TORRANCE, Calif., June 10, 2024—DocMagic, Inc., the premier provider of compliant loan document generation, automated regulatory compliance, and comprehensive eMortgage services, announced that its president and CEO, Dominic Iannitti, has been named one of three 2024 Tech All-Stars by the Mortgage Bankers Association (MBA). Winners were announced at the MBA’s MISMO Summit in San Francisco on June 4. This marks the second time that Iannitti has been honored with the coveted award, previously earning the accolade in 2014.
Awarded annually, the Tech All-Star award is given to a handful of industry leaders who have made outstanding contributions in mortgage technology. This year, the MBA selected only three winners to recognize.
Iannitti was honored for his latest achievements in developing software solutions that facilitate electronic mortgage transactions and the processing of an eMortgage. In 2014, Iannitti earned a Tech All-Star award for his automation of the loan document preparation, management and delivery processes.
The MBA listed Iannitti as a rare second time Tech All-Star winner, citing his pioneering development of a paperless mortgage closing platform coupled with his industrywide mission to encourage user adoption. Since the E-Sign Act of 2000, Iannitti has been laser-focused on removing manual steps from the mortgage process using digital lending tools. In 2014, he launched Total eClose™, the industry’s first 100 percent, end-to-end eClosing system offered by a single-source vendor. In the last 10 years, DocMagic has driven the use of eVaults and eNotes among direct lenders, investors, servicers, warehouse lenders and real estate entities.
“"With DocMagic’s longtime goal to digitize mortgage processes and reduce paper, we constantly push the boundaries of innovation into unchartered territories, serving as a springboard for business process transformation,” stated Iannitti. “I am honored and humbled to receive the prestigious Tech All-Star distinction for a second time in my career. This accolade represents our commitment to developing market-leading digital lending solutions that work to reshape the mortgage industry one groundbreaking solution at a time.”
Iannitti added that there is more work to be done with digital mortgage adoption. The company reported processing over a half billion eSignatures in 2021 followed by significant increases in eNote, eVault and RON adoption in 2022. In addition, Iannitti has continued to strengthen DocMagic's market share and solution capabilities, including incorporation of Artificial Intelligence. Moving forward, DocMagic has a number of new initiatives and projects in development that are slated to have transformative business impacts on the industry.
Iannitti’s complete Tech All-Star profile can be found in the Mortgage Banking Associations residential mortgage newsletter, MBA NewsLink: https://newslink.mba.org/mba-newslinks/june/mba-newslink-wednesday-june-5-2024/dominic-iannitti-keeping-his-eyes-on-the-e-goal-to-techallstar/
About DocMagic:
Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. is a leading provider of compliant document generation, automated compliance, eSignature, and comprehensive eMortgage solutions for the mortgage industry. The company’s solutions facilitate precision-based digital lending transactions, connecting industry participants and ensuring data integrity. With in-house compliance experts and legal staff, DocMagic monitors legal and regulatory changes at both federal and state levels. For more information on DocMagic, visit https://www.docmagic.com/.
