DocMagic Inc.
TypePrivate
FoundedDecember 10, 1987 (December 10, 1987) (as Document Systems, Inc.)[1]
HeadquartersTorrance, California,
U.S.
Key people
Dominic Iannitti (CEO)
WebsiteOfficial website

DocMagic, Inc. is an American technology company.[2][3][4] The company was founded by its current President and CEO, Dominic Iannitti, in 1987 and is headquartered in Torrance, California, USA.[5][6][7][8] DocMagic is based on a software as a service (SaaS) model; DocMagic's principal product, its Document Generation Solution, is a software which allows users such as banks or mortgage brokers to input variables to generate documents used in the mortgage process.

In 2014, DocMagic acquired eSignSystems, another software as a service company which had offered electronic notarization of documents to its users.[9][10]

DocMagic has since incorporated these technologies into its own services; by 2018, DocMagic had processed more than 300 million signatures using the eSign service.[11][12]

DocMagic's facility was designed by Rania Alomar Design & Architecture and was recognized by the American Institute of Architects with a 2013 AIA Institute Honor Award for Interior Architecture.[13]

In July 2020, DocMagic, Inc., has collaborated with Simplifile to introduce modern workflow efficiencies that would further digitize the closing phase, including automation after completion.[14]

References

  1. ↑ "Articles of Incorporation of Document Systems, Inc." California Secretary of State. Retrieved 2019-06-21.
  2. ↑ "Here are 11 tech companies revolutionizing mortgage lending" HousingWire. Retrieved 2019-02-27.
  3. ↑ "ICE makes its move in $15tn US mortgage market" Financial Times. Retrieved 2019-02-27.
  4. ↑ "Lenda to critics: This is the future of mortgage lending" HousingWire. Retrieved 2018-10-18.
  5. ↑ "New 25,000-Square Foot DocMagic Tech Center Now Online" National Mortgage Professional Magazine. Retrieved 2018-11-21.
  6. ↑ "Guaranteed Rate partners with DocMagic, cuts borrower time spent at closing table to 10 minutes" HousingWire. Retrieved 2018-10-18.
  7. ↑ "Non-QM, Digital, Tech Products; MSA Compliance Webinar; Vendors Raising Money" Mortgage Daily News. Retrieved 2019-01-18.
  8. ↑ "What It Took to Make a Fully Paperless Mortgage" American Banker. Retrieved 2019-02-27.
  9. ↑ "DocMagic Integrates eSign Technology with MortgageHippo’s Digital Lending Platform " MortgageHippo. Retrieved 2019-06-20.
  10. ↑ "Lenders One Announces Lenders One eClosing by DocMagic at the Annual Summer Conference" Global News Wire. Retrieved 2019-06-20.
  11. ↑ "DocMagic Integrates eSign Technology with MortgageHippo’s Digital Lending Platform " MortgageHippo. Retrieved 2019-06-20.
  12. ↑ "Lenders One Announces Lenders One eClosing by DocMagic at the Annual Summer Conference" Global News Wire. Retrieved 2019-06-20.
  13. ↑ "AIA Announces the 2013 Honor Awards: Interior Architecture" Architect Magazine. Retrieved 2019-06-20.
  14. ↑ "Docmagic And Simplifile Team On Eclosing Adoption, Enotarizations, And Erecordings". nmp. 25 July 2020. Retrieved 10 August 2020.
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