Avista, DocMagic announce collaboration.

Columbia, South Carolina-based Avista Solutions--a provider of Web-based, end-to-end mortgage loan origination software--announced in December it has integrated the Avista Agile [TM] loan origination system (LOS) to DocMagic, a loan document solution produced by Carson, California-based Document Systems Inc., a loan document production company.

The integration to DocMagic streamlines the loan document production process for Avista Solutions customers, giving Avista customers access to DocMagic's innovative technology, including its eDisclosure and eSign features, as well as DocMagic's renowned customer service, according to Mark Phlieger, Avista Solutions' chief executive officer.

"Companies like ours often get requests from customers to integrate to others, and DocMagic has been one of the most requested integrations," said Phlieger. "We are pleased to fulfill our customers' requests."

Avista users can leverage DocMagic's eDisclosure feature, which allows lenders to deliver and get receipt confirmations of disclosure documents via e-mail. DocMagic monitors the entire eDisclosure process, notifying lenders when borrowers view their documents and mailing printed copies of the documents to borrowers if they fail to view them electronically within 48 hours, explained Phlieger.

This electronic option saves lenders the time and money required to mail disclosure packages to each new loan applicant, according to Patrick Harkins, sales manager at DocMagic.

"At a time when the industry is struggling to be in compliance with upfront disclosures, DocMagic can lend invaluable support. In fact, one of the biggest tasks in 2009 will entail tackling compliance," said Harkins. "DocMagic helps companies stay in compliance with no forms management, and offers free training and support, complimentary high-cost analysis, an eSign feature and the ability to do everything paperless."

Harkins added that Avista's well-respected place in the mortgage technology industry and its technological compatibility with DocMagic makes the partnership a great fit for DocMagic.

"Everyone we work with says Avista Solutions does a great job," said Harkins. "Avista offers an excellent product at a reasonable price, and it has the integration support that we require. The partnership is a positive alliance for both of us."

DocMagic is now fully operational within the Avista Agile LOS origination platform.