DocMagic Announces the Acquisition of Doc-Tech Corp. – NMP Skip to main content

DocMagic Announces the Acquisition of Doc-Tech Corp.
Dec 11, 2014

DocMagic Inc. has announced that it has acquired the assets of Doc-Tech Corporation, d/b/a Document Express, a boutique document preparation company. The acquisition comes on the heels of DocMagic completing the purchase of award-winning eSignSystems in October. As part of the acquisition, DocMagic will bring on the entire team of Doc-Tech Corp, including co-founder and Doc-Tech President Lori Johnson and Doc-Tech EVP of Sales Michael Chaney. In addition, DocMagic gains DocTech’s customer base of lenders, which it will continue to service and support using DocTech’s service-oriented staff located at its corporate office in Palatine, Ill.

“We are very excited about this particular deal,” said Dominic Iannitti, president and CEO of DocMagic. “I can’t say enough good things about the hands-on service-focused model that Doc-Tech provides. This acquisition merges the best of DocMagic’s enterprise-level methodologies with Doc-Tech’s wildly successful boutique-style customer service model. Our synergies are powerful, and when combined, are nothing short of a home run for both entities. 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.”

The acquisition adds to DocMagic’s already robust suite of electronic products and services with the addition of the Doc-Tech’s Elite Docs Series. Doc-Tech’s customers will continue to enjoy the Elite Docs Series experience, and the company officials report that it will not require any change to their user experience.     

“We couldn’t have asked for a better home for our clients than DocMagic,” said Johnson, president of Doc-Tech. “Our customers will now have access to an enterprise-class infrastructure, significant expert resources to draw upon, advanced compliance technology, fail safe security, and innovative first-to-market solutions. 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."  

DocMagic will retain Doc-Tech’s corporate headquarters based in Palatine, Ill., establishing a strong presence that is close to the East Coast. Jonson shall serve as DocMagic’s director of client services and Chaney will assume the role of senior sales executive. DocMagic’s strategic counsel, Silvia San Nicolas Esq., handled the transaction and terms of the deal were not disclosed.

Dec 11, 2014
More from
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
Deal With Opendoor Allows Zillow Back Into iBuying Business

As it releases rough 2Q earnings report, Zillow announces partnership with former rival.

Aug 04, 2022
ATTOM Sells Off RealtyTrac, Homefacts

Websites now the property of Nations Info; financial terms of the deal were not disclosed.

Industry News
Aug 01, 2022
UWM Among Companies Selected To Host AI Bootcamp 

Mark Cuban Foundation’s Artificial Intelligence Bootcamp initiative teaches AI concepts to underserved high school students.

Industry News
Aug 01, 2022
Ribbon Expands into Kentucky; Now In 15 States

Cash-offer fintech expands to Louisville market with partner Finish Line Realty.

Industry News
Jul 26, 2022
How Tech Can Help Mortgage Lenders Stay Ahead of Fintech Competitors

Learn to swim rather than sink against the emerging tide of competition.

Jul 20, 2022