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Eye on the Industry: Updates on DocMagic Northpointe and More…

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Learn more about who is moving and which companies are partnering for growth in this activity update.

DocMagic Inc, the provider of fully-compliant loan document preparation, regulatory compliance, and comprehensive eMortgage services, announced that it has processed more than 300 million mortgage-related electronic signatures. “Borrower demand is driving the increase in eSignings, and lenders are choosing DocMagic to get a consistent, compliant eSigning solution that spans the original loan estimate (LE) to the final closing disclosure (CD),” said Dominic Iannitti, President and CEO of DocMagic. This milestone achievement is the direct result of increased adoption of several DocMagic technologies that feature its comprehensive eSigning platform, which can be accessed as a software-as-a-service (SaaS) or on-premise enterprise platform. Each of DocMagic’s digital platforms reports a significant increase in volume, which the company attributes to lenders’ growing need to prove a TRID-compliant, 100 percent paperless mortgage process.

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Hunter-GorogLandmark Network Inc a national appraisal management company, announced that President & COO Hunter Gorog has decided to leave the company after a successful eight-year tenure helping grow the firm from $300,000 to over $13.5 million in annual revenue. Gorog is departing to pursue other professional opportunities and will assist the company during the transition. He remains a Partner and Board Director. “Hunter has been critical to Landmark’s success and our explosive growth over the last eight years. I want to thank him for the vision, creativity, and dedication he brought to the company and wish him well in his future endeavors,” said Erik Richard, Founder and CEO of Landmark.

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Maryland-based mortgage technology solutions provider, Aspen Grove Solutions, is collaborating with Lift Strategic Partners to increase the company’s institutional presence. Leveraging its capability and capacity to manage a complex institutional customer base, Aspen plans to expand its presence across residential servicing and asset management. The company’s partnership with Lift Strategic Partners and its recent internal expansion are steps that the company is taking towards realizing its vision for growth. Aspen has been providing technology solutions to the mortgage default services industry since 1997. It’s products include a property servicing platform focusing on solutions to manage everything related to the Property Asset, as well as Aspen’s Property Servicing platform is unique to the industry.

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Derek DelangeNorthpointe Bank has announced the appointment of Derek DeLange as VP of Loan Systems.  In his new role, DeLange will be is responsible for maximizing the efficiency and quality of business operations and information services that utilize mortgage technology. DeLange brings over 15 years of information technology experience to the position, much of which was spent working directly with mortgage technology, including various loan origination systems and servicing systems. Prior to Northpointe Bank, Derek was a consultant in the field of information technology leadership. “As a leading residential lender in the nation, Northpointe Bank is very pleased to have Derek on our team. He understands how to effectively utilize technology that simplifies the loan process for our customers,“ said Gerhard Naude, EVP and COO at Northpointe Bank.

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Bill Neville (002)LoanLogics, a Pennsylvania based technology provider in loan quality management and performance analytics, announced the appointment of veteran financial services leader Bill Neville as its President and COO. In his new role, Neville will be responsible for overseeing all operational controls, technology and software development, and the procedures and staff required to scale and grow the company. In addition to his executive role, Neville will also be a member of LoanLogics' Board of Directors. Brian Fitzpatrick, CEO and former President of LoanLogics, will focus on strategy, revenue growth, new clients, new products, and continue to improve customer satisfaction. As the CEO, Fitzpatrick is also LoanLogics' “chief culture officer” and will be responsible for ensuring the organization remains faithful to its values during a time of rapid growth.

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. You can contact her at Radhika.Ojha@theMReport.com.
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