TORRANCE, Calif., October 16, 2019—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced the launch of its new LoanMagic mobile application. LoanMagic, which is provided free to all DocMagic customers, leverages a powerful backend platform that provides full interoperability with DocMagic solutions, as well as other third party mortgage software.

LoanMagic™ is provided free to customers as part of DocMagic’s strategy to increase adoption of digital lending.

“Bringing mobile functionality to borrowers and enabling lenders to connect with their customers is the end goal of most mobile applications in our industry—but at DocMagic, it is just the beginning,” says Dominic Iannitti, president and CEO of DocMagic. “LoanMagic isn’t an add-on. It’s a fully interoperable technology that fills a critical gap in the digital mortgage process. It is just as powerful as any of our flagship and award-winning technology.”

LoanMagic is an intelligent, intuitive mobile application that provides a quick, easy and transparent way for borrowers to stay fully engaged with their loans—and lenders—throughout the mortgage cycle. Its core functionality includes real-time loan status, document uploads, eSigning, integrated messaging, task management, push notifications and more. LoanMagic leverages DocMagic’s eVault to ensure that every transaction is logged and securely stored, and it uses a “gamified” design that encourages borrower engagement by making the process of fulfilling conditions faster, easier and more entertaining for the borrower.

LoanMagic’s primary differentiator is at its back end, which allows the mobile app to provide an unprecedented level of interoperability with numerous relevant technologies, ranging from DocMagic’s solutions to point-of-sale systems (POS), loan origination systems (LOS), borrower-facing applications, closing solutions, various settlement services technology, document scanning, cloud storage tools and others.

“A truly digital mortgage offers a continuous, fluid experience for everyone. The lender should not be patching holes or bridging gaps,” says Iannitti. “With LoanMagic, there’s no data degradation, no delay, no added steps lenders need to take to make up for the use of a mobile application, like they may have experienced with other mobile applications in the past. LoanMagic feels and acts like an organic part of the technologies it supports. That’s imperative for a truly digital mortgage experience.”

LoanMagic eliminates many of the issues that have traditionally caused delays in the mortgage process. The result is greater transparency and visibility, lower cost to produce loans, assurance of compliance and elimination of surprise issues that create delays at the closing table. DocMagic provides LoanMagic at no additional cost to its customers as part of its mission to increase digital mortgage adoption, broaden collaboration among the numerous disparate entities involved in a mortgage, and advance interoperability between systems across the supply chain.

Learn more about LoanMagic or see a demo by contacting sales@docmagic.com or visiting www.docmagic.com/loanmagic. In addition, DocMagic will offer demonstrations of LoanMagic in booth #407 at the MBA Annual Convention & Expo in Austin, Texas from Oct. 27 - 29.

App opens a pivotal avenue for lenders to capture more market share

With every passing year, consumers rely even more on portable mobile devices for their personal and business activities — this includes obtaining a mortgage. Millennials in particular expect to handle every step of the process  on a phone or tablet, from starting the origination process to checking status, eSigning documents and completing the closing process. DocMagic’s BorrowerMobile app satisfies every aspect of this expectation. 

Because BorrowerMobile integrates with DocMagic’s single-source, comprehensive Total eClose solution, it revolutionizes the lender’s eClosing process into  a seamless, sophisticated and easy digital mortgage experience for not only the borrower, but also the lender and closing agents. Lenders who use BorrowerMobile gain efficiences, exceed borrower expectations for collaboration and communication and ultimately open a pivotal avenue for capturing more market share.

“At DocMagic, we identified a critical mass of issues and challenges that occur around lender-borrower communication and extend into virtually every aspect of the mortgage process,” said Dominic Iannitti, president and CEO. “BorrowerMobile provides lenders with a way to avoid potentially costly challenges and delays while delighting the borrower at the same time.”

BorrowerMobile provides the missing link that not only connects lenders and closing agents with borrowers for real-time secure communication and updates, but also enables borrowers to use their mobile devices to fulfill their part of an end-to-end, 100% paperless, fully electronic mortgage. 

It also answers the consistently growing consumer demand for a mortgage process that can be completed entirely on a portable mobile device. BorrowerMobile gives lenders a competitive advantage by aligning the entire mortgage process with borrowers’ typical app-centric buying experiences; creating a more secure, efficient process; and providing much needed transparency for all parties — the borrower, lender and closing agents.

BorrowerMobile’s seamless connectivity allows lenders and closing agents to communicate loan conditions immediately through a secure central location, giving borrowers a real-time “to do” list with complete visibility. As borrowers satisfy conditions through BorrowerMobile, the application instantly updates the lender and closing agent. 

Borrowers get the efficiency and convenience of tracking the real-time status of their mortgages, getting estimated target dates and accessing expanded milestone descriptions and specific loan information at any time, without ever having to initiate a phone call, text message or email.  

In addition to enhancing efficiency, BorrowerMobile makes compliance easier by providing a completely secure environment for transmitting documents and data, thus protecting data integrity and reducing errors and oversights. 

“BorrowerMobile helps lenders reach a larger market by fulfilling the demands of the growing number of consumers — many of them Millennials — who expect to use mobile devices to transact personal and business activities,” Iannitti said.

As featured by HousingWire, September 2017

Mark Your Calendars!

MBA's National Secondary Market Conference & Expo
May 17-20 | New York Marriott Marquis

We’re excited to attend the MBA's National Secondary Market Conference & Expo on May 17. Stop by booth #507 to catch up on the latest Mobile Technology, Integrated Disclosure implementation and new Collaborative Closing Solution. We’re always ready to demonstrate our end-to-end loan document preparation, compliance, and eDelivery solutions for the Mortgage Industry. See you there!
Click here to schedule a meeting.

Our Latest Magic!

• Integrated Disclosures
  Let us show you what we’re doing to prepare for the Integrated Disclosure Rule. Learn about our targeted testing and grab an implementation timeline. 
• Collaborative Closing Solution
  We're bringing lenders and settlement providers together inside our new collaborative closing platform to exchange data prior to closing.
• BorrowerMobile
  A visionary mobile application for tablets & smart phones allows Borrowers to satisfy loan conditions on the go.

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We have your mobile solution!

Join us on Wednesday, February 18th, 10:00 AM PT for a FREE webinar.
We'll show you how BorrowerMobile makes it easy for borrowers and lenders to interact, share information, and work together… with the touch of a finger!

Designed for your borrower’s tablet or smart phone, BorrowerMobile is a direct communication and delivery channel between you and your borrowers. The application allows you to quickly and easily clear loan conditions from anywhere! Borrowers can monitor their loan status in real-time, eSign disclosures, reach out to loan contacts, and schedule events during the loan process. Watch a short two-minute demonstration.

BorrowerMobile connects you to your borrowers instantly...
■ Helps you close more loans… and close them faster
■ Provides your borrower with real-time loan processing status
■ Securely delivers documents and disclosures to your borrower
■ Includes Tap-to-Sign electronic signature technology
■ Integrates easily with all leading loan origination systems

CLICK HERE TO JOIN THE FREE WEBINAR and learn how to mobilize your borrower's experience!

Technology. Innovation. Service.
MBA's Annual Convention & Expo
October 19-22 | Las Vegas, NV

Stop by booth #321 or schedule a meeting to experience the magic of new Mobile Technology, Integrated Disclosure Demonstrations and New Construction Documentation. DocMagic is proud to celebrate its 25th year of continual innovation in providing end-to-end Document Production, Electronic Delivery, Execution and Compliance Solutions for the Mortgage Industry.

We're pioneering new technology!

BorrowerMobile
DocMagic's visionary mobile application for tablets and smart phones provides all of the features your Borrowers need to keep their finger on the pulse of their loan status.
■ Keeps borrowers on top of loan status in real-time
■ Lenders can communicate loan conditions instantly
■ Integrates with any loan origination software system

New Integrated Disclosure
Let us show you what we are doing to prepare for Integrated Disclosures.
■ Learn about our targeted testing beginning soon
■ Pick up an implementation timeline to better prepare yourself

Construction Loan Documentation
Construction-only and Construction-to-Perm loan programs are now available for all 50 states, District of Columbia, and the Virgin Islands.
■ Fixed-rate and ARMS Programs
■ LIBOR and T-Bill indices available
■ Accommodates either purchases or refinances

Meet us at the conference. Schedule a meeting now!