DocMagic unveils eSign 3.0, improving remote notary and electronic closing capabilities – The Journal
Redesigned user-centric platform dramatically improves borrower signing experience
TORRANCE, Calif., Oct.6, 2021 (SEND2PRESS NEWSWIRE) – DocMagic, Inc., the leading provider of fully compliant loan document preparation, automated regulatory compliance and comprehensive electronic mortgage services, has announced the official launch of its platform -form eSign 3.0. Improvements to the mortgage industry’s preeminent electronic signature platform introduce new tools and features designed to enable lenders to easily facilitate remote online notarization (RON) for paperless electronic closings.
Among the new features in eSign 3.0 is a secure eClose portal that allows notaries and settlement service providers to easily access and update closing document packages. When documents are added by the Closing Agent or Notary, DocMagic’s AutoPrep ™ functionality instantly prepares uploaded documents for electronic execution.
In addition to the new RON and eClosing capabilities, the signer functionality has been significantly improved with eSign 3.0. With an increasing percentage of borrowers using their mobile devices to participate in the mortgage process, eSign 3.0 offers a much more intuitive – and therefore easier – experience for borrowers.
“We developed eSign 3.0 with the borrower’s experience as our primary focus,” said Dominic Iannitti, President and CEO of DocMagic. “The workflow takes into account both the physical and emotional experiences of the user. We paid special attention to how users physically deal with their phones as well as their emotional reactions to the technology. The result is a much more satisfying borrowing experience.
Other benefits of the updated platform include integrated knowledge-based authentication and identity validation; a redesigned workflow to give borrowers more time to read and review documents in a single, centralized view; an accelerated signing phase where intuitive tools track progress at each stage; and full monitoring until all documents are executed. The platform’s built-in progress tracking tools can be used on a computer or mobile device to keep borrowers updated on their progress every step of the way.
“It all starts with a robust API,” said Iannitti. “ESign 3.0 is powered by a comprehensive suite of web services designed specifically for seamless integrations. The end result is that eSign 3.0 makes borrowers feel more connected and informed, so they are confident they are working with their lender and walk away after enjoying a more positive and memorable engagement.
The eSign 3.0 platform leverages the company’s suite of eMortgage solutions, including components of its end-to-end Total eClose ™ platform, dynamic document generation and MISMO Category 1 SMART Doc® eNote, l automatic eNote check-in with MERS® and secure storage within its certified eVault.
eSign 3.0 also incorporates DocMagic’s AutoPrep ™ technology to instantly identify signatures, initials and notarial regions on documents added to the closing file by settlement and title agents, and automatically apply essential electronic tag information. required to facilitate electronic execution. This eliminates the tedious and error-prone process of manually preparing documents for electronic execution.
The company will be showing demonstrations of its suite of solutions at the MBA Annual Convention & Expo in San Diego from October 17-19, booth 314.
DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, electronic signature and comprehensive electronic mortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile applications, and web-based systems for the production and delivery of compliant loan document packages. The company’s solutions connect industry participants, foster collaboration, and ensure data integrity to execute precision-driven digital loan transactions. Company compliance experts and in-house legal staff constantly monitor legal and regulatory changes at the federal and state levels to ensure accuracy.
For more information on DocMagic, visit https://www.docmagic.com/.
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NEWS SOURCE: DocMagic, Inc.
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