DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, has partnered with leading real estate document collaboration and recording technology provider Simplifile to deliver new process efficiencies that further digitize the closing process, including post-closing automation.

Simplifile is part of ICE Mortgage Services, which applies technology and high-capacity infrastructure to make the mortgage process electronic and more efficient, the company announced in a release.

DocMagic’s Total eClose platform is a single-source platform that eliminates paper and offers major advantages over piecemealed providers that only address components of the overall eClosing process. The integration between Total eClose and Simplifile’s Collaboration and Post Closing services includes access to Simplifile’s eEligibility data for eNotarization acceptance.

Further, loan closings done through DocMagic’s Total eClose platform now can be routed automatically to the settlement agent thorough Simplifile for electronic closing coordination, thus streamlining access to DocMagic’s Total eClose room for the eClosing. Those recorded documents and the title policy are then returned electronically along with associated recording metadata to the lender, the company said.

“This integration further streamlines the post-closing process by extending the eClosing process to include county recordings,” DocMagic President and CEO Dominic Iannitti said in the release. “Our partnership with Simplifile provides their vast network of more than 39,000 settlement agents with easy access to DocMagic’s Total eClose services.” 

Using Simplifile, the release added, agents can seamlessly connect to all of DocMagic’s eClose-enabled lenders in one place to exchange documents, data and closing logistics, thus enabling them to more easily support lenders’ eClosing initiatives. In addition, Simplifile provides eClosing support and training to all agents to help drive adoption and success of eClosing efforts.

“Process consistency is key to driving eClosing adoption with lender closing teams and settlement agents, regardless of what percentage of loans qualify to be closed digitally or where individual loans fall on the digital spectrum,” Simplifile President Paul Clifford said. “The combination of DocMagic’s proven eClosing technology and Simplifile’s settlement agent network creates a powerful foundation that enables lenders to scale their digital mortgage efforts as jurisdictional and investor requirements allow and capture every drop of efficiency and cost-savings possible.”  

The integration with Simplifile extends automation of the process through post-closing to ensure final documents, data and fee information are returned to the lender after recording is complete, which provides lenders with greater control over the process.