Skip to main content

DocMagic Announces the Availability of Its Free eSign Technology

Sep 28, 2011

DocMagic Inc. has announced that it is making its eSign platform available to any user at no cost. DocMagic's eSign solution gives users the ability to capture electronic signatures for any document saved in a .pdf file format. It digitally seals those documents to prevent fraud, provides access and audit trail capabilities, document versioning, and e-mail notifications. The eSign Solution works by leveraging DocMagic’s proprietary ClickSign technology, which has traditionally been used by borrowers to electronically execute agreements, disclosures and notices provided in conjunction with a mortgage transaction. DocMagic has taken this technology to a new level by enabling open access to this innovative system—for free. “We developed eSign to be used for any document purely as goodwill for the industry, and we did it for free to encourage greater adoption of electronic signatures,” said Dominic Iannitti, president and chief executive officer of DocMagic. "I strongly believe that our offering will revolutionize the way documents are signed by creating a domino effect among companies using it. We are laying the foundation for other software vendors to follow suit and our aim is to reduce the need to rely on paper and help organizations go green.” Setup and use of the platform is quick, easy and completely free to anyone interested in using it. An application programming interface (API) is available that provides a collection of XML-based Web services that enables seamless integration with any platform. As a result, data can easily be passed from eSign to various back-office systems. “Using our eSign solution to sign sensitive documents such as contracts, NDAs and proposals is as legally effective, valid and enforceable as documents that are printed and signed in ink," said Iannitti. "When multiple parties are involved in signing a document, that document is often printed several times, then faxed or emailed, and the process is repeated until all signatures are collected. This manual method will eventually become obsolete and we’re jump-starting that movement in the mortgage space.”
About the author
Published
Sep 28, 2011
NAR's Yun Predicts 6-8 Rate Cuts Over Next Two Years

The NAR Chief Economist offers a blended forecast for 2025 and 2026

Nov 11, 2024
Joint Ventures Amp Up, loanDepot Partners With Smith Douglas Homes

The joint venture, Ridgeland Mortgage, combines new home construction with a mortgage lending platform

Nov 11, 2024
FED Cuts Funds Rate By 25 bps

Federal funds rate lowered to a target range of 4.50%-4.75%.

Nov 07, 2024
UWM Profits Decline Sharply In Q3 2024

UWM CEO Ishbia says the declining fair value of MSRs had an impact

Nov 07, 2024
Early Voters Flag U.S. Economy As Top Issue

More Americans think mortgage rates will fall if Trump wins

Nov 04, 2024
Freddie Mac's Q3 Earnings Boost Net Worth To $56 Billion

Lower rates usher in more purchase and refinance activity

Oct 30, 2024