|[January 24, 2013]
DocMagic Brings New Technology Super Center Online
TORRANCE, Calif. --(Business Wire)--
Inc., the leading provider of fully-compliant loan document
preparation and delivery solutions for the mortgage industry, announced
today that its new multi-million dollar, twenty-five thousand sq.ft.,
state-of-the-art technology center in Torrance, Calif. is fully
The new center is built on blade server architecture to deliver
greater processing power and storage capacity, at will, in a much
smaller footprint. The servers are expandable, allowing DocMagic to add
capacity very quickly and easily, when required. There are no
limitations to the number of new customers, document orders and
compliance audits DocMagic can produce, delivering fully-compliant
disclosures and loan document closing packages within an unheard-of two
seconds. High performance servers, high-speed networking, optimized
storage access, and server virtualization are combined into an
integrated, smart infrastructure allowing unlimited scalability and
agility to meet the demands of our customers.
In addition to being fully compliant with SSAE-16 Type II security
protocols, among the toughest standards available in the financia
services industry, the new facility is guarded by multiple firewalls,
video cameras, movement sensors and biometric scanners. If sensors
detect trouble in the tech center an FM200 fire suppression agent will
be automatically released without damaging equipment and a 24/7
monitoring service will dispatch the Fire Department immediately.
In case of a primary power failure, the entire new DocMagic office
building is backed up by Kohler (News - Alert) Power System's Tier 3 EPA-Certified
Emergency, Fast- Response II Generating System. The switching process
takes less than 10 seconds, without user intervention to create a fault
tolerant system. Fueled by diesel, onsite fuel reserves will provide
power for at least a week. Additionally, the company
continues to operate a redundant "hot site" data center in Austin,
Texas, which would handle production in the case of an extended
"No one else in the industry has this kind of security and
processing power," said Dominic Iannitti, president and CEO of DocMagic.
"Our turn times now put us well ahead of any competitors and our
guaranteed compliance and state-of-the-art processing center make us the
smart choice for document-related processes."
"Compliance and data security are critical to today's banks and
lenders," Iannitti added. "We already had a safe IT platform with zero
security breaches in the 25 years since the company was founded, yet we
knew we could do more. For us, there was no alternative but to go
all-out with our technology infrastructure. With our new technology
center, we can confidently say there is no safer place for lenders to
create, transmit and store loan files than with DocMagic."
DocMagic, Inc. is a leading provider of fully-compliant loan
document preparation and delivery solutions for the mortgage industry.
Founded in 1988 and headquartered in Torrance, Calif., DocMagic, Inc.
develops software, processes and web-based systems for the production
and delivery of compliant loan document packages. DocMagic guarantees
and warrants that all agency forms are up to date and in compliance with
GSE requirements. The company's compliance experts and
in-house legal staff constantly monitor legal and regulatory changes at
both the federal and state levels to ensure accuracy. For more
information on DocMagic, visit www.docmagic.com.
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