We're proud to announce that Leah Sommerville, a senior account executive and key member of our eClosing Team, earned a spot on this year’s prestigious Elite Women in Mortgage list published by Mortgage Professional America (MPA).

About The Elite Women Award

The annually-produced award highlights 50 female leaders who are making a difference and driving positive change within the mortgage industry. MPA says the winners represent a league of influential women who go above and beyond for their companies and the industry, exhibit a genuine passion for their craft, have significant accomplishments from the last 12 months, and possess unwavering determination.

“Leah’s expertise in eClosings is instrumental in guaranteeing the success of every client who chooses to embrace a paperless closing process,” stated Dominic Iannitti, president and CEO of DocMagic. “We commend Leah for her continuous dedication and are thrilled that MPA has honored her outstanding achievements with the prestigious Elite Women distinction.”

Leah Sommerville's eClosing And Mortgage Expertise

As a valued member of DocMagic's team of eClosing specialists, Sommerville is committed to assisting lenders in tailoring an optimal digital mortgage strategy to their unique business needs. Since joining the team in 2018, she has guided numerous lender clients through the transformation from paper processes to the cutting-edge realm of digital mortgages, creating a wave of efficiency and innovation.

“I’m honored to accept the 2023 Elite Women award from MPA and I thank the judges for recognizing my efforts,” stated Sommerville. “The industry has come a long way since introducing eClosings and I look forward to introducing some of the new digital mortgage innovations that DocMagic is developing.”

Notable achievements Sommerville has been a part of in the last 12 months include her involvement in the rollout of DocMagic's new eNotary onboarding program for a national database of notaries, enabling those notaries to attain RON certification on DocMagic’s Total eClose™ platform. Her efforts have helped train hundreds of notaries on how to effectively complete remote online notarization of loan documents with borrowers.

Sommerville also shepherded numerous lenders and secondary market participants through the MERS eRegistry membership process to start producing eNotes and subsequently store them in a secure eVault—guidance that enhances lender ROI, improves liquidity, and moves the industry toward going fully paperless.

In addition, Sommerville helped introduce DocMagic’s e-Eligibility tool, eDecision,™ that audits loans and confirms the type of eClosing that can be compliantly executed. Also notable is that Sommerville closed out 2022 exceeding her sales goal by 65 percent, which she accomplished in a down market despite a steep drop in loan volume.

Currently, Sommerville continues to press on, providing a consultative, hands-on approach to lenders for eClosings, working with industry eClosing partners, and speaking at conferences and events on the topic of digital mortgage automation.

The complete list of 2023 Elite Women winners can be found on MPA’s website.

Related Content:

• DocMagic and Finastra announce integration to transform closings (6/30/2023)
• MISMO seeks comments on VA form & David Garrett speaks on MISMO (6/22/2023)

• CEO Dominic Iannitti’s Best of Finance win spotlights the best mortgage and finance solutions (6/08/23)

Dominic Iannitti, DocMagic’s president and CEO, was selected for the inaugural group of Best of Finance award winners from Inman News, confirming the wide-reaching effects of our eClosing solutions. Inman News—a leading news source for real estate agents, brokers, executives and technology leaders—established the awards category to honor experts in the mortgage and finance space who innovate within residential real estate.

“I am thrilled and honored to be acknowledged as a mortgage finance leader by Inman News,” said Iannitti. “This award underscores our steadfast dedication to service, innovation, and above all, our customers.” And in a digital age where DocMagic’s powerful solutions are driving the adoption of fully paperless eClosings, that dedication to service is key to success.

About The Best Of Finance Award

Inman’s first selected group of Best of Finance award winners, available in full on Inman’s website, is a roster of mortgage and finance experts leading the way in better mortgage and finance services for all. Award recipients were hand selected by Inman’s editorial team—a team experienced in furthering Inman’s mission of sharing innovative and pertinent news about the real estate industry.

Inman shared that the 2023 Best of Finance award recipients were recognized for their commitment to “innovation, service and their immeasurable impact on the residential lending industry.” The CEO of Inman, Emily Paquette, said, “For the first time in Inman history, we are shining a spotlight on the companies and individuals helping to raise the bar for mortgage and financial services. Their dedication to the communities they serve is driving change across our industry.”

The complete list of award winners totaled only 128 recipients out of a large industry that amassed over $2.34 trillion in mortgage originations in 2022 (and that is expected to rebound in 2024). Although 2023 has seen industry revenue decline, flexibility is essential to achieve the rebound that government-sponsored enterprises (GSEs) predict in 2024.

What can lenders learn from following mortgage and finance awards?

Awards like this one highlight industry leaders with proven track records of innovating and evolving. Alongside Iannitti, the Best of Finance winners include leaders in:

• Lending, including correspondent lending
• Borrower payment facilitation
• Insurance
• Government-sponsored securitization
• eClosing, including DocMagic and our comprehensive eClosing platform
• Lender and broker workflow automation
• Other digital solutions

Award lists from trusted industry outlets can offer lenders a valuable chance to survey the industry and get a feel for what other lenders may be doing to stay flexible. The value for lenders in looking at award lists (and associated organizations) is twofold:

1. Lenders can keep an eye on the competition.

Look at award winners and identify any direct or indirect competitors among the lenders represented. Watch what these lenders are doing—how have they pivoted or expanded in the past year, and what can you and others learn from their strategies?

2. Lenders can identify new solutions for their own business.

If vendors are featured among award winners as with the Best of Finance award, you can take a look at award-winning vendor offerings and helpful solutions just by browsing award lists. Investigate digital solutions further to explore unique ways that your business can be flexible and save money.

Interested in paperless eClosing? Learn more about our Total eClose™ platform and how it can lead you and your borrowers through an eClosing step by step.

Whether you find it easy or difficult for your mortgage organization to implement new solutions, it’s crucial to watch industry news for where solutions are headed. The mortgage and finance space is evolving quickly. To keep pace, consider taking a second look at the leaders receiving accolades for their work in mortgage innovation.

Related Content:

• The competitive advantage of eNote technology (5/25/2023)
• Ask the eClosing Team: How do I get started with eClosing? (5/11/2023)

• DocMagic introduces critical ADA-compliant loan documents (4/25/2023)
  
  

This week, we’re proud to announce we’ve been designated one of the most innovative mortgage technology firms in the U.S. housing economy for 2023 by HousingWire. DocMagic has earned a spot on the coveted list of technology standouts every year since HousingWire began the award program.

Currently in its 11th year, the Tech100 program provides housing professionals with a comprehensive list of the industry's most innovative and impactful organizations. This list is widely used to identify partners and solutions that effectively address the challenges that mortgage lenders face every day.

“We are thrilled and humbled to receive the 2023 Tech100 award,” said Dominic Iannitti, president and CEO of DocMagic. “This recognition reflects the dedication and hard work of our team in pushing the boundaries of innovation in the mortgage industry. At DocMagic, we are committed to staying at the forefront of technology, and to delivering products and solutions that streamline and simplify the mortgage process for everyone involved. We thank the judges and everyone involved in this award for recognizing our efforts and achievements.”

Since 1987, DocMagic has been on a mission to remove paper from mortgage origination and closing processes to facilitate a better overall lending experience. The company has been successful at digitizing critical areas of loan origination, closings, secondary marketing and servicing transactions. In 2014, DocMagic pioneered the industry’s first single source eClosing solution, containing all of the functionality required to facilitate a completely paperless mortgage closing.

In the last year, DocMagic has enhanced many of its core solutions to better serve its clients. For example, remote online notary (RON) functionality was integrated into DocMagic’s Total eClose™ platform. DocMagic launched eDecision, the company’s eEligibility tool, which helps identify the specific type of eClosing that can be conducted in a given region prior to closing. These advancements reflect the company’s commitment to staying ahead of the curve in technology, and to providing the most advanced and comprehensive solutions possible.

Each year the Tech100 program has continued to expand, as the demand for technology in housing continues to progress. This was the fourth year the Tech100 program was separated into two groups — Tech100 Mortgage and Tech100 Real Estate — to highlight the innovation and achievements of organizations within both sectors.

“We're focused on elevating the innovators that are building paths and solutions that enable the largest and most important sector in the U.S. economy to operate efficiently and profitably — the innovators that make housing more accessible and more desirable for the 130 million households that benefit from the stability and economic advantages of homeownership,” said Clayton Collins, CEO of HW Media. “The Tech100 program is the gold standard for organizations in housing who are at the forefront of the kind of innovation that will change the industry forever.”

HousingWire stated that its Tech100 program grows increasingly more competitive each year, and the applicants improve in caliber as the demand for technology in the industry continues to progress. 

Related Content:

• House overwhelmingly passes federal RON bill (3/1/2023)
  

• DocMagic provides eClosing and eVault technology for Barr Group Mortgage’s First eNote Transaction through Click n’ Close’s non-delegated correspondent eNote program (2/16/2023)

• CUSO leaps over hybrid eClose to offer fully electronic loan closings (2/6/2023)

A well-known industry expert in mortgage banking compliance and law, Ales tackles some of the most challenging compliance issues facing the industry with loan documents and eClosings. In the last 12 months, he has successfully taken on multiple impactful company and industry-based projects, which the judges at HousingWire examined closely and determined Ales’ most recent contributions.

“It is refreshing to see that my efforts on the compliance and legal side of mortgage software are having an operational impact,” stated Ales. “We are constantly doing outstanding things at DocMagic to move the industry forward. Both my team and I are honored to be recognized.”

Winners of HW’s Insiders accolade represent a wide range of occupations within the housing economy, from lending and real estate to fintech. According to HW, Insiders are the internal professionals that their companies turn to with their most important or challenging behind-the-scenes projects, and their contributions and hard work lead to superior results.

Among some of Ales’ key contributions were his assistance in developing DocMagic’s e-Eligibility solution, eDecision™. He also added functionality to DocMagic’s loan generation solution that supports the Americans with Disabilities Act (ADA) for the visually impaired to read mortgage loan documents. In addition, Ales worked on the Affordable Housing Initiative (AHIT) for Freddie Mac that helped create first-ever instruments to include subordinate liens.

And always at the top of Ales’ list of business-critical compliance initiatives is to move the mortgage industry toward going paperless. Looking ahead, Ales seeks to add compliance guidelines and functionality for use by Limited English Proficiency (LEP) borrowers to assist them in better interpreting loan documents.

“Each year, the HW Insiders award represents a versatile group of unsung heroes who are vital to the smooth functioning of their organizations,” HousingWire Editor in Chief Sarah Wheeler said. “While they may operate behind the scenes, the tireless work of these honorees has a huge impact on the larger housing ecosystem. We are honored to recognize this impressive group of industry experts.”

The complete list of HousingWire 2022 Insiders winners can be found at https://www.housingwire.com/articles/361547/.

Related Content:

• NMP Selects DocMagic Chief eServices Executive Brian D. Pannell for 2022 Most Connected Mortgage Professionals Award (7/25/2022)

• Mortgage Banker Magazine taps DocMagic CEO with Legends of Lending Award (7/14/2022) 

• PROGRESS in Lending Names DocMagic’s Director of Client Services to 2022 Most Powerful Women in Fintech List (5/19/2022)

DocMagic has again made Inc. 5000’s list of fastest-growing private companies for 2022. Companies on this year’s Inc. 5000 list are ranked according to percentage of revenue growth from 2018 to 2021. DocMagic’s growth rate for this three-year period was 100 percent, earning the company the rank of 4,434 in the financial services category.

“We are honored to have achieved a growth rate that places us on Inc.’s prestigious list of rapidly growing U.S. companies for a second time,” said Dominic Iannitti, president and CEO of DocMagic. “The mortgage banking industry continues to be a highly competitive environment. Making this list in back-to-back years tells us that our digital solutions are putting our growing list of lender-clients in the most efficient, compliant and cost-effective positions possible.”

DocMagic’s award-winning Total eClose™ platform, document generation, automated compliance and targeted digital lending solutions are credited with helping lenders successfully operate in an unprecedentedly high-volume lending landscape.

Inc. magazine stated that the companies on the 2022 Inc. 5000 list have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Notable is that the total revenue among the 5000 companies on the 2022 list was $317.5 billion with 1,178,549 jobs added. Only 945 companies on this year’s list were repeat honorees like DocMagic.

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”

Complete results of the 2022 Inc. 5000 winners, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

Related Content:

• NMP Selects DocMagic Chief eServices Executive Brian D. Pannell for 2022 Most Connected Mortgage Professionals Award (7/25/2022)
• Mortgage Banker Magazine taps DocMagic CEO with Legends of Lending Award (7/14/2022) 
• PROGRESS in Lending Names DocMagic’s Director of Client Services to 2022 Most Powerful Women in Fintech List (5/19/2022)

Brian D. Pannell, DocMagic’s chief eServices executive, has been recognized by National Mortgage Professional (NMP) magazine as one of the most connected mortgage professionals within the industry for 2022.

NMP states that people named to the annual list are successful, well-connected, and powerful networkers and influencers who are completely dedicated to the mortgage industry. The award assesses the degree of connectivity winners have within the mortgage industry. Specifically, nominees are evaluated based on the extent to which they have leveraged social media platforms to successfully collaborate with industry colleagues, share ideas, promote positive news and events, and evangelize for the good of the industry.

“I am honored that the judges at NMP have selected me for this award,” stated Pannell. “Being recognized as ’connected’ is a reflection of how industry peers perceive the value of our insights and the contributions we make in our respective areas to consistently serve as trusted sources of guidance, information and leadership. At DocMagic, our clients rely on our deep subject-matter expertise and I’m proud to be able to share my experience and insights to help advance the lending process.”

Amid an ever-evolving mortgage market and technology landscape, NMP’s Most Connected winners stand out from their peers as thought leaders and influencers providing analysis, assessment and guidance to help mortgage industry participants better understand how to adapt and change to successfully compete in today’s market.

Pannell was applauded by his peers and NMP’s judges as a subject matter expert and leader on eSignings, eNotarizations, eClosings, eNotes, eVaults, eWarehouses, and more. He has helped countless lenders, banks, servicers, technology providers, GSEs and others understand the immense value of going “e.” He is passionate about sharing the benefits of eMortgage adoption through his industry contacts, affiliations with industry associations and conferences, the mortgage industry media, and through the personal connectivity that social media provides.

The complete list of 2022 Most Connected award winners can be found in the July edition of NMP’s digital magazine. https://nationalmortgageprofessional.com/magazine/nmp-magazine/40-year-old-virgin-mortgage/digital-edition

Related Content:

• Mortgage Banker Magazine taps DocMagic CEO with Legends of Lending Award (7/14/2022) 
• PROGRESS in Lending Names DocMagic’s Director of Client Services to 2022 Most Powerful Women in Fintech List (5/19/2022)

• HousingWire Names DocMagic One of the Top 100 Most Innovative Mortgage Companies for 2022 (3/9/2022)

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.”

Mr. 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

Related Content:

• PROGRESS in Lending Names DocMagic’s Director of Client Services to 2022 Most Powerful Women in Fintech List (5/19/2022)

• HousingWire Names DocMagic One of the Top 100 Most Innovative Mortgage Companies for 2022 (3/9/2022)

• DocMagic’s Michael Morford recognized with 2021 Tech Thought Leader Award (12/20/2021)

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.

Related Content:

• PROGRESS in Lending Names DocMagic’s Director of Client Services to 2022 Most Powerful Women in Fintech List (5/19/2022)

• HousingWire Names DocMagic One of the Top 100 Most Innovative Mortgage Companies for 2022 (3/9/2022)

• DocMagic’s Michael Morford recognized with 2021 Tech Thought Leader Award (12/20/2021)

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/.

Related Content:

• PROGRESS in Lending Names DocMagic’s Director of Client Services to 2022 Most Powerful Women in Fintech List (5/19/2022)

• HousingWire Names DocMagic One of the Top 100 Most Innovative Mortgage Companies for 2022 (3/9/2022)

• DocMagic’s Michael Morford recognized with 2021 Tech Thought Leader Award (12/20/2021)

TORRANCE, Calif., May 19, 2022—DocMagic, 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.”

Related Content:

• HousingWire Names DocMagic One of the Top 100 Most Innovative Mortgage Companies for 2022 (3/9/2022)

• DocMagic’s Michael Morford recognized with 2021 Tech Thought Leader Award (12/20/2021)

• DocMagic's Lori Johnson wins 2021 Elite Women in Mortgage Award (12/18/2021)