Texas Capital Bank has implemented DocMagic, Inc.’s Total eClose solution enabling the bank to function as an eWarehouse lender, the companies announced.
Texas Capital now can accept and fund eNotes from its lender customers that want to speed the process of closing and selling loans. Total eClose enables completely paperless digital closings. Texas Capital recently funded its first eNote with a client using DocMagic’s eMortgage technology suite.
“DocMagic’s eClosing and eMortgage solutions have provided Texas Capital Bank with the tools necessary to incorporate the funding of eNotes into our everyday operational procedures,” Texas Capital Bank Executive Vice President Donnie Martin said in a press release.
“We believe the digital mortgage revolution and acceptance of eNotes will continue to grow,” Martin added. “We are pleased to have partnered with DocMagic to build out the infrastructure needed to support the eNote funding process at the bank, which in turn supports the trend towards digital mortgages.”
DocMagic President and CEO Dominic Iannitti said Total eClose will help Texas Capital become an eWarehouse leader.
“In this industry, it’s forward-thinking, tech-savvy organizations like this that thrive, set the pace and reach their goals. They understand the fundamental role that advanced technology plays in their—and the industry’s—progress. We look forward to collaborating further as we help drive true end-to-end eMortgage adoption,” Iannitti said.