CARSON, Calif. /CitizenWire/ — DocMagic, Inc., a leading provider of document production and compliance technologies, announced that it has opened up the use of its eSign platform to anyone and everyone at no cost. DocMagic eSign provides for the secure capture of electronic signatures for all documents stored in the PDF file format. Documents are digitally sealed and access is provided to all parties with audit trail capabilities, document versioning, and email notifications. As a result, organizations save paper, time and money using eSign.
The eSign Solution works by leveraging DocMagic's proprietary ClickSign technology, which has traditionally been used by borrowers to electronically execute agreements, disclosures and notices provided in conjunction with a mortgage transaction. However, DocMagic has now extended the use of the technology by enabling open access to the innovative system – for free.
"We developed eSign to be used for any document for free to encourage greater adoption of electronic signatures," said Dominic Iannitti, president and CEO of DocMagic. "We strongly believe that our offering will revolutionize the way documents are signed by creating a domino effect among companies using it. This new offering lays the foundation for other software vendors to follow suit with the goal of reducing the need to rely on paper and help organizations go green."
Iannitti added: "Using our eSign solution to sign sensitive documents such as contracts, NDAs and proposals is as legally effective, valid and enforceable as documents that are printed and signed in ink. When multiple parties are involved in signing a document, that document is often printed several times, then faxed or emailed, and the process is repeated until all signatures are collected. This manual method will eventually become obsolete; as such, we're driving the utilization of eSignatures not just in the mortgage space, but universally."
Setup and use of the platform is quick, easy and completely free to anyone interested in using it. An application programming interface (API) is available that provides a collection of XML-based Web services that enables seamless integration with any platform. As a result, data can easily be passed from eSign to various back-office systems. DocMagic's eSign solution has been officially released and is now available for use at www.docmagic.com .
About DocMagic:
Founded in 1988 and headquartered in Carson, Calif., DocMagic, Inc., is a document technology company that develops software, processes and web-based systems for the production and delivery of documents. DocMagic provides compliance expertise regarding the completion of all mortgage forms and both guarantees and warrants that all agency forms are up-to-date and in compliance with GSE requirements. DocMagic'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 .
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