Every new LoanToolbox subscriber will get 1 year of LoanMagic for Free.
CARSON, CALIF., October 15, 2007 - LoanToolbox, Westlake Village, Calif., has signed an alliance agreement with Carson, Calif.-based Document Systems Inc. (DSI), a leading developer of mortgage technology for compliant loan document preparation and customer contact management solutions. Under the agreement, LoanToolbox will make DSI's LoanMagic broker Point of Sale software available free for one year to new LoanToolbox subscribers.
"It's part of our mission to arm loan professionals with tools necessary to exceed their career goals," said Rich Katz, president of LoanToolbox. "Given today's market conditions, it's more important than ever for mortgage originators to become professionals, and that involves every phase of their job. LoanMagic is a very valuable tool for enabling them to do that."
Katz pointed out that his firm is always looking for innovative tools that would help loan brokers become more effective. Online forum comments from LoanToolbox users praising LoanMagic convinced him to make the software available to his customers.
DSI developed LoanMagic in 2000. It is the first fully integrated mortgage customer contact management system specifically designed to meet the needs of loan officers. It streamlines the tasks involved with acquiring leads, managing contacts, creating point of sale comparisons and gathering all the personal and credit information necessary to secure a loan. In addition, the latest version includes the proven Selling Smarter sales strategy that David Bartels build around an optimized prospective borrower interview. Bartels techniques have been used by thousands of brokers to increase their loan production.
The built-in loan program analysis tools allow loan officers to instantly create and email side-by-side comparisons of any of the 10,000 loan programs already built into the system. Connections embedded within LoanMagic allow easy access interface with Fannie Mae's Desktop Underwriter, Freddie Mac's Loan Prospector, over 190 of the nation's top credit report suppliers and much more. One click gives the loan officer immediate access to DocMagic's fully compliant state-specific pre-disclosure documents and loan closing packages.
"We are very proud of this new alliance," said Don Iannitti, founder and CEO of Document Systems, Inc. "LoanToolbox does a great job of helping brokers become the consummate professionals consumers are demanding today. With LoanMagic, these brokers will also be far more effective in accomplishing the work required to close more loans."
LoanToolbox leads the nation in providing training and marketing solutions for the mortgage industry. Members have access to proven best practices, automated marketing and a community of nearly 10,000 loan originators who are referring loans and sharing ideas on a daily basis. LoanToolbox also hosts one-day seminars and an annual four-day business planning conference geared to meet the needs of mortgage originators who want to increase their dollar volume. Members can take advantage of one-on-one mentoring, available through the company's Maximum Acceleration™ coaching division. For private consultation, contact LoanToolbox at 877-684-8665, by e-mail at firstname.lastname@example.org, or visit the website at www.loantoolbox.com.
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 it's loan document production system, DocMagic®, DSI provides legal expertise regarding the completion of all applicable forms, and both guarantees and warrants that all agency forms are up-to-date and in compliance with GSE requirements. DSI's 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, LoanMagic , that is specifically designed to help loan officers 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 DSI, visit the company's Web site at www.docmagic.com.