TheMReport — News and strategies for the evolving mortgage marketplace.
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TH E M R EP O RT | 9 MTECH Iannitti, President and CEO at DocMagic said. "The fashion in which Guaranteed Rate is leverag- ing our technology has resulted in the successful adoption of a sound, compliant, secure hybrid eClosing that is unique to their retail lending business strategy." Of note is that DocMagic offers a comprehensive eClosing solution called Total eClose that delivers fully paperless closings from start to finish. DocMagic's proprietary eSign platform is a component of Total eClose and can be accessed and implemented by lenders to help automate the closing process. Founded in 1988 and head - quartered in Torrance, California, DocMagic, Inc. develops software, mobile apps, processes, and web- based systems for the production and delivery of compliant loan document packages. The com - pany's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. Guaranteed Rate is one of the largest retail mortgage lenders in the United States. Headquartered in Chicago, the company has ap - proximately 210 offices across the U.S. and Washington, D.C., and is licensed in all 50 states. Since its founding in 2000, Guaranteed Rate has helped hundreds of thousands of homeowners with home purchase loans and refinances and funded nearly $19 billion in loans in 2017 alone. Trelix Adds Closing Services Solution CLOSING SERVICES SOLUTION PROVIDES NEW CLOSING SERVICES TO CLIENTS FROM START TO FINISH. T relix, a St. Louis-based provider of licensed fulfill- ment, quality control, and other due diligence products and services across the loan origina- tion and securitization lifecycle, announced the launch of its clos- ing services solution that helps mortgage lenders efficiently and properly execute and settle their loans. With the addition of clos - ing services, Trelix now provides a full suite of end-to-end fulfill- ment services for its customers. In today's evolving mortgage industry, Trelix offers innovative technology and services to help mortgage bankers and mortgage purchasers mitigate risks, increase efficiency, and reduce costs. With the addition of closing services, the Trelix platform helps its cli - ents streamline the start-to-finish closing experience from disclosure and document preparation to compliance review and closing coordination. The NMLS-licensed Trelix employees communicate regularly with all stakeholders and help improve closing cycle times— reducing timing uncertainty for originators, borrowers, and real estate agents. "As our customers work to minimize origination and under - writing costs and become more efficient, they can now turn to Trelix to provide an end-to-end experience for their borrowers," Jon Gerretsen, President of Trelix said. "We offer a seamless process for our customers and their bor - rowers to ensure we are putting their needs first so that lenders can stay competitive within the industry. With the end-to end fulfillment services we offer, our customers can use Trelix as the single vendor for all their mort - gage fulfillment needs." The Trelix suite of industry- leading mortgage fulfillment offer- ings includes: • Processing: Timely and accurate file preparation from application to closing. • Underwriting: Financial profile evaluation against lending guidelines and loan criteria to better inform loan request deci - sions. • Closing Services: Fast and accu- rate closing experience, including disclosure and document prepa- ration and compliance review.