MORTGAGE INDUSTRY BLOG

Read all the latest information about our solutions, compliance updates and company culture

An eClosing Q&A with DocMagic's director of enterprise solutions

Posted by DocMagic on 09/09/2020

The pandemic has forced a lot of change in a short amount of time in the mortgage industry. DocMagic's Director of Enterprise Solutions, Chris Lewis, shares his insight about eClosings in the age of COVID-19. (Note: This interview has been adapted from in the August edition of The MORTGAGE BANKER magazine.)

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DocMagic’s Brian Pannell named winner of Thought Leader Award

Posted by DocMagic on 06/18/2020

Brian Pannell, DocMagic’s Chief eServices Executive, has been named one of the inaugural winners of the Thought Leader Award by the PROGRESS in Lending Association. Only 30 people across the entire mortgage industry received this honor.

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Pandemic leads to growing acceptance of eClosings: News source

Posted by Pauline Vu on 05/21/2020

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).

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New support for power of attorney (POA) transactions amid COVID-19

Posted by Pauline Vu on 05/07/2020

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.

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New AutoPrep tech accepts docs from ANY provider for paperless eClosings

Posted by DocMagic on 04/03/2020

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.

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DocMagic gets Lenders Started with eClosing

Posted by DocMagic on 09/27/2019

Docmagic

 

Providing borrowers with a simple, streamlined eClosing process is critical in today’s competitive mortgage industry. From a borrower standpoint, eClosings can add convenience and improve the overall customer experience. For lenders themselves, they equal faster funding, greater flexibility, and better loan quality. Additionally, they also allow for quicker delivery to the secondary market.

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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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