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Lenders One Partners with DocMagic for eClosing

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Lenders One Cooperative, a national alliance of independent mortgage bankers, has announced the launch of the Lenders One eClosing by DocMagic, a complete eClosing solution for borrowers, lenders, and investors.

The eClosing solution provides an entirely paperless workflow that integrates every component of the closing process and guides users through each step. The solution was launched during the Lenders One Summer Conference in Salt Lake City, Utah. According to a Lenders One statement, "When using the solution, the average loan closing “at the table” can be reduced from 60 minutes to 15 minutes, helping to dramatically improve the borrower experience."

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