Editor’s Note: This story originally appeared in the November edition of ReportM.
Headquarter: Torrance, California
Contact: 800,649,1362; DocMagic.com
Leadership: Dominic Iannitti, President and CEO; Gavin T. Ales, Chief Compliance Officer; Alan Brisbane, Chief Operating Officer
About: DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, electronic signature and comprehensive electronic mortgage solutions for the mortgage industry. DocMagic develops award-winning software, mobile applications, processes and web-based systems for the production and delivery of compliant loan document packages.
Year of creation: 1987
Staffing statistics: > 50% of employees are women, 56% of employees are minorities
- Blood donations
- Breast Cancer Awareness Month
- Childhood Cancer Awareness Month
- Los Angeles Children’s Hospital
- Red Nose Day (helping poor and disadvantaged children in the United States and around the world)
- ReportMList of the 25 best FinTech innovators
- PROGRESS in Lending has rewarded DocMagic with several technological innovation awards
- October Research / The Title Report awarded DocMagic an innovation award for automating the close process
- The City of Torrance awarded DocMagic the City’s annual Business Advantage Award for its work in the local community
Advantages and advantages: In addition to offering a full range of health and wellness benefits, DocMagic also offers a 401 (k) plan. During periods of work from home due to COVID-19, the president of the company personally sent “care packages” to employees’ homes, which included snacks, cookies, meat, fish and other surprises. In addition to recruiting the best and the brightest, DocMagic establishes a clear career path for business and technological excellence that is unmatched in the mortgage industry. DocMagic employees are happy and cared for like family, with average tenure being 12 years and advancement occurring regularly.
Headquarter: King of Prussia, Pennsylvania
Contact: 844,724,3687; SagentLending.com
Leadership: Dan Sogorka, CEO; Tim Von Kaenel, Director of Innovation; Uday Devalla, Technical Director
About: Sagent Lending Technologies, the second-largest utility software company in the United States since launching in 2018, is modernizing the lending and homeownership experience for 14 million (and growing) borrowers. The nation’s top repairers use Sagent’s flexible and highly configurable software to engage borrowers and earn loyalty, lower service costs, ensure compliance, and increase the value of service rights throughout full market cycles. Sagent’s Account Connect consumer platform and Bank / Lender LoanServ and Tempo laws enable departments to compassionately care for consumers, no matter where they are in the loan lifecycle, while respecting state and federal regulations and protecting banks / lenders at all times.
Year of creation: 2018
Additional offices: South Bend, IN; Melbourne, Florida
Give back: Sagent is a member of the National Association of Minority Mortgage Bankers (NAMMBA). Sagent CEO Dan Sagorka is a NAAMBA Visionary, a designation for CEOs, senior leaders and industry stakeholders who actively support and encourage diversity and inclusion in the real estate finance industry.
- ReportM: Top 25 companies to work for (2018)
- DS News: Industry MVP in Loss Mitigation Services (2020)
- PROGRESS in Lending – Industry’s Best Innovator (2020)
Advantages and advantages: Sagent is extremely user-friendly for remote working, with associates located across the country. Sagent is committed to hiring associates who live the values of the company and who pursue its vision of modernizing the loan department. Sagent employees benefit from a generous 401 (k) retirement savings plan with company matching that exceeds market benchmarks. Sagent is offering an exciting new family planning benefit to employees in 2021, which will support associates with various actions such as egg freezing, in vitro fertilization, adoption and surrogacy. Sagent has also implemented a formal employee-led recognition program, an internal rewards program where each employee is eligible to receive one-time bonuses linked to their performance and milestones achieved, and a formal review program with appraisals. quarterly and 360-degree commentary.
Click on here to read the full list on the digital version of the November issue of MReport.