DocMagic Inc. was named to the 2021 Inc. 5000 list of the fastest-growing private companies in the country.
The Inc. 5000 ranks companies by overall revenue growth over a three-year period. Over the past three years, DocMagic achieved a growth rate of 67 percent, which the company attributes to the dramatic increases in adoption of the company’s Total eClose solution by mortgage lenders.
“DocMagic has been a market leader for years, so lenders naturally turn to us first when they want to elevate their processes or need to adapt to new circumstances, and that’s exactly what’s happened since the start of the pandemic,” DocMagic President and CEO Dominic Iannitti said in a release. “We’re proud of our market strength, which is demonstrated in our three-year growth rate.”
In the last 18 months, as mortgage lenders faced unprecedented challenges brought on by the pandemic, they increasingly turned to DocMagic’s digital mortgage advisory services, remote implementation model, and strategic approach to automating new workflows, according to the company.
DocMagic also has been recognized for having the highest customer satisfaction levels and greatest adoption of its eClosing solution, as ranked by multiple independent third-party mortgage technology studies.
“We’re honored to be named to the 2021 Inc. 5000 list among so many innovative and accomplished companies,” Iannitti said. “Early on, we invested heavily in R&D to engineer the right blend of digital mortgage and eClosing technologies. DocMagic’s ongoing growth reflects the diligent work and unwavering efforts of our entire company.”