MORTGAGE INDUSTRY BLOG

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DocMagic Provides Raffle Donations, Helping NEXT™ Conference Raise over $3,200 for Girls Inc. of Chicago

Posted by DocMagic on 09/03/2019

NEXT™ Raises over $3,200 in Less than One Hour for Girls Inc. of Chicago

CHICAGO, August 29, 2019 NEXT Mortgage Events LLC, creator of NEXT women’s executive mortgage summit, has announced that it raised over $3,200 in personal donations for Girls Inc. of Chicago at the #NEXTSUMMER19 charity cocktail party raffle, held Aug. 26 from 5:00 p.m. to 6:00 p.m. at The Gwen Hotel in Chicago.

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DocMagic and INTEGRA Form Strategic Allegiance

Posted by DocMagic on 08/15/2019

TORRANCE, Calif., Aug. 15, 2019DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that INTEGRA Software Systems (INTEGRA) will offer the company’s document preparation solution to their client base via an integration with INTEGRA’s new LOS, EPIC.

Recently, some of INTEGRA’s clients began transitioning from its legacy LOS version, converting to its new multi-browser based LOS, EPIC. New INTEGRA clients have been implementing EPIC, integrated with DocMagic’s solutions, with great success.

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L1 eClosing is Guiding the Industry Shift Towards an eMortgage Evolution

Posted by Alyssa Stringer (HousingWire) on 08/06/2019

Featured in HousingWire's eClose Solutions Special Report

[HousingWire] The industry shift to eMortgages and eClosings are no longer a future vision for mortgage companies, options are available now and home buyers want access to them.

Although implementation is easier than one would think, lenders need the right tools, partnerships and trusted advisors to help accelerate them into a fully digital mortgage — all while maintaining compliance, operational efficiency and exceptional customer service. Lenders One, a leading cooperative for 220+ mortgage bankers nationwide, delivers a complete eClosing solution for borrowers, lenders and investors.

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DocMagic's End-to-End System Facilitates 100% Paperless eClosings

Posted by Alyssa Stringer (HousingWire) on 08/01/2019

Featured in HousingWire's eClose Solutions Special Report

[HousingWire] A growing wave of digital adoption is quickly transforming into the new standard, motivating more companies to take the leap and invest in robust technology solutions. As customers experience innovative technology in other industries, they’re starting to demand that from the mortgage industry. While ease of use and convenience are helping to fuel this growth, increased efficiency, reduced costs and enhanced compliance are also major contributing factors, supporting both consumers and businesses.

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Closing a Loan Electronically [eClosing Options]

Posted by Gavin T. Ales on 07/02/2019

 

Subscribers to our Compliance Newsletter already know that more and more states continue to pass laws that support electronic notarization which the mortgage industry now relies on to perform electronic loan closings. But considering those laws, and thinking about how a lender can begin to add electronic closings to their portfolio of services, it is helpful to think about the various types of electronic closings that can be done. These range from a fully electronic closing to various forms of ‘hybrid’ electronic closings (also “hybrid e-closing”).

So, what are these types of closings?

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DocMagic and LendingPad Integrate for Easy, Compliant Document Preparation and eSigning

Posted by DocMagic on 06/27/2019

Directly from within the Lending Pad LOS, users can seamlessly access DocMagic’s loan documents to close loans quickly, efficiently and compliantly

TORRANCE, Calif., June 26, 2019DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has completed an integration with cloud-based loan origination system (LOS) provider LendingPad from WEI Technology LLC, offering its document preparation services directly from within the LendingPad environment.

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DocMagic Earns a Spot on the HW TECH100 For the Sixth Straight Year

Posted by DocMagic on 03/29/2019

TORRANCE, Calif., March 29, 2019— DocMagic, Inc., the premier provider of dynamic loan document preparation, automated regulatory compliance and comprehensive eMortgage solutions, announced that HousingWire has honored the company with the HW TECH100™ award for the sixth year in a row.

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DocMagic Included in First 10 Tech100 Winners

Posted by DocMagic on 03/26/2019

Source: Housing WireDocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, has been named as an early winner of this year's HousingWire Tech100 Award. Check out the early list below!

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DocMagic Integrates eSign Technology with MortgageHippo’s Digital Lending Platform

Posted by DocMagic on 06/05/2018

Integration provides borrowers with a digital mortgage process from POS through closing

TORRANCE, Calif., June 5, 2018  — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, and MortgageHippo, a Fintech-driven digital lending platform, announced a seamless eSign integration between their two platforms.

This integration enables MortgageHippo’s lender customers to provide borrowers with the ability to electronically sign documents at any stage of the mortgage process, from point-of-sale to closing. eSignatures eliminate the time constraints and accessibility limitations of manual signatures, thus providing lenders with a faster mortgage process and reduced origination costs. The eSignature process that MortgageHippo provides via DocMagic is as legal and valid as a manual process using printed and wet signed documents.

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Setting the Record Straight on Digital Mortgages

Posted by DocMagic on 04/12/2018

The Whole is Greater than the Sum of its Parts When it Comes to Digital Mortgage Solutions and eNotes

By Tim Anderson,
Director of eServices, DocMagic, Inc.

Having worked in the mortgage industry for over 30 years, I’ve pretty much seen it all. As a mortgage technologist, I’ve watched vendors and lenders alike create hype around various technologies and new buzz words over the years, only to see so many of them never gain adoption or provide value. Sometimes, the rollout is flawed or it’s an outright failed go-to-market strategy. I recall when the likes of Service Oriented Architecture (SOA), Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), cloud-based computing, and so many others instantly became attractive terms and acronyms with mortgage technology vendors flocking to incorporate them into their marketing speak—whether they delivered on their promises or not.  

Collaborating closely with the GSEs, investors, lenders, servicers, warehouse lenders, and many other industry participants, I’ve worked to forge ahead and evangelize the far-reaching benefits of a comprehensive “eMortgage” process, a term that has essentially been replaced by “digital mortgage.”  No matter what you call it, it’s always been about replacing and automating paper-based processes with automation.

Now we’re living in a world of digital mortgage. We’ve seen many new and small software companies pop up, driving hard to attract lenders with slick marketing speak and often low price points for what is sometimes immature, unproven technology.  

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