Join us on LinkedIn Follow us on Twitter Like us on Facebook Follow us on Instagram
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation4

Technology Corner

MortgageCountry implements DocMagic platform

Email A Friend Printer Friendly Version
0 comments
Technology Corner
Monday, July 27, 2020

DocMagic, Inc. revealed that MortgageCountry, a newly formed mortgage banker, has implemented its Total eClose platform and dynamic document preparation service, the company announced in a release.

Since its launch, the lender has closed loans in an average of 13 calendar days during the first two months of lending, aided by DocMagic’s 100 percent digital e-enabled documents working seamlessly with its eClosing interface, dramatically enhancing the client experience.

MortgageCountry identified a gap in the industry, dominated by large independent mortgage bankers and financial institutions after the financial crisis, which has significantly increased the consumer cost of a mortgage, the release said. The primary reason for rising consumer cost is the industry’s reliance on a large outside sales infrastructure, absorption of mortgage brokers, and corporate expense allocations throughout the banking industry.

“MortgageCountry is committed to reversing this negative trend while providing best-in-class products and services,” the company stated. “Consequently, MortgageCountry partnered with the best of the best technology partners to provide an intuitive and simple platform that meets clients everywhere and anywhere.”

MortgageCountry invested a substantial amount of time arriving at a long-term technology strategy that would completely set it apart from competitors. Their vendor due diligence and planning process was extensive, according to MortgageCountry, which entailed close collaboration with DocMagic’s eClosing team to fine-tune the process from start to finish.

“To be successful in today’s fast-moving, rapidly changing lending landscape, implementing the right technology is business-critical to disrupt an industry plagued with good ideas but poor execution,” MortgageCountry Communications/Social Media Director Sheila Salvitti said in the release. “MortgageCountry has successfully delivered on our promise to make the client experience as simple, quick and easy as possible. After DocMagic tailored Total eClose to our business needs and swiftly implemented the platform, we were flawless from the outset.

“DocMagic completely exceeded our expectations, helping us make our origination and closing process next-level efficient and creating a second-to-none closing experience for our clients,” Salvitti added. “After seeing the level of perfection achieved, we knew we chose the right technology partner to realize our belief that the sky is the limit.”

MortgageCountry reported that its clients consistently found the process intuitive, speedy and transparent by providing the complete closing documents well ahead of closing. Clients also stated that the process was much more comfortable than their prior experiences because they were able to review and sign the closing documents without the pressure of someone looking over their shoulder, and they valued the ability to sign on their own time without a rigid schedule.

“It was a pleasure collaborating with the tech-savvy, forward-thinking team at MortgageCountry in a combined effort to master the eClosing process before they ever funded a single loan,” DocMagic President and CEO Dominic Iannitti said. “The unprecedented success we had with the solution configuration, troubleshooting and implementation of the platform helped setup MortgageCountry to be one of the most efficient independent mortgage bankers in the country. Using our combined docs and eClosing solutions, they have established a clear competitive advantage while also future-proofing their organization with the most contemporary, innovative technology in the industry.”

DocMagic, Inc. is the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services.

 

Today's other top stories
Appraisal reviews are a ‘frontline defense’ against valuation risk, exec says
Cushman & Wakefield expand valuation, advisory department
S&P Case-Shiller Index records April gains
Veros, Valligent expands virtual evaluation platform
HUD secretary to eliminate green housing mandate


COMMENT BOX DISCLAIMER:
October Research is not responsible for the comments posted on its websites by readers. We will do our best to remove comments that include profanity or personal attacks or other inappropriate comments.
Comments:

Be the first to leave a comment.

Leave your comment
Please enter a comment.
CAPTCHA Validation
CAPTCHA
Code:
Please enter the word displayed in the image above. Please enter the word displayed in the image above.
: 
Please enter your name.
: 
Please enter your email address.
This field must contain a valid email address.
Your Email is for reporting purposes only. It will NOT be displayed.
Popularity:
This article has been viewed 1433 times.

Print Edition - July 7, 2025

News by Topic   In-depth Reports   Events   Subscribe
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
 
 
Expanding Your Appraisal Business
2025 State of the Industry
2024 Voice of the Appraiser
2024 Appraisal Technology
Marketing Your Business
Appraisal Bias
Archives
 
National Settlement Services Summit (NS3)
Women's Leadership Summit (WLS)
Webinars
 
Subscriptions
Free Email Updates
Try a Free Edition
News by Edition   About   Other Publications    
May 26, 2025
June 9, 2025
June 23, 2025
July 7, 2025
Archives
 
Valuation Review
Contact / Editors
Social Media
Advertise
Request a Media Kit
Are You An Expert?
Subscriber Agreement
 
Dodd Frank Update
RESPA News
The Title Report
The Legal Description
   
Copyright © 2002-2025 Valuation Review
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.valuationreview.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Dodd Frank Update
> RESPA News
> The Title Report
> The Legal Description
> NS3 The Summit
> Women's Leadership Summit
> October Research, LLC
> The October Store
Loading... Loading...
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
IN-DEPTH REPORTS
EVENTS
RESOURCES
FREE EMAIL UPDATES
ABOUT
SUBSCRIBE
Conference Coverage
Appraiser News
Commercial Corner
Legal News
Market Watch
Technology Corner
Sponsored Content
Current Edition
June 23, 2025
June 9, 2025
May 26, 2025
May 12, 2025
Archives
Expanding Your Appraisal Business
2024 Voice of the Appraiser
2025 State of the Industry
2024 Appraisal Technology
Marketing Your Business
Real Estate Compliance Outlook
Appraisal Bias
Finding & Training the Next Gen
Archives
National Settlement
Services Summit (NS3)
Women's Leadership
Summit (WLS)
Webinars
2025 Economic Outlook Series
New Appraisal Reports
Compliance Series
Technology Series
Manufactured Housing
CFPB's Shake-Up & Its Impact
Appraising Office Space Today
Eminent Domain
Securing Your Cyber Network
Keys For Operational Efficiency
Drones Do's and Don'ts
How to be an Expert Witness
Webinar Archives
Keys to Real Estate Podcast
Blog - Tuesdays with Mary
Executive Interview Series
Social Media
Valuation Review
Contact Us
Advertise
Request a Media Kit
Are You An Expert
Subscriber Agreement