MBA Premier Member Profile: DocMagic
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)
Founded in 1987 and headquartered in Torrance, Calif., DocMagic provides Document Generation, Compliance, eSign, eDelivery and comprehensive Digital Transaction Solutions for the mortgage industry. The company’s compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information, visit www.DocMagic.com.
Key Senior Personnel
–Dominic Iannitti, President & CEO
–Jonathan Kearns, Vice President of Technology Services
–Gavin T. Ales, Chief Compliance Officer
–Melanie Feliciano, Chief Legal Officer
MBA INSIGHTS: What is the most important issue facing your company right now?
DOMINIC IANNITTI, DOCMAGIC: Our customers are often set on solving a specific issue or focusing mainly on one area of their process. We continue to approach technology solutions from a long term and comprehensive viewpoint.
As a technology provider with a suite of solutions that support the lender’s process from start to finish, we tend to look at the entire process as a whole. Ultimately, we serve as a technology adviser to our customers, helping to transform their processes through the implementation and management of new platforms, apps, architecture and technology.
INSIGHTS: What are some key trends your company is tracking?
IANNITTI: As long-time supporters of the digital mortgage model, we have been watching several key trends in the industry. In this challenging environment lenders are facing rising origination costs, increased competition, and the continued pressure of compliance regulations. Lenders need to digitize their processes to stay competitive, remain compliant and to attract new buyers. The right digital technology solutions favor the lender who implements even a partial digital mortgage solution now and can position lenders to deliver a profoundly improved borrower experience.
INSIGHTS: Why did your company join the Mortgage Bankers Association?
IANNITTI: DocMagic joined the Mortgage Bankers Association to advance the industry in the sectors where we can provide expertise, learn from peer-to-peer networking groups and to attend conferences and events. The opportunities to reach our customers through increased exposure and recognition have been a consistent reason that we attend events every year.
DocMagic representatives serve on MBA boards, panels and councils providing research, specialized input and helping to seek mutual solutions to industry issues.
INSIGHTS: How has being an MBA Premier Member benefited your company?
IANNITTI: The increased exposure and recognition of Premier level membership provides us with a wide variety of new channels to communicate the benefits our suite of mortgage technology to prospects and our customers.
(MBA Premier Member Profiles are a service provided by the Mortgage Bankers Association and MBA NewsLink as a service to MBA Premier Members. Publication does not constitute an endorsement of a particular company, product or service. For more information about the MBA Premier Member program, contact Rashida Holmes at rholmes@mba.org or 202/557-2779.)
