LendingPad, a cloud-based loan origination system provider, has integrated with DocMagic to offer document preparation services directly from the LendingPad platform.
The new integration gives access to DocMagic’s documents, disclosures and digital mortgage processes. It also enables users to order, generate, manage, receive, and deliver electronically-signed TRID-compliant documents.
“DocMagic believes in establishing system-to-system connectivity to as many parties as possible in order to efficiently and expeditiously complete transactions and close loans on time,” said Steve Ribultan, director of business development at DocMagic. “Partnering with LOS providers like LendingPad is key to our goal of eliminating paper, ensuring compliance, and making the end user’s job as easy as possible.”
“We are pleased to partner with the industry-leading loan document preparation provider and look forward to a long-term relationship with DocMagic,” said Wes Yuan, managing director of LendingPad’s parent company WEI Technology. “With both of our platforms being completely SaaS and Cloud-based, there are a number of additional capabilities we can jointly leverage to make the life of the lender, originator and borrower much easier via digital lending.”