Mortgage news to keep you compliant.

01/12/2017

Join us at the New England Mortgage Expo on Jan. 13

Join the eClosing evolution!

DocMagic recently helped a Massachusetts lender close on a series of fully paperless mortgages! DocMagic’s eclosing technology, Total eClose™ tracked each completely paperless loan process in real time, combining an electronic closing with an electronically signed promissory note and deed of trust!

Stop by booth #50 at the New England Mortgage Expo on January 13th to learn how DocMagic continues to move the needle in digitizing the mortgage process by working with our customers and partners at every stage of their eClosing evolution!

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12/29/2016

A Year-End Message From Dominic Iannitti, President and CEO of DocMagic

The holidays always offer an opportunity to reflect on the past year, to recall the moments and people that made this or that year such a success. First and foremost, all of us here at DocMagic wish to thank you for the loyalty and trust you, our clients,extended to us over this exciting year. 2016 has been an amazing year for this company and the industry as a whole.  Allow me to highlight some of the year’s milestones.

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12/20/2016

What It Took to Make a Fully Paperless Mortgage

This fall, a Massachusetts lender closed on a fully paperless mortgage. The work that led to this rare achievement captures the difficulties originators still face in digitizing the loan process.

Radius Financial Group in Norwell electronically closed six loans beginning in October. The process was created in partnership with the tech vendor DocMagic, the MERS loan registry, Fannie Mae and Santander Bank.

Electronic closings and e-notes have been kicking around for a long time. Fannie Mae and Freddie Mac have purchased e-mortgages since the early 2000s. But they remain rare, partly because there are few warehouse lenders that can handle these transactions. Rarer still are completely paperless loan processes that combine an electronic closing with an electronically signed promissory note and deed of trust.

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11/30/2016

Total eClose™ Enables Industry's First Completely Paperless Digital Closing--Start to Finish


Press Release:

DocMagic's cutting-edge technology seamlessly incorporates eSignature-enabled SMART™ Documents, a nationwide eNotary network, MERS eRegistry access, a secure eVault, and Investor eDelivery in a single comprehensive eClosing platform.

TORRANCE, Calif., Nov. 29, 2016—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has successfully completed the mortgage industry’s first comprehensive eClosing in Massachusetts, which included both lender and closing/settlement agent documentation, for radius financial group, inc. 

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11/18/2016

The Increasingly Intense Focus on Cybersecurity

By Brian Hornea

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10/28/2016

DocMagic celebrates Halloween with Pediatric Therapy Network!

The DocMagic team was thrilled to be a part of Pediatric Therapy Network's (PTN) Halloween celebration this year. PTN invited its corporate sponsors to donate treats for the children and even gave DocMagic the opportunity to participate in the festivities as well! Anula Mohan and Mike Zarrilli attended the event on behalf of DocMagic and were given their very own station in the costume parade to distribute toys and treats (and high fives) to the halloween-clad children. 

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10/14/2016

Meet the DocMagic team at MBA!

We're excited to attend the upcoming MBA Annual Convention & Expo at the Hynes Convention Center October 23-26, 2016, in Boston, MA. Come see us in Booth 404 and let us tell you about our full suite of compliant & integrated eMortgage solutions:

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10/05/2016

Join us at Calyx Ascend User Conference 2016

We're proud to be Platinum Sponsors of the Calyx Ascend16 Symposium and User Conference October 5-8, 2016, in New Orleans, LA. 

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09/29/2016

Corporate Settlement Solutions Implements DocMagic's Total eClose™ Solution

Press Release:

Fully TRID-compliant solution delivers superior service and a competitive advantage

TORRANCE, Calif., Sept. 29, 2016—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that Corporate Settlement Solutions (CSS), a title and settlement services company, has successfully implemented DocMagic’s Total eClose™ solution.As a result, CSS can offer a completely new customer experience, gain a competitive advantage, and remain 100 percent TRID compliant at all times.

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09/13/2016

The URLA Gets A Facelift

Industry experts weigh in on recent changes to Fannie Form 1003/Fredie Form 67.

By Patrick Barnard

In the first update for the form in more than 20 years, government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have redesigned the Uniform Residential Loan Application (URLA – Fannie Form 1003/Freddie Form 67) in order to make it simpler to use and to add new data fields for increased reporting under the Home Mortgage Disclosure Act (HMDA).

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