Mortgage Form Provider DocMagic, Inc. Sues Ellie Mae Alleging Antitrust Violations
DocMagic, Inc., the largest loan document production company in the United States, alleges in a federal antitrust complaint that software and services provider Ellie Mae has illegally denied customers the ability access DocMagic's products through Ellie Mae's ePass web portal. DocMagic claims that Ellie Mae has cut it off from a market worth $200 million by denying it use of ePass, a Web portal that allows mortgage lenders to prepare closing documents online. According to a DocMagic press release, DocMagic had been provided access to the ePASS network until Ellie Mae notified DocMagic of its intent to terminate its ePASS Agreement and subsequently took steps to prevent its users from accessing DocMagic products through unfair and anti-competitive behavior, including sabotaging clients from accessing DocMagic via alternative web service calls. DocMagic is seeking an immediate injunction preventing the alleged unfair activity of Ellie Mae.
