In an effort to help lenders quickly and easily transition to an eClosing workflow, DocMagic has developed a solution that goes beyond basic optical character recognition (OCR), which can rely on slower manual and repetitive processes. Instead, DocMagic has leveraged critical document meta-data and applied AI and machine learning identification logic to develop its AutoPrep technology.

DocMagic, which provides some of the most powerful and widely used solutions in the mortgage space, continues to deliver new forward-thinking innovations, including Total eClose, an end-to-end eClosing system that provides everything a company needs for a 100% paperless eClosing.

This week's mortgage tech rundown highlights the latest news in mortgage technology, featuring product updates, integrations and announcements.

DocMagic’s suite of technology solutions connect entities in the digital mortgage ecosystem to exchange data in real time. From borrowers to originators, lenders, settlement providers, investors and servicers – DocMagic facilitates paperless mortgage transactions.

Pavaso recently appointed Tim Anderson to the position of senior vice president of business development, where he will be responsible for developing products and strategies that drive the implementation of Pavaso's suite of digital products and services.

Freddie Mac is integrating DocMagic technology into its software suite to facilitate the storage and control of eNotes. The government sponsored enterprise is incorporating DocMagic’s eVault technology and its SmartREGISTRY platform to store documents, perform automated eNote certification for Freddie Mac eMortgage lenders and enable the electronic transfer of these notes to other eVault systems.

What borrowers want is easy, convenient lender interaction… free from the hassle of paper, faxes, emails etc. At the same time, lenders and closing agents need a way to keep borrowers happy and responsive in order to keep things flowing. The LoanMagic app is a win on both sides of the relationship.

As the mortgage industry moves forward into its digital future, more and more companies are partnering up to help accelerate that transition. Here’s a look at the latest round of companies working together to push the industry forward.

Electronic document generation coupled with automated compliance is key to delivering a verifiable service protecting all parties in the mortgage process. Providing a scalable and adaptable set of tools, DocMagic’s automated compliance solution allows lenders to respond quickly and easily to shifting regulatory requirements. 

It's a bird, it's a plane, it's DocMagic MortgageHippo! The two companies partnered to bolster MortgageHippo's digital lending platform with DocMagic tech solutions.