DocMagic and Guaranteed Rate Partner to Reduce Closing Times

May 22, 2018

DocMagic has announced that retail mortgage lender Guaranteed Rate can now cut closing times by electronically signing mortgage closing documents in advance via “FlashClose,” which allows customers to opt-in, review and complete most documents in advance of the notary arriving, saving an hour or more at the closing table–with some averaging a mere 10-minute appointment to provide inked signatures.

“Guaranteed Rate is always looking for ways to simplify the process using innovative technology to enhance the customer experience,” said Jim Hettinger, Executive Vice President of Operations for Guaranteed Rate. “With the successful launch of FlashClose, powered through our partner DocMagic, this tool adds speed, convenience and accuracy to the closing process.”

Dominic Iannitti, President and Chief Executive Officer at DocMagic, said, “Guaranteed Rate is a leader in mortgage technology innovation and collaborating with them on this project has created a solid hybrid eClosing approach that saves a lot of time for both borrowers and closing agents. The fashion in which Guaranteed Rate is leveraging our technology has resulted in the successful adoption of a sound, compliant, secure hybrid eClosing that is unique to their retail lending business strategy.”

About the author

NationalMortgageProfessional.com

Link copied

Published

May 22, 2018

Analysis and Data

Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...

Wholesale

The Loan Store Rebrands As Averra Financial

The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings

The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...

Oct

Denver, CO

More from

Tech

Lender Price Puts AI Agents To Work Behind Pricing

New POD agents are designed to automate rate, LLPA, and eligibility updates while keeping human review in the process

Tech

Oct 02, 2026

Newrez Turns Servicing Data Into Repeat Business For Brokers

HomeHub expansion routes financing interest from protected wholesale borrowers back to their originating loan officers

Tech

Sep 30, 2026

Elio Bought A Mortgage Brokerage. Now It's Using AI To Scale Its LO Ranks.

The startup emerged from stealth with $5.1 million after acquiring Hightide Mortgage, and growing from eight to roughly 40 LOs, betting AI can change the economics of the brokerage model

Tech

Sep 30, 2026

Experian Expands Payroll Verification Reach With Workday Deal

Integration adds to growing competition to give mortgage lenders faster access to borrower income and employment data

Tech

Sep 28, 2026

UWM Puts Broker Pipeline Behind An AI Voice Command

ChatUWM replaces the lender’s InTouch mobile app, letting brokers ask about expiring locks, loan updates, guidelines, and other pipeline information by voice

Tech

Sep 24, 2026

For LOs Using AI, More Content Isn’t The Point

Kyle Raineri shares how originators can use AI to create social media content, build borrower trust, and strengthen real estate agent relationships

Sales and Marketing

Sep 24, 2026

Popular