MORTGAGE INDUSTRY BLOG

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

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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DocMagic offers clients automatic audit of NMLS identification numbers

Posted by Pauline Vu on 12/08/2020

DocMagic is offering an easier way for clients to automatically audit the Nationwide Multistate Licensing System (NMLS) identification number of every company and loan officer they interact with.

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Brian D. Pannell honored with HousingWire’s 2020 Tech Trendsetters Award

Posted by Pauline Vu on 12/04/2020

Brian D. Pannell, DocMagic’s Chief eServices Executive, was named one of HousingWire’s 2020 Tech Trendsetters.

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DocMagic’s Brian D. Pannell to speak at free ESRA webinar on eMortgage tech

Posted by Pauline Vu on 12/01/2020

DocMagic’s Chief eServices Executive Brian D. Pannell will be leading a webinar for the Electronic Signature and Records Association (ESRA) this Thursday, Dec. 3, at 10 a.m. PT/1 p.m. ET.

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Community State Bank now offering paperless eClosings via Total eClose

Posted by DocMagic on 11/23/2020

Community State Bank, which has seven locations across southeast Wisconsin, has implemented DocMagic’s full suite of eClosing solutions and is now offering their customers a 100% digital mortgage process—something that’s key in the middle of a pandemic.

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IRS releases new form 4506-C

Posted by Compliance Team on 11/16/2020

The Internal Revenue Service (IRS) recently released a new version of Form 4506, as Form 4506-C, IVES Request for Transcript of Tax Return (version September 2020). 

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Michigan Supreme Court ruling puts state's RIN closings at risk

Posted by Pauline Vu on 11/05/2020

(Update: On Nov. 5, Michigan enacted HB6297, which enables remote notarizations performed between April 30, 2020 and Jan. 1, 2021, and HB6296, which requires registers of deeds and financial institutions to accept electronic documents notarized during that same period.)

When the pandemic hit in March, Michigan already had a law on the books that allowed remote online notarization (RON) closings. But the state took it a step further when Gov. Gretchen Whitmer (D) declared a state of emergency and issued a series of executive orders, including one allowing the use of remote ink-signed notarization (RIN), a lower-tech alternative to RON.

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