DocMagic

{{Short description|American technology company}}

{{Infobox company

|name=DocMagic Inc.

|logo=

|type=Private

|foundation={{start date and age|December 10, 1987}} (as Document Systems, Inc.)[https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=01603692-4021154 "Articles of Incorporation of Document Systems, Inc."] California Secretary of State. Retrieved 2019-06-21.

|website={{Official website | https://www.docmagic.com/}}

|location= Torrance, California

|location_country = U.S.

| key_people = Pat Theodora (CEO)

}}

DocMagic, Inc. is an American technology company.[https://www.housingwire.com/articles/43781-here-are-11-tech-companies-revolutionizing-mortgage-lending "Here are 11 tech companies revolutionizing mortgage lending"] HousingWire. Retrieved 2019-02-27.[https://www.ft.com/content/b55df5ca-b6d6-11e8-b3ef-799c8613f4a1 "ICE makes its move in $15tn US mortgage market"] Financial Times. Retrieved 2019-02-27.[https://www.housingwire.com/articles/32636-lenda-to-critics-this-is-the-future-of-mortgage-lending "Lenda to critics: This is the future of mortgage lending"] HousingWire. Retrieved 2018-10-18. The company was founded by its current President and CEO, Pat Theodora & co-founder Dominic Iannitti, in 1987 and is headquartered in Torrance, California, USA.[https://nationalmortgageprofessional.com/news/24645/new-25000-square-foot-docmagic-tech-center-now-online "New 25,000-Square Foot DocMagic Tech Center Now Online"] National Mortgage Professional Magazine. Retrieved 2018-11-21.[https://www.housingwire.com/articles/43438-guaranteed-rate-partners-with-docmagic-cuts-borrower-time-spent-at-closing-table-to-10-minutes "Guaranteed Rate partners with DocMagic, cuts borrower time spent at closing table to 10 minutes"] HousingWire. Retrieved 2018-10-18.[http://www.mortgagenewsdaily.com/channels/pipelinepress/10112018-msa-compliance.aspx "Non-QM, Digital, Tech Products; MSA Compliance Webinar; Vendors Raising Money"] Mortgage Daily News. Retrieved 2019-01-18.[https://www.americanbanker.com/news/what-it-took-to-make-a-fully-paperless-mortgage "What It Took to Make a Fully Paperless Mortgage"] American Banker. Retrieved 2019-02-27. DocMagic is based on a software as a service (SaaS) model; DocMagic's principal product, its Document Generation Solution, is a software which allows users such as banks or mortgage brokers to input variables to generate documents used in the mortgage process.

In 2014, DocMagic acquired eSignSystems, another software as a service company which had offered electronic notarization of documents to its users.[https://www.mortgagehippo.com/blog/docmagic-integrates-esign-technology-mortgagehippos-digital-lending-platform/ "DocMagic Integrates eSign Technology with MortgageHippo’s Digital Lending Platform "] MortgageHippo. Retrieved 2019-06-20.[https://www.globenewswire.com/news-release/2018/08/06/1547629/0/en/Lenders-One-Announces-Lenders-One-eClosing-by-DocMagic-at-the-Annual-Summer-Conference.html "Lenders One Announces Lenders One eClosing by DocMagic at the Annual Summer Conference"] Global News Wire. Retrieved 2019-06-20.

DocMagic has since incorporated these technologies into its own services; by 2022, DocMagic had processed more than 800 million signatures using the eSign service.[https://www.mortgagehippo.com/blog/docmagic-integrates-esign-technology-mortgagehippos-digital-lending-platform/ "DocMagic Integrates eSign Technology with MortgageHippo’s Digital Lending Platform "] MortgageHippo. Retrieved 2019-06-20.[https://www.globenewswire.com/news-release/2018/08/06/1547629/0/en/Lenders-One-Announces-Lenders-One-eClosing-by-DocMagic-at-the-Annual-Summer-Conference.html "Lenders One Announces Lenders One eClosing by DocMagic at the Annual Summer Conference"] Global News Wire. Retrieved 2019-06-20.

DocMagic's facility was designed by Rania Alomar Design & Architecture and was recognized by the American Institute of Architects with a 2013 AIA Institute Honor Award for Interior Architecture.[https://www.architectmagazine.com/awards/aia-honor-awards/aia-announces-the-2013-honor-awards-interior-architecture_o "AIA Announces the 2013 Honor Awards: Interior Architecture"] Architect Magazine. Retrieved 2019-06-20.

In July 2020, DocMagic, Inc., has collaborated with Simplifile to introduce modern workflow efficiencies that would further digitize the closing phase, including automation after completion.{{Cite web|last=|first=|date=25 July 2020|title=Docmagic And Simplifile Team On Eclosing Adoption, Enotarizations, And Erecordings|url=https://nationalmortgageprofessional.com/news/75601/docmagic-simplifile-team-eclosing-adoption-enotarizations-erecordings|archive-url=|archive-date=|access-date=10 August 2020|website=nmp}}