SmartCLOSE®
Secure, collaborative platform for real-time mortgage closing data exchange and validation.
Executive Summary
SmartCLOSE® by DocMagic, Inc. is a secure, cloud-based collaborative closing platform designed for the mortgage industry. It provides a centralized online environment where lenders, settlement providers, and other associates can securely view, edit, exchange, validate, audit, and track critical data and documents before the mortgage closing process. This ensures compliance and efficiency, streamlining the complex interactions required for a successful closing. The platform facilitates real-time collaboration, allowing all parties involved to work together seamlessly. It was specifically honed for TRID preparation and officially released in a secure cloud-based production environment in August 2015. SmartCLOSE aims to eliminate reliance on traditional, often fragmented, communication methods, enhancing accuracy and reducing delays in the digital workflow for mortgage origination and closing. DocMagic offers a robust API for system integration, enabling seamless connectivity with various Loan Origination Systems (LOS) and other platforms. The fee for SmartCLOSE includes unlimited collaboration partner access, making it a comprehensive solution for digital transformation in the mortgage closing process.
Use Cases
- Sharing and validating critical closing data among lenders, settlement providers, and associates.
- Auditing and tracking changes to closing documents and data in a centralized environment.
- Ensuring TRID compliance during the mortgage closing process.
- Facilitating real-time collaboration between all parties involved in a mortgage closing.
- Integrating with Loan Origination Systems (LOS) for seamless data flow and document access.
Features
Visibility
- Centralized Collaboration Portal: Provides a single, secure online environment for all parties to view, edit, and exchange critical closing data and documents.
- Real-time Data Tracking: Allows users to track the status and changes of closing data and documents in real-time.
Support
- Dedicated Training: On-request training sessions are available to help users maximize their use of SmartCLOSE.
Technical Specifications
- Architecture
- Cloud-Native with RESTful API
- Deployment
- SaaS
- API Available
- Yes
Integrations
- VirPack
- Wilqo's POP Platform
- Vesta
- NotaryCam
- KeyStoneB2B
- LendingPad LOS
Pricing
- Model
- Subscription-based with unlimited collaboration partner access
- 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.