Collaboration Between Forward-Thinking Lender and DocMagic s Dedicated eClosing Team Bring Host of Unprecedented Industry Efficiencies
TORRANCE, Calif., May 25, 2021 (SEND2PRESS NEWSWIRE) â DocMagic, Inc., the premier provider of fully-compliant loan document preparation, automated regulatory compliance, and comprehensive eMortgage services, announced that Atlantic Bay Mortgage Group®, a national independent mortgage banker, has successfully processed more than 10,000 paperless eClosings. The tech-savvy lender is utilizing DocMagicâs Total eClose⢠platform, with eNote generation, integrated eVault technology, and compliant document production. Together, the solution set has helped catapult Atlantic Bay into an industry-leader position in eMortgage lending and complete digitization of the closing process.
In January of 2020, Atlantic Bay had executed only seven eNotes but concluded the year with more than 7,000 eNotes registered with MERS. As of May 2021, the lende