PathSoftware has integrated DocMagic’s document production, automated compliance and comprehensive eMortgage services into its mortgage loan origination software, the companies announced.
The integration provides a secure connection between PathSoftware users’ loan files and DocMagic’s products and services. It enables PathSoftware users to order, generate, manage, receive and deliver TRID-compliant documents, such as loan estimates, closing documents and disclosures.
“DocMagic has long been a leading provider of fully-compliant loan document preparation solutions, differentiating itself by the way it handles data and runs compliance checks,” PathSoftware Director of Sales and Support Doug Mitchell said in a release.
“Our integration with DocMagic will not only make ordering compliant documents significantly easier for our joint clients, it will also significantly reduce time and cost, and eliminate the need for data re-entry, which can inadvertently cause errors and lead to compliance issues.”
The integration also provides PathSoftware users with access to DocMagic’s Total eClose platform, a comprehensive digital mortgage solution that contains all of the components needed to facilitate a completely paperless digital closing. In addition, the integration also accesses DocMagic’s eSign technology so borrowers can electronically sign all documents in a compliant manner.
“Smart companies like PathSoftware know that TRID compliance, risk reduction and cost control are huge concerns for lenders, and they’re building value by offering solutions to those issues through their technology and that of their partners, like DocMagic,” DocMagic CEO Dominic Iannitti said. “We’ve had an excellent partnership with PathSoftware’s parent company for many years. We’re proud to continue supporting them as they introduce new and better solutions to their customers and the industry.”