Borrowers will now be able to complete loan applications in minutes instead of the typical waiting time of days and even weeks.
“eMortgages offer better speeds, security, quality and accuracy, which translate to a better borrower experience and more efficient, economical operations for the lender,” said Dominic Iannitti, president and CEO of DocMagic. “This integration further escalates those benefits by allowing two great technologies to operate at their peak collaborative performance.”
BeSmartee’s auto-population feature allows borrowers to complete applications faster, and its technology connects borrowers and lenders with providers – like credit bureaus and financial institutions – that can instantly validate the borrower’s income, asset and credit information.
“The BeSmartee/DocMagic integration avails a level of speed that the industry hasn’t experienced before but that, as more lenders discover its impact on sales and operations, more borrowers will come to expect,” said Tim Nguyen, co-founder and CEO of BeSmartee. “Together, we’re delivering the type of speed and service that millennials have come to expect, which is key to securing new business from this coveted group of borrowers.”
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DocMagic and BeSmartee announced their integration Tuesday that will create a fully digital application process for borrowers, according to a news release.