Skip to main content

New 25,000-Square Foot DocMagic Tech Center Now Online

NationalMortgageProfessional.com
Jan 25, 2013

DocMagic Inc., a provider of fully-compliant loan document preparation and delivery solutions for the mortgage industry, has announced that its new multi-million dollar, 25,000-square foot, state-of-the-art technology center in Torrance, Calif. is fully operational. The new center is built on blade server architecture to deliver greater processing power and storage capacity. The servers are expandable, allowing DocMagic to add capacity very quickly and easily, when required. There are no limitations to the number of new customers, document orders and compliance audits DocMagic can produce, delivering fully-compliant disclosures and loan document closing packages within an unheard-of two seconds. High performance servers, high-speed networking, optimized storage access, and server virtualization are combined into an integrated, smart infrastructure allowing unlimited scalability and agility to meet the demands of our customers. In addition to being fully compliant with SSAE-16 Type II security protocols, among the toughest standards available in the financial services industry, the new facility is guarded by multiple firewalls, video cameras, movement sensors and biometric scanners. If sensors detect trouble in the tech center, an FM200 fire suppression agent will be automatically released without damaging equipment and a 24/7 monitoring service will dispatch the Fire Department immediately. “No one else in the industry has this kind of security and processing power,” said Dominic Iannitti, president and CEO of DocMagic. “Our turn times now put us well ahead of any competitors and our guaranteed compliance and state-of-the-art processing center make us the smart choice for document-related processes." In case of a primary power failure, the entire new DocMagic office building is backed up by Kohler Power System's Tier 3 EPA-Certified Emergency, Fast- Response II Generating System. The switching process takes less than 10 seconds, without user intervention to create a fault tolerant system. Fueled by diesel, onsite fuel reserves will provide power for at least a week. Additionally, the company continues to operate a redundant “hot site” data center in Austin, Texas, which would handle production in the case of an extended emergency. "Compliance and data security are critical to today's banks and lenders," Iannitti said. "We already had a safe IT platform with zero security breaches in the 25 years since the company was founded, yet we knew we could do more. For us, there was no alternative but to go all-out with our technology infrastructure. With our new technology center, we can confidently say there is no safer place for lenders to create, transmit and store loan files than with DocMagic.”
Published
Jan 25, 2013
More from
Tech
Black Knight Integrates Servicing Digital With AVM, PPE, And Loss-Mitigation Technology

Black Knight Inc., announces the enhancement of their servicing digital solution by integrating it with loss mitigation, automated valuation model (AVM), and product, pricing, and eligibility (PPE). 

Tech
Aug 04, 2021
Localize Raises $25M In Funding And Introduces Hunter, The Human-AI Concierge Service

Localize has developed an AI-driven platform to assist buyers and brokers in solving existing pain points related to the real estate market.

Tech
Aug 04, 2021
Flagstar Bank's Christy Soukhamneut To Appear On The Mortgage Leadership Outlook

The next installment in the Mortgage Leadership Outlook's Tech Stack Heroes collaboration with BeSmartee is set to feature Christy Soukhamneut, chief of staff/director of mortgage strategic initiatives for Flagstar Bank.

Tech
Aug 02, 2021
First Tech Federal Credit Union Chooses ICE Mortgage Technology’s EPPS

First Tech Federal Credit Union has chosen ICE Mortgage Technology’s EPPS to improve automation, compliance, and scalability to meet the demands of over 720,000 members. 

Tech
Jul 29, 2021
ICE Makes Enhancements To Its Mortgage Prepayment Model

The Intercontinental Exchange, Inc. made enhancements to its mortgage prepayment model with daily residential mortgage rates from ICE Mortgage technology.

Tech
Jul 27, 2021
Liquid Mortgage Technology Supports Efficient Debt Market

Liquid Mortgage received a U.S. patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets.

Tech
Jul 22, 2021