Thought Leader Award

DocMagic’s Director of Product Development, Michael Morford was selected as a 2021 Tech Thought Leader by PROGRESS in Lending Association.

 The association says it developed the annual award to identify industry leaders who are out-of-the-box, solution-oriented technology thought leaders that are helping to address industry-wide issues and challenges.Thought Leader Award-MICHAEL MORFORD-1

Morford has more than 23 years of industry experience; 17 of those with DocMagic. He joined the company as the Integration Services Manager where he oversaw the development of interfaces with a multitude of third-party software providers. Now serving as Director of Product Development, Morford is directly responsible for DocMagic’s portfolio of solutions and services.

“I am elated to be honored with PROGRESS in Lending’s Tech Thought Leader award,” said Morford. “We’re always innovating at DocMagic and driving the industry to leverage leading-edge technology to gain newfound efficiencies that ultimately benefit our lender clients and their customers.”

As lead coordinator for the design, development and implementation of DocMagic’s web-based suite of digital lending solutions, Morford is at the forefront of innovating and enhancing software applications. He has seen the industry’s drive to adopt eMortgages steadily grow over the years, and in the last five years, he has helped DocMagic develop highly effective solutions while operating in a very fast-paced, dynamic, and constantly changing mortgage market.  

Morford regularly sits on industry technology-based panel sessions, serves as a thought leader in the mortgage media, and attends key conferences to share his ideas and help move the industry forward.

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DocMagic's Lori Johnson wins 2021 Elite Women in Mortgage Award

DocMagic’s Director of Client Services, Lori Johnson, was recently given the 2021 Elite Women in Mortgage award from Mortgage Professional America (MPA).

Now in its fifth year, MPA created the award to recognize the exceptional work of women whose efforts and contributions are paving the way for future generations.LoriJohnson_horizontal

Johnson is credited with helping DocMagic’s lender clients achieve a huge uptick in growth – via eClosing technology. The remote implementation model she oversaw during the pandemic was wildly successful in helping lender-clients to go live without disruption to operations. Johnson accomplished this by transitioning her entire team virtually overnight to a work-from-home (WFH) environment where they were able to execute tasks just as effectively as when they were at DocMagic’s headquarters.

“Being recognized alongside other accomplished females that are doing exceptional things for the industry is a huge honor for me,” stated Johnson. “For years, the outstanding team I work with at DocMagic has been moving mountains to help lenders, settlement providers, investors, and other relevant parties automate manual workflows and remove paper from antiquated processes.”

Johnson works tirelessly to ensure that complex and precision-based eClosing and digital mortgage technology implementations are executed flawlessly, delivering a level of customer satisfaction that lenders and partners rave about.

Johnson’s efforts helped DocMagic land on the 2021 Inc. 5000 list, with a 67 percent three-year growth rate from 2017 to 2020. 2021 will be another banner year for the company in sales, new client implementations, solution enhancements, seamless integrations, and more.

 

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DocMagic named a 5-Star Mortgage Technology Provider for 2021

DocMagic was recently honored with Mortgage Professional America (MPA) Magazine’s 5-Star Mortgage Technology Provider Award.

MPA’s editors and researchers spoke to lenders and tech specialists across the country, and also considered advancements in innovation, to determine which companies should receive the recognition.

“This may be the year mortgage tech finally breaks through in a big way,” MPA stated.

The award lauds mortgage technology firms that have excelled in their respective fields over the last year, especially with the pandemic ramping up demand for eClosings. DocMagic’s end-to-end Total eClose platform, digital mortgage solutions, eServices and document preparation products were cited as key reasons for receiving the honor.

“Mortgage technology continues to be critical because it’s how lenders differentiate themselves; it’s how they improve their processes and their bottom line,” DocMagic CEO and president Dominic Iannitti told MPA. “Technology enables them to handle a high volume of transactions effectively and not let anything fall through the cracks.”

Even before the pandemic, DocMagic established a dedicated eClosing team “to hand-hold lenders uncomfortable with crossing that chasm to a paperless environment and advising them through that process,” Iannitti said. That kind of support for clients taking on new tech “is where the industry needs to go — and we’re committed to getting it there.”

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DocMagic named to 2021 Inc. 5000 list of fastest-growing companies

DocMagic has earned a spot on this year’s prestigious Inc. 5000 list of fastest-growing private companies in the U.S.

inc-new logo“DocMagic has been a market leader for years, so lenders naturally turn to us first when they want to elevate their processes or need to adapt to new circumstances, and that’s exactly what’s happened since the start of the pandemic,” said Dominic Iannitti, president and CEO of DocMagic. “We’re proud of our market strength, which is demonstrated in our three-year growth rate.”

The Inc. 5000 ranks companies by overall revenue growth over a three-year period. Over the last three years, DocMagic tallied a growth rate of 67%, due in large part to a dramatic increase in lender adoption of its single-source Total eClose solution.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” said Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

In the last 18 months, as lenders faced unprecedented challenges amid the pandemic, they increasingly turned to DocMagic’s digital mortgage advisory services, remote implementation model, and strategic approach to automating new workflows. DocMagic’s subject matter expertise and Total eClose platform helped numerous lenders successfully meet the many demands of a rapidly changing, high-volume market.

“Early on, we invested heavily in R&D to engineer the right blend of digital mortgage and eClosing technologies,” Iannitti said. “DocMagic’s ongoing growth reflects the diligent work and unwavering efforts of our entire company. We’re honored to be named to the 2021 Inc. 5000 list among so many innovative and accomplished companies.”

The first Inc. 5000 list was produced in 1982. Intuit, Dell, LinkedIn, Zillow, Zappos, Microsoft and Patagonia are among the companies that first gained national exposure as honorees on the Inc. 5000.

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DocMagic’s Leah Sommerville wins inaugural NextGen Leader Award

Leah Sommerville, DocMagic’s senior account executive, has been named one of 10 winners of the NextGen Leader Award by PROGRESS in Lending Association. This award is specifically for people who have been in the industry for 10 years or less.

“We need new leaders that are not afraid to step forward and blaze a new trail. We need creativity. We need bold new ideas,” PROGRESS in Lending stated in announcing the award.Leah Sommerville_mug

Sommerville is a member of DocMagic’s eClosing Team, where she has helped numerous lenders form their digital mortgage strategy and implement eClosings. She's no stranger to accolades last year Sommerville was named one of National Mortgage Professional magazine’s Top 40 Under 40 Most Influential Mortgage Professionals. She's also a respected thought leader in the lending space.

“Being named to this new list of industry professionals who are all striving to make a difference is truly an honor,” she said. “At the end of the day, working for an industry-leading company like DocMagic that is constantly innovating makes it easy to get excited and passionate about introducing digital mortgage solutions to lenders.”

In 2020, DocMagic achieved 128% year-over-year growth and executed the most eClosings in company history, tallying a 724% increase in transactions via its Total eClose platform.

Sommerville has forged numerous partnerships between lenders, settlement agents, attorneys, notaries, investors, warehouse lenders and others in order to further digital mortgage initiatives that benefit the entire supply chain. She has also worked closely with leading loan origination system (LOS) vendors, settlement providers and third-party systems to facilitate automation of the entire eClose process. Her efforts have helped execute thousands of eClosings and increased eClosing adoption among relevant organizations by over 1,000%.

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