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MortgagePoint January 2024

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January 2024 » thefivestar.com 11 January 2024 disclosures from DocMagic without having to build a custom connection. "We are thrilled to strengthen our collaboration with Dark Matter, offering top-tier documentation, compliance, and eServices while also providing custom- ers of the Empower system exceptional support backed by our award-winning customer service," DocMagic President and CEO Dominic Iannitti said. "We look forward to continuing to integrate our two services further, supplying our proprietary ClickSign, eNotary, and Total eClose capabilities." As a result of the latest enhance- ments to the integration, DocMagic services are now also available for whole- sale and home equity originations in the Empower system. "It's really significant when two best-in-class vendors like Dark Matter and DocMagic integrate their products, so customers no longer have to build out custom integrations—now it's a true union," said Rich Gagliano, CEO of Dark Matter Technologies. "We're taking that value and convenience even further by bringing it to multiple origination channels." NEW AMERICAN FUNDING NAMES SNAPDOCS AS NEW DIGITAL CLOSINGS PROVIDER S napdocs announced that New American Funding (NAF) has selected its eClosing platform to accelerate digital closing adoption and deliver a streamlined experience to borrowers and the loan officers who serve them. NAF, a privately owned mortgage lender, plans to fully embrace digitiza- tion by scaling hybrid, eNote, and remote online notarization (RON) transactions. "We are dedicated to meeting the needs of the next generation of home- buyers," said Kevin English, COO of New American Funding. "Our mission is to become one of the largest lenders in the industry within the next three years, and a top producer of remote online notarization (RON) closings. We firmly believe that Snapdocs is the optimal partner to help us accomplish these goals. The Snapdocs platform enables a more efficient closing process, provides better service to our valued customers, and positions us for future growth." With the Snapdocs eClosing plat- form, NAF will benefit from Snapdocs' proprietary AI-powered technology, which reduces manual tasks, eliminates errors, and provides a seamless and automated borrower experience. The platform integrates with major loan origination systems and standardizes all closing types, enabling faster and more profitable closings. NAF plans to incorporate additional Snapdocs functionality over time to enhance its quality control and collabo- ration with title partners. "Snapdocs is proud to advance the digitization of the mortgage market through our partnership with NAF, an industry-leading innovator," said Michael Sachdev, CEO of Snapdocs. "We are committed to delivering hands-on support and guidance to ensure NAF effectively achieves eClosing adoption across its portfolio." "It's really significant when two best-in-class vendors like Dark Matter and DocMagic integrate their products, so customers no longer have to build out custom integrations—now it's a true union." —Rich Gagliano, CEO, Dark Matter Technologies

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