The coronavirus pandemic has led to wide-ranging industry acceptance of eMortgages, eNotes, and digital closings, according to a recent article in National Mortgage News (subscription required).
A recent DocMagic update has made it easier to conduct transactions that involve someone with power of attorney (POA) acting on a borrower’s behalf, especially during the closing event. This is crucial during the current COVID-19 era, helping to reduce the amount of in-person contact needed by borrowers and title companies.
DocMagic has improved the process for for settlement agents to link up with notary providers to complete an eNotarization—especially a remote online notarization (RON) that allows signers and notaries to meet in a virtual environment. The change is crucial in the current COVID-19 climate.
With most people currently unable or unwilling to leave their homes, the ability to conduct remote online notarizations (RON) has become more necessary than ever—and state and federal officials are taking note.
Since the start of the COVID-19 outbreak, at least 27 states have taken steps to enable remote online notarizations, bringing the total number of states that presently authorize some form of RON—either through existing law or emergency action—to 42.
eClosing just got a lot easier because DocMagic’s new AutoPrep technology can convert ANY document from ANY lender into a compliant e-enabled document that’s ready for electronic signature inside our eClosing platform.
To our valued clients and partners,
During these unprecedented times, I wanted to personally reach out to you to address DocMagic’s approach to the evolving state of the coronavirus (COVID-19) and the growing challenges that face our nation.
DocMagic is the Document Preparation market share leader, with 37.6 percent of the market comprised of banks, credit unions, and independent mortgage bankers according to STRATMOR Group’s 2019 Technology Insight Study.
A Document Library of 200,000 Forms and Counting!
DocMagic's massive Document Library is comprised of compliant forms and documents that meet almost every customer and industry need. By combining our Document Library with several different form-generation technologies we have developed and perfected in our 30+ years, we can implement forms and documents so that they behave identically throughout all the solutions we provide to our clients.
How DocMagic is Leveraging Mobile Technology to Ramp Up the Borrower Experience
TORRANCE, Calif., Nov. 5, 2019—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that its Total eClose™ platform is the eClosing leader based on market share, overall satisfaction and lender loyalty in STRATMOR Group’s 2019 Mortgage Technology Insight Study.
TORRANCE, Calif., October 16, 2019—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced the launch of its new LoanMagic mobile application. LoanMagic, which is provided free to all DocMagic customers, leverages a powerful backend platform that provides full interoperability with DocMagic solutions, as well as other third party mortgage software.