MORTGAGE INDUSTRY BLOG

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

Magazine survey shows overwhelming demand for eClosings

Posted by Pauline Vu on 02/24/2021

By a large margin, PROGRESS in Lending magazine’s 90,000+ readers say that eClosing technology is in high demand. 

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The new URLA: The No. 1 thing to do ASAP to ensure you’re ready

Posted by Pauline Vu on 02/17/2021

The effective date requiring the new Uniform Residential Loan Application (URLA) is fast approaching—starting March 1, the updated form will be required in residential mortgage loan packages that lenders intend to sell to Fannie Mae or Freddie Mac.

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RON update: First new remote online notarization law of 2021 passes

Posted by Pauline Vu on 02/12/2021

The first remote online notarization (RON) law of 2021 has passed, and it has a surprising detail—it also enshrines remote ink-signed notarization (RIN) in the state’s statute.

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CFPB issues statement on financial institutions serving LEP consumers

Posted by Compliance Team on 02/03/2021

On Jan. 13, the Consumer Financial Protection Bureau (CFPB) issued a “Statement Regarding the Provision of Financial Products and Services to Consumers with Limited English Proficiency (LEP)." The statement encourages financial institutions to expand services to LEP consumers who often face barriers such as language access issues when obtaining credit.

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Paradigm shift: 4 key mortgage industry changes over the last year

Posted by Pauline Vu on 01/27/2021

Brian D. Pannell, DocMagic’s Chief eServices Executive, examines some of the key changes the mortgage industry has seen over the last year.

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Case study: Amid pandemic, new lender flourishes in remote environment

Posted by Pauline Vu on 01/21/2021

At the start of the pandemic, companies across America were abruptly forced to send their employees home and quickly scramble to adjust to remote work. But even though new lender MortgageCountry had just begun operations, its president, Ira Brownstein, wasn’t worried.

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DocMagic’s David Garrett named to MISMO standards committee

Posted by Pauline Vu on 01/07/2021

DocMagic’s Integration Services Manager, David Garrett, is set to begin a two-year term this month for the Mortgage Industry Standards Maintenance Organization (MISMO) Residential Standards Governance Committee.

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Relive some key mortgage industry milestones in 2020

Posted by Pauline Vu on 12/29/2020

2020 has been a year unlike any other—and that includes for the mortgage industry, which faced some of the biggest changes the industry has ever seen.

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The current state of eClosings: A Q&A with DocMagic's compliance chief

Posted by Pauline Vu on 12/17/2020

The mortgage industry is undergoing unprecedented change, and lenders are weighing the move to eClosings—because in the current environment, it’s no longer a question of if, but when. Gavin Ales, DocMagic’s Chief Compliance Officer, shares his insights about the compliance issues these lenders are facing.

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DocMagic’s Leah Sommerville named to NMP’s Top 40 Under 40 list

Posted by Pauline Vu on 12/10/2020

DocMagic senior account executive Leah Sommerville, 33, was awarded a coveted spot on National Mortgage Professional (NMP) magazine’s annual Top 40 Under 40 Most Influential Mortgage Professionals list.

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