docmagicProvider of loan document creation and e-mortgage services this week announced the integration of its Total eClose platform finestraMortgageBotLos’s solution. The integration aims to provide an improved customer experience for mortgage borrowers by streamlining the closing process.
“We have demonstrated the power of TotalEclose through our integration with Finastra’s MortgageBotLOS, creating an innovative automation tool for each eclosing that originates through the solution,” said Dominic Innity, President and CEO of Docmagic. To be.” “This collaboration not only saves time and effort, but also increases secondary market capacity, eliminates laborious manual tasks, lowers cost per loan, and streamlines the closing process.”
The integration combines comprehensive eClosing technology with data-driven origination workflow automation. It enables generation of compliant loan documents, facilitates e-signature of the borrower, and allows remote online notarization (RON).
Total eClose also empowers Finastra users to generate eNotes, establish a direct connection with MERS eRegistry and securely store documents in a certified eVault.
“Total eClose’s integration into MortgageBotLos provides new tools to enhance the customer experience. We are thrilled to provide our customers with the efficiencies and conveniences this partnership brings,” said Marieke Theriault, Director of Product Management at Finestra. “Together, we are setting new industry standards and making the mortgage closing process easier and more streamlined for borrowers across the United States.”
Finastra’s MortgageBottleLoss, a web-based mortgage lending platform, supports retail, wholesale and correspondent business channels. Trusted by over 1,400 customers nationwide, it helps streamline the origination process and reduce operating costs in mortgage lending.
DocMagic’s Total eClose solution provides a secure, streamlined and completely paperless digital environment. Offering an all-in-one application, it automates essential tasks from document creation to eClosing and eNotarization.
DocMagic, founded in 1987 and headquartered in Torrance, California, is a provider of fully-compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. The company develops software, mobile apps and web-based systems for the production and distribution of compliant loan document packages.
Finastra is a global provider of financial software applications and marketplaces. Serving institutions of all sizes, Finastra provides software solutions and services in credit, payments, treasury and capital markets, and universal banking. It is trusted by 8,100 institutions, including 84 of the world’s top 100 banks.
This content was generated using AI and edited by HousingWire editors.
