The Three Percent Solution

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Th e M Rep o RT | 5 Mtech Most recently, he was SVP of production at Discover Home Loans, where he oversaw all mortgage production and was credited with building out the company's business. Prior to that, he was SVP of production at LendingTree Loans, where he led sales and processing teams across six states in generat- ing more than $4 billion in annual funding. His time at LendingTree also saw him serv- ing as VP and director of home equity. "Chad's vast knowledge and experience in consumer-direct lending combined with his energy and passion will be a tremendous asset to loanDepot as we continue to build our volume to exceed a 5 percent refinance market share in the next decade," said David Norris, the lender's president and COO. "I have the utmost confidence he'll be an exceptional leader for our direct lending business," he added. "We're very excited to welcome Chad to loanDepot as we prepare for our next phase of growth." Matt Martin Real Estate Acquires Online Real Estate Auction Company The real esTaTe services firm is beTTing ThaT The indusTry's fuTure lies in online sales. M att Martin Real Estate Manage- ment (MMREM), a diversified real estate services firm head- quartered in North Texas, announced in December that it had executed a definitive agreement to acquire online real estate auction company Founded in 2001 by a group led by real estate auction veteran Tony Isbell, RealtyBid was one of the earliest movers in the online property auction arena. It specializes in the expedited sale of many classes of residen- tial and commercial real estate, including bank-owned assets, investment properties, condominiums, and others. Working through RealtyBid, MMREM hopes to expand its capabilities and speed up its prop- erty disposition, the company said. "Our company has been at the forefront of diversified property services for 10 years and has thrived by being nimble and innovative," said Matt Martin, CEO of MMREM. "Online processes are the future for real estate asset sales, and MMREM is now able to help clients make that evolutionary change with the ad- ditional synergies provided by" Under the acquisition agreement, RealtyBid will retain its brand name and operate as a wholly owned subsidiary of MMREM, keep- ing its current management team. Financial details were not disclosed. "We founded to accelerate transactions and streamline the real estate sales process for all parties," said Isbell, who will continue to serve as president of RealtyBid. "Like MMREM, is dedicated to constant improvement, in- novation, and delivering outstanding value to the real estate and financial industries." DocMagic Acquires Doc- Tech Corp. docmagic will absorb The company's enTire Team, as well as iTs clienT base of lenders. California's DocMagic, a provider of compli- ant loan document preparation services, has acquired the assets of Doc-Tech Corporation, according to a company announcement. As part of the acquisition, DocMagic will bring on Doc-Tech's entire team, including co- founder and president Lori Johnson (who will serve as DocMagic's director of client services) and EVP of sales Michael Chaney (who will assume the role of senior sales executive). DocMagic will also take on Doc-Tech's customer base of lenders, which it will continue to support through the company's corporate office in Illinois. "This acquisition merges the best of DocMagic's enterprise-level methodologies with Doc-Tech's wildly successful boutique- style customer service model," said Dominic Iannitti, DocMagic's president and CEO. "Our synergies are powerful, and when combined, are nothing short of a home run for both entities." Iannitti said DocMagic's decision to bring on Doc-Tech and its staff was driven in part by the latter company's reputation for delivering exceptional customer service. "I can't say enough good things about the hands-on service-focused model that Doc- Tech provides. ... Lori and her team have done an extraordinary job of achieving the highest level of customer satisfaction amongst their varied client base, which is a core value of DocMagic," he said. For her part, Johnson expressed excitement for the acquisition. "We couldn't have asked for a better home for our clients than DocMagic," she said. "There isn't a hotter, more effective doc prep company in the industry than DocMagic, and we are elated to bring our valued clients and strategic partners into the DocMagic family." The acquisition is DocMagic's second in the fourth quarter of 2014, coming on the heels of the company's purchase of eSignSys- tems in October.

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