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Stag-deflation threatens, Fed’s zero percent rate beckons homeowners

National Mortgage Professional
Dec 18, 2008

Lenders One, DocMagic partner for mortgage loan fulfillment MortgagePress.comLenders One, DocMagic, disclosures and closing documents, Scott Stern, document preparation, Steve Ribultan Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, has developed a partnership with Document Systems Inc. (DSI) to provide cooperative members with preferred pricing of DocMagic's fully compliant initial disclosures and closing documents. DocMagic seamlessly integrates with all leading loan origination software systems to provide lenders with error-free mortgage documents and the latest document delivery options. "DocMagic solutions can be implemented with ease and have the flexibility to be used in a variety of business models for lenders of all sizes," said Scott Stern, CEO of Lenders One. "Our members will improve customer service and their competitive advantage in the marketplace with the quality and innovation of products provided from this relationship." DSI joins Lenders One's host of preferred vendor relationships, including other document preparation providers. The cooperative saw great opportunity in partnering with DSI to help members streamline processes with e-disclosures and closing documents reviewed by in-house compliance experts. Stern added, "The ability to print and send closing documents, via e-mail or to another location for pick-up, is a huge cost saving for our members. Additionally lenders can instantly send borrowers fully compliant initial disclosures at point of sale." "DSI is very excited to become a part of the Lenders One family of banks and vendors. We take pride in our more than 20-year proven track record of reducing operational costs and maximizing profits," said Steve Ribultan, sales manager for Document Systems Inc. Using our services gives lenders the ability to generate fully compliant and accurate documents and disclosures the first time, every time." Stern continued, "Teaming with DocMagic is just one example of why Lenders One members continue to succeed in today's market. Given the tools to enhance their product and service offerings, our membership can grow their portfolio and distinguish their business with lasting presence in their communities." For more information, visit or
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