DocMagic has partnered with Simplifile to deliver new process efficiencies that further digitize the closing process, including post-closing automation, the companies announced.
The integration between DocMagic’sTotal eClose and Simplifile’s collaboration and post-closing services includes access to Simplifile’s eEligibility data for eNotarization acceptance.
“This integration further streamlines the post-closing process by extending the eClosing process to include county recordings,” DocMagic President and CEO Dominic Iannitti said in a release. “Our partnership with Simplifile provides their vast network of more than 39,000 settlement agents with easy access to DocMagic’s Total eClose services.”
Using Simplifile, agents can connect to all of DocMagic’s eClose-enabled lenders in one place to exchange documents, data and closing logistics, enabling them to support lenders’ eClosing initiatives. The integration also extends automation of the process through post-closing to ensure final documents, data and fee information are returned to the lender after recording is complete.
“Process consistency is key to driving eClosing adoption with lender closing teams and settlement agents, regardless of what percentage of loans qualify to be closed digitally or where individual loans fall on the digital spectrum,” Simplifile President Paul Clifford said.
“The combination of DocMagic’s proven eClosing technology and Simplifile’s settlement agent network creates a powerful foundation that enables lenders to scale their digital mortgage efforts as jurisdictional and investor requirements allow and capture every drop of efficiency and cost-savings possible,” Clifford said.