Powerful addition makes DocMagic the undisputed leader in eSign & eVaulting Solutions

TORRANCE, Calif.—October 16, 2014—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today it has acquired award winning industry innovator and leader in electronic software solutions, eSignSystems, from WAVE Systems Corp. (NASDAQ: WAVX). As part of the acquisition, DocMagic will bring on the entire management team of eSignSystems, including co-founder and EVP of Sales and Marketing, Kelly Purcell, and SVP of Technology Solutions, Jonathan Kearns.

“The acquisition of eSignSystems by DocMagic is a marriage of extraordinary talented and visionary people with incredible SaaS and on-premise products and services,” said Dominic Iannitti, President and CEO of DocMagic. “The management team at eSignSystems has done an exceptional job bringing innovative solutions to the forefront of e-mortgage adoption, and their contribution to the eMortgage revolution cannot be overstated. By combining the best of eSignSystems on-premise software with DocMagic’s SaaS solutions, eSignature patent, compliance and enterprise infrastructure, there is no question that this acquisition was meant to be. Simply put, we are just better together.”

The acquisition adds to DocMagic’s already robust suite of electronic products and services. eSignSystems products include, SmartSAFE® a solution enabling the eDelivery, eSigning, and life-cycle management of the electronic record, including short and long term retention of electronic files (eVault), SmartIDENTITY® a solution for validating signers in real-time, SmartFORMS®, a solution for generating proper and personalized forms, and SmartCLOSE®, a solution for simplifying the MERS® eRegistry Integration.

“We are elated about the DocMagic acquisition of eSignSystems,” said Kelly Purcell, EVP of Sales and Marketing for eSignSystems. “Combining the in-depth industry experience of both DocMagic and eSignSystems gives our collective customers and partners business model choices with enterprise level expertise in both on-premise and SaaS electronic solutions. During the acquisition process, we experienced firsthand the commitment from DocMagic ensuring the success and prosperity of our customers through its continued support of innovative 'first-to-market' robust technologies, and excellence in customer service.”

“The acquisition for DocMagic has spectacular timing for electronic mortgage adoption,” said Tim Anderson, Director of eServices for DocMagic. “Not only are DocMagic products and services the most easily integrated tools available in the market, the comprehensiveness of the combined eSignSystems and DocMagic offerings is now officially off the charts. That makes DocMagic the e-Powerhouse.”

About eSignSystems

eSignSystems, formally a division of Wave Systems Corp. (NASDAQ: WAVX) is a leading provider of lifecycle management of electronically signed, legally binding documents, contracts and digital transactions. SmartSAFE enables companies to manage business processes and trans-actions entirely online. Organizations can address certain regulatory compliance issues, improve productivity and efficiency in processing transactions, and achieve significant cost savings through the elimination of document transportation costs, processing and storage. For more information, visit www.esignsystems.com.

About DocMagic

DocMagic, Inc. is a leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. DocMagic guarantees and warrants that all agency forms are up to date and in compliance with GSE requirements. The company’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 www.docmagic.com.

Technology. Innovation. Service.
MBA's Annual Convention & Expo
October 19-22 | Las Vegas, NV

Stop by booth #321 or schedule a meeting to experience the magic of new Mobile Technology, Integrated Disclosure Demonstrations and New Construction Documentation. DocMagic is proud to celebrate its 25th year of continual innovation in providing end-to-end Document Production, Electronic Delivery, Execution and Compliance Solutions for the Mortgage Industry.

We're pioneering new technology!

BorrowerMobile
DocMagic's visionary mobile application for tablets and smart phones provides all of the features your Borrowers need to keep their finger on the pulse of their loan status.
■ Keeps borrowers on top of loan status in real-time
■ Lenders can communicate loan conditions instantly
■ Integrates with any loan origination software system

New Integrated Disclosure
Let us show you what we are doing to prepare for Integrated Disclosures.
■ Learn about our targeted testing beginning soon
■ Pick up an implementation timeline to better prepare yourself

Construction Loan Documentation
Construction-only and Construction-to-Perm loan programs are now available for all 50 states, District of Columbia, and the Virgin Islands.
■ Fixed-rate and ARMS Programs
■ LIBOR and T-Bill indices available
■ Accommodates either purchases or refinances

Meet us at the conference. Schedule a meeting now!

There is no more pressing matter to DocMagic’s clients than compliance.

Doing business in an environment when the rules are changing and the penalties for non-compliance are so very high can be extremely challenging. It can lead to high levels of stress, even if you don’t make a mistake. The Compliance Edge™ can help!

Listen Now:

[audio mp3="https://docmagicinc.files.wordpress.com/2014/10/dsi-pod-10-2-14.mp3"][/audio]

Click here to get an inside look of the Compliance Wizard newsletter. For full access or more information about DocMagic’s Compliance Edge™ Website visit us at: www.docmagic.com/compliance or call us at 800-204-4255.

Press Release: Consortium lenders who use this LOS now have access to industry-leading doc prep and eDelivery

TORRANCE, Calif.—DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry, announced today that DocMagic is now available from within the Liquid Logics loan origination system (LOS) produced by bFocused. Liquid Logics is a cloud based LOS that is currently in use by a consortium of consumer direct lenders.

“We’re very proud of this integration effort and what it will mean to users of the Liquid Logics LOS,” said Steve Ribultan, Director of Business Development for DocMagic. “We’re integrating everything: document packages, compliance, eSign, e-delivery, e-appraisal, BorrowerMobile, and perhaps most important the delivery of electronic documents to borrowers. It is a seamless integration that allows lenders to check compliance, generate document packages and deliver them to borrowers electronically from within their “system of record”.

“This is not a client/vendor relationship in the traditional sense, in which the partners want to be equal and yet the client calls all the shots,” said Sam Kaddah, president and CEO of Liquid Logics LLC. “It is a proactive partnership whose aim is to provide our customer base a friendly, cooperative, and truly web-based LOS application including docs, mobile experience and compliance.”

DSI’s comprehensive compliance and pioneering in the industry’s eDelivery/eSign tools were primary factors in Liquid Logics’ decision to pursue the partnership, Mr. Kaddah said. “There are other doc providers but no one else has the ‘proactive compliance checks’ that DSI offers. We can launch compliance checks whenever material changes in the information hit the LOS system. It returns feature-rich findings that people in the system can use to make changes on the fly.”

Currently available functionality includes production, e-delivery and eSignature of the borrower’s origination documents, including initial disclosure and redisclosure document packages. Additional functionality will be rolled out to users over the next few months. Ribultan says he expects a complete integration by year’s end.

“Our lender clients expect to have access to best software and services available anywhere in the industry,” said Derrick Logan, Senior Vice President of Strategic Development for Loan Logics. “This integration with DocMagic delivers that. We’re proud to be working with DocMagic.”

About Liquid Logics LLC

Liquid Logics, Kansas City, was founded in 2004 and is the first Cloud-based Mortgage Loan Origination System built around the consumer process and required information flow instead of the outdated industry workflow. Built to ensure high levels of customer satisfaction, Liquid Logics includes support for the entire loan production cycle, including a Cloud-based consumer portal, a trusted automated underwriting engine, full support for appraisal management -- with or without an AMC -- and a built-in, fully configured analytics dashboard. Liquid Logics is the only LOS that manages complex communications between the borrower, the lender and other third parties while maintaining a detailed audit trail of both communications and changes to the loan for compliance purposes. The LOS manages all communications between the parties, regardless of their platform, including mobile device, PC or tablet. For more information, please visit http://liquidlogics.com or contact the firm directly at 816-295-6240.

About DocMagic

DocMagic, Inc. is a leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. DocMagic guarantees and warrants that all agency forms are up to date and in compliance with GSE requirements. The company’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 www.docmagic.com.

By Melanie Feliciano
ESRA Executive Board Member; and
Chief Legal Officer,
DocMagic, Inc.

I'm proud to be an executive board member of the Electronic Signature and Records Association (ESRA). Today I am sharing with you that eSignRecords2014, formerly the E-Signatures Conference, is taking place November 12-13 in New York City.

ESRA's annual conference serves as a platform for a wide variety of consumers, government entities and technology providers as well as organizations across several industries to share common goals, objective ideas, strategies and effective practices.

We will introduce a newly enriched and expanded program making this year a "must attend" event for both new and former attendees. I encourage you to join me and our fellow colleagues in the heart of Manhattan's Financial District to gain insight into emerging technologies, consumer engagement, contemporary industry practices, legal and regulatory matters, and evolving government trends.

The conference kicks off on Wednesday afternoon and concludes following a full day on Thursday. Additionally, an optional, pre-conference workshop will be held on Wednesday morning, offering an in-depth overview of e-signed records. Take a look at our information-rich agenda, which will include sessions offering CLE credits.

I look forward to seeing you in New York City, as we collectively help shape the future of eSignRecords . Last year's event sold out quickly, so please consider registering soon to ensure your participation.

Click Here to Find Out More

Grow your business without the fear of non-compliance.

When we talk to our lender clients to ask them what’s keeping them up at night, the number one answer we get is compliance. In this podcast, Ron discusses how failure to comply is simply not an option and how we see lenders throughout the industry reaching out for support.

Listen Now:
[audio mp3="http://docmagicinc.files.wordpress.com/2014/09/dsi-pod-0914-a.mp3"][/audio]

For more information on DocMagic's Compliance visit us at: www.docmagic.com/compliance or call us at 800-204-4255.

DocMagic is Proud To Be Participating In CFPB's eClosing Pilot Program.

In this edition of The DocMagic Moment, Ron discusses how the Consumer Financial Protection Bureau recently took a big step toward making the mortgage process easier and more satisfying for home loan borrowers.

Listen Now:
[audio mp3="https://docmagicinc.files.wordpress.com/2014/09/dsi-pod-0914-b.mp3"][/audio]

DocMagic and Servicelink present a FREE Flood Certification webinar!
Wednesday, September 10th, 10:00AM PT

You'll Learn:
■ What you need to know about flood compliance
■ Why mapping is everything when it comes to flood determination
■ The latest industry news

Our special guest speaker, Mike Hanson, Senior VP at ServiceLink National Flood has over 22 years in the flood determination and compliance industry. Mike will bring his unique perspective on the latest compliance regulations, explain recent developments in risk mapping, and demonstrate a wide-ranging knowledge of the Flood Insurance Industry.

Ron Carillo, DocMagic’s Training Manager will demonstrate DocMagic’s dedicated and proprietary flood app through ServiceLink! Learn how to access existing flood cert orders, order 2nd certifications for FREE, edit borrower information online in real time, service transfer capabilities, upload and view documents and much more.

Register Now, It's FREE >

Michael P. Hanson
Senior Vice President, Operations
Michael Hanson currently serves as the Senior Vice President for ServiceLink National Flood, A Black Knight Company. With over 22 years of service in the flood determination and mortgage compliance industry, Mr. Hanson is able to draw upon significant experience and knowledge to facilitate customer and industry needs. His current position involves oversight of business planning, integrations and order processing. Mr. Hanson received his Bachelor’s degree from Randolph-Macon College in Ashland, VA and attended The University of Texas at Arlington for his MBA. He maintains memberships in the National Flood Determination Association, currently serving as the association’s Vice President, the Texas Floodplain Managers Association, the Association of State Floodplain Managers and has been a Certified Floodplain Manager since 2002.

Ron Carrillo
Training & Education Supervisor
Ron Carrillo joined DocMagic in 2002 and is responsible for training DocMagic's customers on our many products and services. Hosting a live weekly webinar as well as creating training videos and podcasts, Ron keeps customers informed of current updates, new features and the latest product enhancements. Ron earned his teaching credential from the University of San Diego.

Register Now, It's FREE >

Press Release:
They did it with an FHA hybrid eClosing earlier this year. This time, they tackle a VA loan.

TORRANCE, Calif.-September 2, 2014- DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry, is proud to announce that the firm has partnered again with Mountain America Credit Union to provide a paperless loan closing, this time for a loan insured by the Veteran's Administration. To the company's knowledge, this is one of the first VA loans that have been closed electronically since the VA made the announcement that it would begin accepting eSigned loan documents late last year.

"Mountain America Credit Union is committed to serving the men and women of the armed forces -- both those currently serving and our veterans -- by offering VA loans in a paperless environment," said Amy Moser, Vice President and Mortgage Services Manager for the Utah-based credit union. "Until now, few institutions could serve our military personnel effectively, especially those serving overseas. This loan closing proves that we can accommodate the needs of our armed forces personnel and veterans no matter where in the world they may be."

This is a significant milestone in the evolution of eClosings. Despite a VA announcement last fall that electronic signatures are acceptable for use in conjunction with the VA Home Loan program, uncertainty about whether electronic signatures were valid regarding initial disclosure only, or both initial and final disclosure(s) constrained adoption of the program. The VA's announcement confirms that its eSignature program applies to all disclosures. Mountain America Credit Union used DocMagic's patented eSign functionality for the disclosures and the closing documents.

"The government agencies involved in the home finance industry have now all confirmed that eSign is an important technology for the future," said Tim Anderson, Director of eServices for DocMagic. "Mountain America Credit Union has led the way again, becoming among the first, if not the first, to go the distance with paperless origination of a VA loan. We congratulate Mountain America for their leadership and for making it easier to do business with them than their paper based competitors."

Among the many benefits of electronic transactions, beyond gains in efficiency, recordkeeping, and security, members of the military and their families, including active duty personnel serving around the globe, gain the convenience of closing VA loans remotely. This is a significant improvement over paper-based disclosures and documentation. DocMagic and Mountain America executives are pleased to be among the first to make this service available to the industry.

About DocMagic

DocMagic, Inc. is a leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. DocMagic guarantees and warrants that all agency forms are up to date and in compliance with GSE requirements. The company'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 www.docmagic.com.

Press Release:
DocMagic participates in offering industry platform to support paperless lending

TORRANCE, Calif.-August 21, 2014-DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry, announced today that its strategic alliance with Pavaso will be expanded to allow the two firms to serve Franklin First Financial, Melville, New York, in the Consumer Financial Protection Bureau's eClosing pilot program.

"Lenders are now ready for a completely paperless loan closing process," said Dominic Iannitti, President and CEO of DocMagic. "Digital Close from Pavaso is designed to be a neutral technology platform that seamlessly integrates with other systems. That, along with DocMagic's eSign, eVault and eDelivery offerings, provides a fully supported, shrink-wrapped solution for anyone to do an eClosing. This partnership will show the industry and the CFPB that any lender can make the closing process better for consumers through the use of a completely electronic process without incurring the time and cost of creating or maintaining their own systems."

Pavaso and its Digital Close platform have been approved by the CFPB for participation in the eClosing pilot program.

"One of the prior issues with getting adoption for eClosing was providing the title and closing agents with a simple solution they could use to support their part of the closing process," said Tim Anderson, Director of eServices for DocMagic. "Pavaso has developed a system that can easily be implemented as a web service, allowing all participants involved in the transaction to sign up, log on and use it."

On its website, the CFPB says it expects its new pilot program to make it easier for borrowers to understand the closing process, and give borrowers more time to review the closing documents while providing them time to find and fix errors in documents prior to closing. All of these goals relate to complaints the agency has received from consumers.

"Paperless lending is the future for our industry and our Digital Close opens up a world of opportunity for stakeholders who want to better serve consumers and comply with new federal regulations," said Chris Ayoub, Pavaso's chief operating officer. "We can drive costs out of the equation for lenders and give borrowers the experience they've been seeking in the home finance process."

About Pavaso
Pavaso is an innovative technology company in the Real Estate Closing industry. We've created a powerful digital closing platform that takes the best of the web's collaboration and social features, integrations, analytics and enterprise scalability to bring everyone in the closing process together on the same page. For more information on how our platform and solution offerings can help you meet TILA-RESPA compliance, digitally transform your organization, and dramatically enhance the consumer experience, call us at 214.377.1795 or visit www.pavaso.com to request a demonstration of this revolutionary solution.

About DocMagic
DocMagic, Inc. is a leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. DocMagic guarantees and warrants that all agency forms are up to date and in compliance with GSE requirements. The company'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 www.docmagic.com.