DocMagic Blog | Mortgage news to keep you compliant

06/21/2017

DocMagic’s UCD Technology Solution Now Supports Both Phases of Upcoming UCD Requirements

Press Release:
Company’s dual certifications enable lenders to fulfill GSEs’ recommendations of advanced preparation and testing for both 2017 and 2018 UCD delivery deadlines

TORRANCE, Calif., June 21, 2017 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the mortgage industry’s leading provider of document production, automated compliance and comprehensive eMortgage services, announced that its technologies are now capable of supporting both phases of the upcoming UCD (Uniform Closing Dataset) requirement.

The company’s technology solutions, which have been certified by Fannie Mae and Freddie Mac for both phases of the UCD file delivery mandate, enable lenders to start immediate testing of full UCD delivery – well in advance of the phase one 2017 deadline and the phase two 2018 deadline – as has been recommended by both GSEs.

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06/06/2017

DocMagic’s SmartCLOSE and Total eClose Solutions Receive ALTA ‘Elite Provider’ Designation

Press Release:
TORRANCE, Calif. — DocMagic, Inc., the mortgage industry’s leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it has been accepted into the Elite Provider Program for American Land Home Title Association (ALTA).

Applicants to the ALTA Elite Provider Program must provide their five most recent balance sheets demonstrating the company’s financial stability and a list of ten references. Each is assessed based on its financial strength, its commitment to the overall industry, its national distribution capabilities, and reference checks with existing customers.

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06/02/2017

Join us at the National Notary Conference on June 4th

Going to the National Notary Conference in June? Stop by booth #2 and learn how DocMagic unites eNote, eSignature, eNotary, MERS eRegistration, eDelivery and eVault solutions inside a single offering — with Total eClose™.

Lender's are going digital. Are you prepared?

Total eClose™ is giving notaries, settlement service providers an edge.

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05/16/2017

DocMagic’s Total eClose Solution Facilitates First State Sponsored eClosing in North Carolina

Press Release:
TORRANCE, Calif., May 16, 2017- DocMagic, Inc., the mortgage industry’s leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it completed North Carolina’s first 100 percent paperless eClosing. The DocMagic-driven eClosing was completed on Friday, May 5th at North State Bank and was carried out in the presence of borrowers Jason and Karen Boccardi, the North Carolina Secretary of State, a closing paralegal, an eNotary, and members of the media who documented the historical event.

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05/10/2017

DocMagic and BeSmartee Integrate, Creating a Fast, Fully Digital Application Process for Borrowers

Integration reduces time from initiating a loan application to receiving disclosures from days or weeks to just minutes

TORRANCE, Calif., May 9, 2017 (SEND2PRESS NEWSWIRE) — DocMagic, Inc., the mortgage industry’s leading provider of document production, automated compliance and comprehensive eMortgage services, announced that it completed an integration with BeSmartee, a leader in mortgage automation technology.

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04/25/2017

DocMagic, BeSmartee, & LendingQB Host Webinar on Digital Lending

Press Release:
DocMagic, BeSmartee and LendingQB Host Webinar on Digital Lending To Improve Loan Process

Costa Mesa, CA, April 24, 2017 – DocMagic, the mortgage industry’s leading provider of document preparation, automated compliance and comprehensive eMortgage services, BeSmartee, a leading online mortgage automation company and LendingQB, a provider of lean lending loan origination technology solutions, will hold a webinar discussing the opportunities and challenges of the “Digital Lending” paradigm on April 26, 2017 from 10 a.m. to 11 a.m. PST.

Webinar attendees can expect to hear how the mortgage lending process is being transformed into a pure digital format, and how that impacts borrowers, lenders and institutional investors. Webinar topics will include a discussion of current-day digital lending efforts on the point-of-sale, loan origination, closing and delivery phases of mortgage lending. The three hosts will demonstrate how their systems interact with each other and highlight the critical aspects of data integrity, workflow, exchange and compliance that provides the necessary framework for a pure digital lending process.

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04/21/2017

Texas Capital Bank Implements DocMagic’s Total eClose™ Solution for eWarehouse Lending

One of the nation’s largest lenders completes its first eClosing as an eWarehouse lender, using DocMagic’s Total eClose™ solution for eWarehouse lending

TORRANCE, Calif., April 21, 2017—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that Texas Capital Bank has implemented its Total eClose™ solution. This implementation enables the bank to function as an eWarehouse lender. They can now accept and fund eNotes from its lender customers that want to drastically speed up the process of closing and selling loans.

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04/13/2017

North Carolina institutes eClosing pilot

North Carolina Secretary of State Elaine Marshall wants the state to be a leader in eCommerce. It adopted the Uniform Electronic Transactions Act, the Uniform Real Property Electronic Recording Act and the Electronic Notarizations Act. All of this was to prepare for the day when the state could institute eClosings.

“We have been working diligently over the past 15 years to build the infrastructure to build electronic commerce,” Director of Electronic Notarization and Notary Enforcement Ozie Stallworth said. “We thought it was a prime time for North Carolina to step forward and lead in this space because we have the legal infrastructure in place to support a full end-to-end eClosing. We looked to our state’s lending institutions to see whether or not they understood and believed that the industry was headed down the road towards eClosings.”

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04/07/2017

DocMagic Achieves 42 Percent Growth in 2016

TORRANCE, Calif., April 5, 2017— DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, reported a 42 percent increase in revenue for 2016. The company credits its growth to the mortgage industry’s demand for products that enable TRID compliance, eSignatures and eClosings. This is the second consecutive year that DocMagic’s revenue has increased by roughly 40 percent.
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03/30/2017

Total eClose Wins 2017 Innovation Award

progressinlending.com | And The 2017 Winners Are …

PROGRESS in Lending Association has named the work done by DocMagic a top innovation. As the mortgage industry slowly embraces the Digital Mortgage, DocMagic launched what was dubbed its “Total eClosing solution,” which enables a comprehensive, true 100% paperless eClosing that automates the entire process — from start to finish. Looking back, DocMagic was brought to the forefront of eClosing technology awareness with its participation in the CFPB’s eClosing pilot in 2014. This vendor was 1 of only 12 firms that was invited by the CFPB to participate. If the industry is going to go digital it will need vendors like DocMagic to lead the way. The Total eClose solution includes the seamless incorporation of its eSignature-enabled SMART Documents, a nationwide eNotary network, MERS eRegistry access, eWarehousing, eNotes, a secure eVault, and secure investor eDelivery — all in a single, comprehensive eClosing platform and completely TRID-compliant. There is absolutely no paper involved at any point, at any time.

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DocMagic’s UCD Technology Solution Now Supports Both Phases of Upcoming UCD Requirements

DocMagic’s SmartCLOSE and Total eClose Solutions Receive ALTA ‘Elite Provider’ Designation

Join us at the National Notary Conference on June 4th

DocMagic’s Total eClose Solution Facilitates First State Sponsored eClosing in North Carolina

DocMagic and BeSmartee Integrate, Creating a Fast, Fully Digital Application Process for Borrowers

DocMagic, BeSmartee, & LendingQB Host Webinar on Digital Lending

Texas Capital Bank Implements DocMagic’s Total eClose™ Solution for eWarehouse Lending

North Carolina institutes eClosing pilot

DocMagic Achieves 42 Percent Growth in 2016

Total eClose Wins 2017 Innovation Award

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