DocMagic, Inc. has processed more than 300 million mortgage-related electronic signatures, the company announced.
DocMagic said the milestone achievement is the direct result of increased adoption of several DocMagic technologies that feature its comprehensive eSigning platform, which can be accessed as a software-as-a-service or on-premise enterprise platform.
“Borrower demand is driving the increase in eSignings, and lenders are choosing DocMagic to get a consistent, compliant eSigning solution that spans the original [Loan Estimate] to the final [Closing Disclosure],” DocMagic President and CEO Dominic Iannitti said in a release. “Lenders know DocMagic is the go-to choice for compliance. We reached 300 million eSignatures because we have solved lenders’ number one burden for the past two years — electronic evidence of TRID compliance — while enabling them to stay competitive and enhance the overall borrower experience.”
“A lot of existing DocMagic customers adopted our eSign technology because it’s so much easier to access and use than other platforms,” Iannitti added. “We were already integrated with the vast majority of LOS systems, so providing eSigning functionality was a logical extension of our service. We also added new integrations, which brought onboard new eSigning customers.”
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