The first step of a closing is for a massive amount of information—about the borrower, the property and the type of loan—to be entered into the lender’s loan origination system (LOS). Data validation is the process by which that information is audited and verified.
Millennials are much more likely than other generations to say they would be comfortable buying a home online—and their younger Gen Z counterparts aren’t far behind, according to a new Zillow survey.
DocMagic has been named to HousingWire’s 2021 Tech100 Mortgage list, which recognizes the mortgage industry’s most innovative and impactful companies.
Welcome to Ask the eClosing Team, a new series where DocMagic’s eClosing pros tackle real questions that we’re hearing from lenders. Today’s response is supplied by eClosing Team leader Dan McGrew, president and CEO of Elite Digital Advisors.
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.
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.
Brian D. Pannell, DocMagic’s Chief eServices Executive, examines some of the key changes the mortgage industry has seen over the last year.
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.
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.