MORTGAGE INDUSTRY BLOG

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Paperless mortgage obstacles are slowly becoming a thing of the past.

Posted by DocMagic on 08/03/2012

By Dominic Iannitti, President and CEO, DocMagic, Inc.

It was Leonardo da Vinci who said, “Obstacles cannot crush me. Every obstacle yields to stern resolve. He who is fixed to a star does not change his mind.” When it comes to facing hurdles, those of us working to remove paper from the mortgage process can certainly relate to one of history’s greatest innovators, a man who dreamed of helicopters and solar power centuries before they would become reality. Then again, in the 10-plus years since federal e-signature legislation was signed into law, it occasionally feels as though the e-mortgage is also centuries away from becoming a reality.

A big reason for this is the collapse of the housing market, which led to increased regulations and tighter investor guidelines that have drawn out the time it takes to originate loans.

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New Opportunities Emerge for E-Signatures

Posted by DocMagic on 07/23/2012

The industry appears to have finally recognized the technology’s significant benefits.

By Dominic Iannitti

For years, the paperless mortgage has stood as the holy grail of all mortgage technology efforts. There have been sufficient reasons for optimism, including the growth of the Internet as a software delivery tool and the passage and adoption of electronic signature legislation such as the Uniform Electronic Signatures in Global and National Commerce Act, which give legal force and effect to electronic signatures and electronic records.

Somewhere along the way, however, the housing market crumbled and regulatory compliance became everyone’s primary focus. But a new development is about to put electronic signatures back on the map.

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Webinar: Learn the ABC's of eSign Technology

Posted by DocMagic on 06/01/2012

DocMagic, Inc, the mortgage industry's leading provider of loan document and automated compliance, hosted an eSign webinar on May 3, 2012 . The webinar instructs how DocMagic eSign can help you electronically sign, seal, and deliver any document safely for FREE! You'll also learn, step-by-step, how to get documents executed instantly. DocMagic's Chief Legal Officer, Melanie Feliciano, educates viewers in regards to the Federal ESIGN Act, and Ron Carrillo, Training and Education Supervisor, dispays how this process saves you valuable time and money!

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