DocMagic and LendingQB Team_ Integrate Two Platforms

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					PRESS RELEASE: DocMagic and LendingQB Team, Integrate Two Platforms :: Tue, 25 Sep 2012, ... Page 1 of 2




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   Banking and Finance News

   PRESS        RELEASE:
   DocMagic and LendingQB Team, Integrate Two Platforms
   Tue, 25 Sep 2012, 02:59:17 EDT

   COSTA MESA, Calif., Sept. 25, 2012 (SEND2PRESS NEWSWIRE) --
   LendingQB, a provider of end-to-end loan origination software,
   announced that they completed a seamless interface with DocMagic's
   document production and compliance technology. The integrated
   solution provides users working in LendingQB's loan origination
   system (LOS) with seamless access to DocMagic's document
   preparation functionality. The companies partnered to make the
   process of ordering, sending, signing and receiving compliant
   mortgage documents as effortless as possible.

   The new interface completely embeds DocMagic's functionality within
   LendingQB's LOS, preventing users from ever having to leave the
   environment in which they are accustomed to working in-LendingQB.
   All activities, from selecting document packages to auditing data,
   occurs in LendingQB's centralized database, eliminating the need to
   re-key information and potential loan data mismatches, thus ensuring accuracy and compliance with all state and federal
   regulations.

   The most impressive feature of the seamless interface, however, is the addition of DocMagic's eDelivery and eSign features.
   Using this part of DocMagic's solution, borrowers are able to conveniently, expeditiously and accurately sign documents
   electronically using DocMagic's technology. Once signed, DocMagic instantly places all documents into LendingQB's
   electronic document management system.

   "Many LOS integrations that are completed today are not truly seamless and at one point force users to leave the LOS and
   perform actions such as data touch up and package ordering within the document provider's system, without any data going
   back into the lender's LOS," remarks Steve Ribultan, director of business development at DocMagic. "While this method
   works, it isn't ideal. On the other hand, the tight integration we have with LendingQB allows lenders to generate accurate
   compliant documents the first time-every time-while remaining in their native system of record, thus ensuring data
   consistency."

   Binh Dang, president of LendingQB, noted: "Metrics that we track in our system revealed that people were spending entirely
   too much time keying data and changing loan information in the document provider's system, and then having to go back and
   reconcile the data in our LOS. This might amount to just a few minutes of effort per loan, but when calculated across multiple
   users and loan files, it becomes a substantial loss of productivity. This loss of time and inefficiency was the impetus for us to
   accomplish a better way to order mortgage documents."

   Dang added: "The interface we developed with DocMagic aids in our goal of cutting clients' loan production labor costs in half.
   Without the interface, there's a lot of wasted, non-value-added activity that transpires with every loan. By leveraging
   DocMagic's innovative eDelivery and eSign technology, we'll quickly achieve our goal."

   About LendingQB:




http://send2press.com/newswire/print/news_DocMagic-and-LendingQB-Team-Integrate-Two-Platfor...                                 9/25/2012
PRESS RELEASE: DocMagic and LendingQB Team, Integrate Two Platforms :: Tue, 25 Sep 2012, ... Page 2 of 2




   LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services
   for the mortgage industry. The LendingQB LOS is a 100 percent Web-based, true end-to-end enterprise-class loan origination
   platform. The solution is designed to meet the needs of all types of mortgage lenders-large or small, wholesale or retail,
   correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a
   consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the
   utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational
   performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit
   www.lendingqb.com.

   About DocMagic:

   Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, processes and web-based
   systems for the production and delivery of compliant loan document packages. DocMagic guarantees and warrants that all
   agency forms are up to date and in compliance with GSE requirements. The company's compliance experts and in-house legal
   staff constantly monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more
   information on DocMagic, visit www.docmagic.com.

   CONTACT:
   Joe Bowerbank
   Profundity Communications, Inc.
   949.378.9685
   jbowerbank@profunditymarketing.com.


   NEWS SOURCE: LendingQB

   Send2Press® is the originating wire service for this story.



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   001.shtml



   For more information about this news release, contact LendingQB directly through their Web site found in the above press release, and NOT

   Send2Press.



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http://send2press.com/newswire/print/news_DocMagic-and-LendingQB-Team-Integrate-Two-Platfor...                                                 9/25/2012

				
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