CARSON, Calif., Aug. 4, 2011 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the mortgage industry’s leading provider of loan document and automated compliance solutions, announced that it has earned a spot on Mortgage Technology magazine’s 2011 Top 50 Mortgage Technology Service Providers list. This marks the tenth year DocMagic has made the list.
According to the magazine, a SourceMedia publication, the general criteria the judges use to evaluate technology providers include four primary areas: customer satisfaction, functionality, market share and revenue model. This year, however, the evaluation was expanded to include uniqueness of value proposition, major technology advancements, results achieved, strategic direction and technology vision, to name a few.
The competition was stiff this year with numerous applications being submitted to the magazine. It was reported that 24 new companies with compelling solutions and major technology advancements earned a spot on the 2011 list.
“To be named to Mortgage Technology magazine’s coveted Top 50 list is an honor and a testament to the power of the advanced solutions we offer and continue to expand on,” said Dominic Iannitti, president of DocMagic. “Traditionally, people have known us as a document management company. However, over the last couple of years we’ve added robust compliance functionality to our platform and built a well-staffed legal and compliance department to position us to manage the myriad of regulatory changes our customers face every day. We’re innovating more now than ever before; the judges placing us on the 2011 Top 50 list that demanded a new set of requirements reflects our ever-evolving platform and organizational strategic direction.”
Founded in 1988 and headquartered in Carson, Calif., DocMagic, Inc., is a mortgage technology company that develops software, processes and web-based systems for the production and delivery of compliant loan document packages. DocMagic provides compliance expertise regarding the completion of all applicable forms and both guarantees and warrants that all agency forms are up-to-date and in compliance with GSE requirements. DocMagic’s compliance experts and in-house legal staff constantly monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit our website at www.docmagic.com .
SourceMedia provides market information, including news, analysis, and insight to the financial services and related industries such as accounting and technology, through its publications, industry-standard data applications, seminars and conferences. SourceMedia’s 750,000 worldwide clients and subscribers range from c-level executives to business-unit heads to line managers – from the front office to the middle office to the back office. The company employs more than 1,000 employees worldwide, with headquarters in New York and offices in Chicago, Washington, DC, and London (www.sourcemedia.com).
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News Source: DocMagic, Inc.