DocMagic in Calif. Buys Doc-Tech in Illinois

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DocMagic, a loan preparation company in Torrance, Calif., has agreed to acquire Doc-Tech, a mortgage documentation firm in Palatine, Ill.

The financial terms of the deal were not disclosed. The purchase expands DocMagic’s electronic signature and delivery capabilities, the company said in a press release Wednesday.

“This acquisition merges the best of DocMagic’s enterprise-level methodologies with Doc-Tech’s wildly successful boutique-style customer service model,” said Dominic Iannitti, DocMagic’s president and chief executive, in the release.

Lori Johnson, Doc-Tech’s president, will join DocMagic as director of client services. DocMagic also plans to maintain Doc-Tech’s headquarters in Illinois.

Doc-Tech is the parent company of Document Express.

Article source: http://www.nationalmortgagenews.com/news/technology/docmagic-in-calif-buys-doc-tech-in-illinois-1043326-1.html

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