MORTGAGE INDUSTRY BLOG

Read all the latest information about our solutions, compliance updates and company culture

Ginnie Mae, 3 FHLBanks start accepting eNotes

Posted by Pauline Vu on 08/05/2020

eNotes are having a moment. Last month, Ginnie Mae formally kicked off its Digital Collateral Program to begin the process of accepting electronic promissory notes—or eNotes—and other digital loan documents as collateral.

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DocMagic nominated for prestigious architecture award

Posted by Pauline Vu on 07/28/2020

We’re excited to announce that our state-of-the-art, 25,000-square-foot technology center in Torrance, Calif., is up for Architizer’s A+Popular Choice Awards in the “Architecture +Workspace” category!

Click here to vote for DocMagic.

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DocMagic teams up with Simplifile to facilitate eClosing adoption

Posted by Pauline Vu on 07/27/2020

DocMagic is joining forces with Simplifile, a document collaboration and eRecording provider, to create new process efficiencies that will further digitaize the closing process.

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MortgageCountry closing loans in 13 days using DocMagic solutions

Posted by Pauline Vu on 07/21/2020

During its first two months of lending, MortgageCountry has been closing loans in an average of 13 calendar days—setting a new standard for speed.

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3 reasons why DocMagic's document generation solution is so fast

Posted by Pauline Vu on 07/15/2020

As we’re fond of noting, DocMagic can process a compliant closing document package of 100+ pages in under five seconds. But it’s not just a slogan, it’s a fact. Other document preparation companies take as much as ten minutes to do what we do in a fraction of the time.

So how do we manage to beat the industry standard by so much? We've got three key advantages:

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County recorders, eRecording, and RON—by the numbers

Posted by Pauline Vu on 07/08/2020

At DocMagic’s May 27 webinar, “Road-Tested eClosing Strategies for Today,” Ben Sherman, president of real estate recording services firm Synrgo, shared some surprising facts and numbers about county recorders and electronic closings.

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Happy National ESIGN Day! 5 facts you didn’t know

Posted by Pauline Vu on 06/30/2020

Twenty years ago today, President Clinton signed into law the Electronic Signatures in Global and National Commerce (ESIGN) Act, which declared that electronic signatures are as legally binding as wet signatures. And ten years ago today, Congress honored that achievement by designating June 30 National ESIGN Day.

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RON update: Lots of forward momentum—but also a setback

Posted by Pauline Vu on 06/26/2020

The remote online notarization (RON) landscape is still very much in flux. Three states recently passed RON laws and a new survey shows RON usage surged during the pandemicbut a powerful official from one of the country’s biggest states also announced his opposition to any federal law.

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3 reasons why underwriters haven't jumped on the RON bandwagon

Posted by Pauline Vu on 06/24/2020

Even as demand for remote online notarization (RON) grows, underwriters and settlement agents are hesitant to fully embrace it. They have some good reasons why.

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DocMagic’s Brian Pannell named winner of Thought Leader Award

Posted by DocMagic on 06/18/2020

Brian Pannell, DocMagic’s Chief eServices Executive, has been named one of the inaugural winners of the Thought Leader Award by the PROGRESS in Lending Association. Only 30 people across the entire mortgage industry received this honor.

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