DocMagic has launched its new LoanMagic mobile application which it said provides full interoperability with DocMagic solutions, as well as other third-party mortgage software.
The company said LoanMagic leverages a powerful backend platform and is free to all DocMagic customers.
“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,” President and CEO Dominic Iannitti said in a release. “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.”
DocMagic said LoanMagic 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, and push notifications, the company said.
“A truly digital mortgage offers a continuous, fluid experience for everyone. The lender should not be patching holes or bridging gaps,” Iannitti said. “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,” he said. “That’s imperative for a truly digital mortgage experience.”