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Dominic Iannitti, the founder, president and CEO of DocMagic, the mortgage document services provider, passed away last Thursday due to complications from pneumonia.

Iannitti created the business plan for DocMagic while he was a senior at Long Beach State (now California State University) and founded the company in 1987. Iannitti’s goal for his company was to reduce the volume of paper generated in the loan document preparation process.

“He is credited with automating the loan document preparation, management, and delivery processes; pioneering eVault and eSign capabilities; introducing the first end-to-end eClosing platform; and many other notable mortgage technology advancements,” said the company in a press statement, adding that he received multiple awards during his career, most recently last month Tech All-Star Award from the Mortgage Bankers Association.

Pat Theodora, DocMagic’s chief financial officer and Iannitti’s longtime business partner of 37 years, has been appointed the company’s new president and CEO.

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“The entire family at DocMagic is deeply saddened by Dominic’s passing,” said Theodora. “He was a true pioneer in our industry and a mentor to many. I am committed to honoring his legacy by continuing to drive innovation and deliver exceptional solutions to clients. This is what my friend and partner would have wanted, and I am laser-focused on implementing the company’s succession plan without any interruption to operations.”

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