DocMagic acquired the assets of Doc-Tech Corporation, dba Document Express, the loan document prepartation service provider just announced.
Document Express is a boutique document preparation company.
The acquisition comes on the heels of DocMagic completing the purchase of award-winning eSignSystems in October.
As part of the acquisition, DocMagic will bring on the entire team of Document Express, including co-founder and president Lori Johnson, and Document Express EVP of sales, Michael Chaney.
In addition, DocMagic gains Document Express' customer base of lenders, which it will continue to service and support using Document Express’ service-oriented staff located at its corporate office in Palatine, Illinois.
"This acquisition merges the best of DocMagic’s enterprise-level methodologies with Doc-Tech’s wildly successful boutique-style customer service model," said Dominic Iannitti, president and CEO of DocMagic.
"Our synergies are powerful, and when combined, are nothing short of a home run for both entities," he added.
The acquisition adds to DocMagic’s already robust suite of electronic products and services with the addition of the Document Express' EliteDocs Series.
Document Express customers will continue to enjoy the EliteDocs series experience, and the company officials report that it will not require any change to their user experience.
DocMagic will retain Document Express' corporate headquarters based in Palatine, Illinois, establishing a strong presence that is close to the East Coast.
Lori Jonson will serve as DocMagic’s director of client services and Michael Chaney will assume the role of senior sales executive.