[1]DocMagic [2] announced in a recent press release [3] that its eSign platforms [4] have reached more than 100 million mortgage-related eSignatures. DocMagic provides compliant loan document preparation services, compliance, eSign, and eDelivery solutions.
“We are very pleased with the sheer number of eSignatures that we are seeing executed among our client base,” said Dominic Iannitti, president and CEO of DocMagic. “This is positive news for the mortgage industry as a whole.”
DocMagic has two eSign platforms that clients can use for mortgage-related business. The eSign platform is a separate SaaS-based solution that features the company’s proprietary ClickSign technology. eSignSystems’ SmartSAFE XL eSigning, eDelivery and eVaulting is a platform that was added in 2014. DocMagic announced that this program is perfect for companies that need more flexibility, extendibility, and control during eSigning processes. According to the tech-provider, the technology surrounding the eSign programs is easy to use and intuitive, and takes signer through the document to efficiently, expeditiously, and compliantly submit eSignatures.
In 2011, DocMagic made their eSign program available for anyone to use to sign any document at no charge. According to their release, this was done to encourage all industries to adopt the eSignature process for their businesses. Documents that are signed using eSign are as legally effective, valid, and enforceable as documents that are signed with ink.
“In previous years, eSign adoption was much lower among lenders working with borrowers,” Iannitti said. “We have always encouraged clients to take advantage of our eSigning technology; this impressive number of transactions certainly reflects that.”