Founder and CEO of DocMagic Passes Away
July 23, 2024
DocMagic announced that Dominic Iannitti, founder and chief executive officer of the company, unexpectedly passed away July 18 due to complications from pneumonia.
Iannitti founded DocMagic in 1987 with a vision to streamline the mortgage process and ultimately eliminate the reliance on paper. He is credited with automating the loan document preparation, management and delivery processes. He helped pioneer eVault and eSign capabilities, introducing an end-to-end eClosing platform.
“As we mourn the loss of our friend and business inspiration, DocMagic’s longtime leadership team is well-prepared to remain steadfast in our mission and commitment to excellence in the mortgage technology space,” said Lori Johnson, DocMagic’s chief operating officer. “We have already implemented a comprehensive succession plan to ensure a seamless transition.”
Iannitti’s achievements have been widely recognized in the mortgage industry, earning him numerous awards, accolades, and commendations. Last month, the Mortgage Bankers Association named Iannitti a rare, second-time recipient of its coveted Tech All-Star Award—an honor that highlighted his ongoing successes in facilitating electronic loan transactions and driving eMortgage adoption.
Additional accolades earned that reflect Iannitti’s industry accomplishments and contributions, to name a few, include: Inman’s Best of Finance award; HousingWire’s Vanguard award; The Title Report’s Innovation award; Inc. 5000’s Fastest Growing-Private Companies list; Mortgage Banker’s Legends of Lending award; MReport’s Top Industry Leader & Influencer award; PROGRESS in Lending’s Lending Luminary award; NMP’s Top Mortgage Employers award; MPA’s 5-Star Tech Providers list; Mortgage Technology magazine’s Top 50 Service Providers list; and many other commendations. Each accolade exemplified Iannitti’s drive and passion for developing second-to-none mortgage technology. More information about his successes can be found here: https://dominiciannitti.com/awards/.
Effective immediately, 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.
"The entire family at DocMagic is deeply saddened by Dominic's passing," Theodora said. "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."
Contact ALTA at 202-296-3671 or [email protected].