By Brena Swanson
Industry gets more comfortable with online technology
Torrance, California-based DocMagic officially processed more than 100 million mortgage-related eSignature transactions.
“We are very pleased with the sheer number of eSignatures that we are seeing executed among our client base,” said Dominic Iannitti, president and CEO of DocMagic.
“This is positive news for the mortgage industry as a whole. In previous years, eSign adoption was much lower among lenders working with borrowers. We have always encouraged clients to take advantage of our eSigning technology; this impressive number of transactions certainly reflects that,” he added.
In 2011, DocMagic made its eSign technology available to anyone to sign any type of document at no charge, allowing users to visit DocMagic’s website to quickly and easily eSign documents such as contracts, NDAs, proposals and more.
DocMagic has two eSign solutions for clients. eSignSystems’ SmartSAFE XL eSigning, eDelivery and eVaulting platform was added to the DocMagic family in 2014.
In addition, DocMagic recently released its TILA-RESPA Integrated Disclosure enhancements for clients and LOS partners.
DocMagic provides a step-by step TRID testing guide and has already started training sessions for its lenders. In addition, the company is offering detailed training videos on the changes and presenting regular webinars on the topic.