eDecision™
Automates and perfects digital closing eligibility for mortgages.
Executive Summary
eDecision™ by DocMagic, Inc. is a specialized solution designed to fully automate and perfect the determination of digital closing eligibility for mortgage loans. It significantly expands the level of analysis applied to ensure compliance with the complex and evolving landscape of e-eligibility regulations. The system performs a comprehensive e-Eligibility audit, confirming whether a loan can proceed with eNotarization based on the specific legislation pertinent to the property's location. Leveraging DocMagic's robust API-driven ecosystem, eDecision seamlessly integrates with existing lending platforms, enabling lenders to streamline their digital workflows. This automation minimizes manual tasks and helps to eliminate reliance on in-person notarizations, thereby enhancing efficiency and accuracy in the digital mortgage process. By providing clear eligibility determinations, eDecision empowers lenders to meet consumer demand for digital closings without delays, ensuring compliance and operational excellence.
Use Cases
- Automating the assessment of mortgage loan eligibility for digital closings.
- Performing real-time audits to ensure eNotarization compliance based on state-specific legislation.
- Streamlining the digital mortgage workflow by providing instant eligibility determinations.
- Mitigating compliance risks associated with varying digital closing and eNotarization laws across jurisdictions.
Features
Visibility
- Eligibility Status View: Provides a clear, real-time view of a loan's digital closing and eNotarization eligibility.
- Compliance Audit Trail: Detailed records of eligibility checks and compliance decisions for each loan.
Intelligence
- Automated Eligibility Determination: Automatically assesses loan data against current legislative requirements for digital closings.
- Jurisdictional Rule Application: Applies state-specific eNotarization and digital closing laws to determine eligibility.
Support
- Integration Support: Expert assistance for integrating eDecision with existing Loan Origination Systems (LOS) and other platforms.
Technical Specifications
- Architecture
- Modern, API-driven architecture supporting seamless integration with other platforms and browser-based data entry.
- Deployment
- SaaS
- API Available
- Yes
Integrations
- VirPack
- Wilqo's POP Platform
- Vesta
- KeyStoneB2B
- NotaryCam
- LendingPad LOS
Pricing
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About DocMagic, Inc.
DocMagic, Inc. is a leading mortgage technology provider offering end-to-end digital mortgage solutions. The company specializes in document generation, automated compliance, eSignature, eClosing, and eVault technology, leveraging AI and machine learning to streamline workflows for lenders, settlement services, and mortgage originators.