{"id":54034,"date":"2019-11-05T07:15:57","date_gmt":"2019-11-05T12:15:57","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=54034"},"modified":"2019-11-04T20:40:46","modified_gmt":"2019-11-05T01:40:46","slug":"docmagic-leads-eclosing-categories-and-holds-highest-market-share-in-document-generation-in-stratmor-groups-2019-study","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/docmagic-leads-eclosing-categories-and-holds-highest-market-share-in-document-generation-in-stratmor-groups-2019-study\/","title":{"rendered":"DocMagic Leads eClosing Categories and Holds Highest Market Share in Document Generation in STRATMOR Group’s 2019 Study"},"content":{"rendered":"

TORRANCE, Calif., Nov. 5, 2019 (SEND2PRESS NEWSWIRE) — DocMagic, Inc.<\/a>, the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that its Total eClose™ platform is the eClosing leader<\/a> based on market share, overall satisfaction and lender loyalty in STRATMOR Group\u2019s 2019 Mortgage Technology Insight Study.<\/p>\n

\"DocMagic
\n\u201cSTRATMOR\u2019s study places DocMagic as the eClosing leader, with more than 52.4 percent of the market comprised of banks, credit unions, and independent mortgage bankers,\u201d said Dominic Iannitti, president and CEO of DocMagic. \u201cWe\u2019re thrilled to have our customers rank us so highly in a study by an organization as reliable and respected as STRATMOR.\u201d<\/p>\n

DocMagic also led eClosing providers in overall satisfaction ratings and STRATMOR\u2019s coveted Lender Loyalty Score\u00ae analysis, which the study states is based on lender satisfaction and intent to continue using the technology.<\/p>\n

A second DocMagic technology, the company\u2019s document generation solution, also holds the highest market share in its category. Together, Total eClose and DocMagic\u2019s dynamic document generation can provide lenders with 100 percent paperless eClosings.<\/p>\n

According to STRATMOR Group, this year\u2019s study was based on responses from 250 mortgage professionals representing 209 unique lenders. The 2019 survey represents 29 percent of the mortgage market and draws in part upon 2017 HMDA data to maximize accuracy. STRATMOR defines eClosing technology as a system that allows lenders to deliver fully digital and also hybrid eClosings through a central platform. STRATMOR concluded that \u201ceClosing represents a significant ROI opportunity for lenders to automate.\u201d<\/p>\n

\"DocMagic
\nDocMagic\u2019s Total eClose platform is a comprehensive solution that delivers a completely paperless workflow and seamlessly integrates every component of the closing process. It includes a robust eDocument library with integrated eSign technology; the MISMO Category One SMARTDoc\u00ae eNote; eNotary technology for all 50 states; direct connectivity to the MERS\u00ae eRegistry; GSE-certified eVault storage for one year; secure and compliant investor delivery; and a complete audit trail for proof of compliance.<\/p>\n

Persons interested in learning more about the industry\u2019s leading eClosing platform can contact sales@docmagic.com<\/a>.<\/p>\n

About DocMagic:<\/strong><\/h4>\n

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company\u2019s compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both<\/p>\n

the federal and state levels to ensure accuracy. For more information on DocMagic, visit https:\/\/www.docmagic.com\/<\/a>.<\/p>\n

About STRATMOR Group:<\/strong><\/h4>\n

Founded in 1985, STRATMOR Group has, since inception, focused exclusively on making the mortgage business better for lenders and the borrowers they serve. Today, STRATMOR is a data-driven advisory that guides lenders and vendor clients alike to make smart strategic decisions, solve complex challenges, streamline operations, improve profitability and accelerate growth. For more information, visit https:\/\/www.stratmorgroup.com\/<\/a>.<\/p>\n

Social Media: @DocMagic #DocMagiceClose #TotaleClose #eClosingLeader #STRATMORGroup #MortgageTechnologyInsightStudy<\/p>\n

Media Contact:
\nJoe Bowerbank
\nProfundity Communications, Inc.
\n949-378-9685
\njbowerbank@profunditymarketing.com<\/p>\n

*IMAGE links for media:
\n[1] https:\/\/www.Send2Press.com\/300dpi\/19-1105s2p-docmagic-chart-300dpi.jpg<\/a>
\n[2]\u00a0https:\/\/www.Send2Press.com\/300dpi\/19-1017s2p-DocMagic-logo-300dpi.jpg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TORRANCE, Calif., Nov. 5, 2019 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that its Total eClose(TM) platform is the eClosing leader based on market share, overall satisfaction and lender loyalty in STRATMOR Group’s 2019 Mortgage Technology Insight Study.<\/p>\n","protected":false},"author":4419,"featured_media":54032,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,67,1,10,38,10711,6,5,12],"tags":[6925,12338,10202,9257],"class_list":["post-54034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-awards-and-honors-news","category-business-news","category-california-news","category-finance-news","category-fintech","category-software-news","category-technology-news","category-torrance-news","tag-mortgage-documents","tag-mortgage-technology-insight-study","tag-profundity-pr","tag-stratmor-group","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3949,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/54034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/4419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=54034"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/54034\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/54032"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=54034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=54034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=54034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}