One Dispute Gets Settled

*One Dispute Gets Settled*
**By Tony Garritano**

***The official announcement came down yesterday. If you haven’t heard, DocMagic, Inc. and Ellie Maehave executed a settlement agreement to end the pending litigation between the companies. Not many details were disclosed. Here’s what we were told:

****In a joint statement the companies commented, “This settlement ends the legal disputes and renews the former relationship between the two companies, with DocMagic agreeing to make its services available to lenders through the Ellie Mae Network. This agreement will enable the companies to focus resources on innovation and on enhancing the experience available to our mutual customers.”

****As a part of the settlement, each company will drop all pending litigation consolidated in U.S. District Court for the District of Northern California. I guess all is well that ends well, at least for now anyway.

Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.