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Sat, 05/31/2003

Developers of DocMagic software release print solution for large banks and lenders

BALTIMORE, Md. and CARSON, Calif. - June 16, 2003 - Document Systems, Inc. (DSI), a developer of software, tools and Web-based systems for the production of compliant loan document packages, announced today at the National Association of Mortgage Brokers (NAMB) 2003 convention the official release of FillMagicä, the company's new enterprise application that offers clients a full host of solutions for the creation of mortgage forms and document packages. FillMagic benefits enterprise clients by offering added security, instantaneous processing response times, unlimited scalability, flexibility and distributed processing.

The FillMagic form-fill engine, which is Java-based, can run independently or via a Web server and can be scaled to accommodate virtually any volume. Utilizing the latest technology, FillMagic enables lenders to electronically complete mortgage forms by using an XML request file to transfer data to and from the client's loan origination system (LOS).

"Appropriate document creation and management is one of the more problematic processes in mortgage banking," said Jeff Lebowitz, president of MORTECH, LLC. "The most important aspect of document generation is systematic application and compliance for each case. When FillMagic can combine accuracy with flexibility and scalability in a single solution, it lifts a significant burden from a lender's shoulders."

Partnering with leading LOS providers enables clients to benefit from both development teams working together toward the common goal of increased document production.

FillMagic's integration is both seamless and flexible. Depending on the needs of the lender, FillMagic can be hosted and secured by the client's existing infrastructure or at DSI headquarters. With FillMagic, clients may access forms from within DSI's DocMagic National Library of more than 50,000 compliant forms or have DSI create custom forms to meet the client's unique requirements

New system development can often mean staff training and a costly learning curve. FillMagic saves lenders money because DSI analyzes and compares the client's existing document library to DSI's DocMagic Library of available forms and determines the amount of customization required.

"Providing lenders the ability to purchase customized forms eliminates the existing burden of developing their own forms," said Don Iannitti, president and CEO of Document Systems, Inc. "Depending on the need of the lender, FillMagic can control the document selection, print/view and electronically transfer the documents."

All DSI products follow the standards set by the Mortgage Industry Standards Maintenance Organization (MISMO) and can be integrated into any LOS that follows MISMO standards.

About Document Systems, Inc.
Founded in 1988 and headquartered in Carson, Calif., Document Systems, Inc., is a mortgage technology company that develops software, processes and web-based systems for the production of compliant loan document packages. Along with creating closing loan documents, DSI provides legal expertise about completing these forms, and both guarantees and warrants that all agency forms are up-to-date and in compliance with GSE requirements. DSIs' staff includes a team of compliance experts that constantly monitor legal and regulatory changes at federal and state levels to ensure accuracy. DSI is the first company in the mortgage industry to develop a fully integrated mortgage customer contact management system specifically designed to meet the needs of loan officers to help streamline the tasks involved with acquiring leads, managing contacts and gathering all personal and credit information necessary to secure a loan.

For more information on Document Systems, visit the company's Web site at www.docmagic.com or call (800) 649-1362.