DocMagic, Inc. announced the integration of its Total eClose platform with Finastra's MortgagebotLOS solution, which leaders say will spell an enhanced customer experience for mortgage borrowers.
“We’ve demonstrated the power of Total eClose through our integration with Finastra’s MortgagebotLOS, creating an innovative automation tool for every eClosing originated through the solution,” Dominic Iannitti, president and CEO of DocMagic, said in a release. “This collaboration not only saves time and effort, but also amplifies secondary market potential, eliminates laborious manual tasks, slashes cost per loan, and streamlines the closing process."
Through this integration, Finastra MortgagebotLOS lenders gain access to DocMagic’s suite of eClosing tools for all loans. Powered by a bi-directional document flow, tracking residing within MortgagebotLOS connects instantly to DocMagic’s Total eClose.
This integration combines comprehensive eClosing technology with data-driven origination workflow automation that generates compliant loan documents, facilitates borrower eSignatures, and enables remote online notarizations (RON).
Additionally, Total eClose allows Finastra users to generate eNotes, establish direct connections with the MERS eRegistry, and securely store documents in a certified eVault.
“The integration of Total eClose into MortgagebotLOS offers new tools to enhance the customer experience,” added MaryKay Theriault, director, product management at Finastra. “We’re thrilled to offer our clients the efficiencies and conveniences that this partnership brings. Together, we’re setting new industry standards and making the mortgage closing process easier and more streamlined for borrowers across the United States.”
Finastra’s MortgagebotLOS is an end-to-end, web-based mortgage lending platform that leaders say is used by more than 1,400 clients nationwide.