DocMagic Launches eDecision, Automating Digital Closing E-Eligibility
Summary
DocMagic is calling its eDecision solution a highly accurate decision that tells users precisely how far they can take a digital closing based on the unique attributes of the loan transaction–all the way down to county-level eRecording acceptance. “Our goal in developing eDecision was straightforward: to help clients execute flawless eClosings and bring a new level of automation to the overall process by providing lenders with an immediate determination of how e they can be,” said Dominic Iannitti, president and CEO of DocMagic. The solution accesses and compiles first-party data, leveraging an immense amount of information to improve the digital closing process. The eDecision solution does not force users to leave DocMagic’s platform and visit another website, use a third-party application, or access an ancillary database. All analysis and results from eDecision are incorporated into DocMagic’s Loan Detail Report (LDR), which is automatically included with all document requests and is widely accepted by most investors as proof of regulatory compliance.
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