MORTGAGE INDUSTRY BLOG

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Come See The Magic | MBA's National Technology Conference 2015

Posted by DocMagic on 03/25/2015

Mark Your Calendars!

MBA's National Technology in Mortgage Banking Conference
March 29 - April 1 | Hyatt Regency Orlando

We’re excited to attend the MBA's National Technology in Mortgage Banking Conference & Expo on March 29-April 1. Stop by booth #307 to catch up on the latest Mobile Technology, Integrated Disclosure implementation and new Collaborative Closing Solution. We’re always ready to demonstrate our end-to-end loan document preparation, compliance, and eDelivery solutions for the Mortgage Industry. See you there! Meet us at the conference. Schedule a meeting now!

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Tim Anderson of DocMagic to Moderate Panel Session at MBA Tech on Electronic Processes

Posted by DocMagic on 03/24/2015

TORRANCE, Calif., March 20, 2015—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today that its director of eServices, Tim Anderson, will be moderating a key panel session at the annual Mortgage Bankers Technology Conference on the topic of what automated Electronic Processes look like. The panel will be held on March 30, 2015 from 3:00 p.m. – 4:15 p.m.

This panel is comprised of leading industry experts who will provide their perspective and expert advice on eDisclosures and eClosings, among other eServices topics. The session is designed to help industry participants gain a better understanding of these trends and impacts. There are many questions around “e-everything,” says the MBA. Attendees of the session will leave with a solid grasp on how to electronically and compliantly connect with consumers and trading partners.

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DocMagic Named to HousingWire Magazine's Annual HW TECH100 List

Posted by DocMagic on 03/17/2015

Press Release:
TORRANCE, Calif., March 17, 2015 (SEND2PRESS NEWSWIRE) --DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that HousingWire magazine designated the company to its 2015 HW TECH100(TM) list. The list honors the 100 most innovative technology companies serving the U.S. mortgage finance and real estate industries.

HousingWire states that more than 250 companies were evaluated by HousingWire editors for the 2015 program, which looks at technology innovation along six different categories: uniqueness of solution, growth, market influence, market potential, elegance of implementation, and "something else entirely" -- a catch-all for disruption and other factors that drive innovation.

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DocMagic Acquires eSignSystems

Posted by DocMagic on 10/16/2014

Powerful addition makes DocMagic the undisputed leader in eSign & eVaulting Solutions

TORRANCE, Calif.—October 16, 2014—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced today it has acquired award winning industry innovator and leader in electronic software solutions, eSignSystems, from WAVE Systems Corp. (NASDAQ: WAVX). As part of the acquisition, DocMagic will bring on the entire management team of eSignSystems, including co-founder and EVP of Sales and Marketing, Kelly Purcell, and SVP of Technology Solutions, Jonathan Kearns.

“The acquisition of eSignSystems by DocMagic is a marriage of extraordinary talented and visionary people with incredible SaaS and on-premise products and services,” said Dominic Iannitti, President and CEO of DocMagic. “The management team at eSignSystems has done an exceptional job bringing innovative solutions to the forefront of e-mortgage adoption, and their contribution to the eMortgage revolution cannot be overstated. By combining the best of eSignSystems on-premise software with DocMagic’s SaaS solutions, eSignature patent, compliance and enterprise infrastructure, there is no question that this acquisition was meant to be. Simply put, we are just better together.”

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The TILA-RESPA Combined Disclosure connection

Posted by DocMagic on 08/20/2014

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

As we all know (and can’t get away from by now), the Consumer Financial Protection Bureau (CFPB) has issued a rule that they state will simplify and improve disclosure forms for mortgage transactions. For applications received on or after August 1, 2015, the Loan Estimate must be provided to the consumer three business days after the application, and the Closing Disclosure must be provided to the consumer three days before closing.

The new Combined Disclosure Regulation is going to force lenders to connect to title agents at the time of application and prior to closing to ensure compliance. As some of the recent posts on Closing Call have discussed, there are tolerances and limits on the increases to closing costs. Here’s the official word on closing-cost increases, extracted straight from the CFPB’s Final rule on simplified and improved mortgage disclosures:

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eServices Webinar Series: DocMagic's Automated Appraisal and 4506-T Services

Posted by DocMagic on 06/03/2014

Save time & money by automating the mortgage loan process!

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Fifth Third Approves DocMagic for Correspondent eServices

Posted by DocMagic on 06/18/2013

Press Release
Lenders that sell their production to the bank can now use DocMagic for eDisclosure, eSign

DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, announced today that it has been approved by Fifth Third Mortgage Company, a subsidiary of Fifth Third Bank, as an eDelivery and eSignature vendor for correspondent lenders who sell their production to the bank.

“We’re delighted by this approval and expect this to open up potential relationships between our existing clients and Fifth Third’s correspondent division,” said Tim Anderson, director of eServices for DocMagic. “This will also create opportunities for existing Fifth Third correspondents to take advantage of DocMagic’s free eSign technology and our industry-leading compliance services.”

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Industry Veteran Tim Anderson Joins DocMagic

Posted by DocMagic on 10/24/2012

Press Release: An expert in electronic commerce for the mortgage industry joins as head of eServices.

TORRANCE, Calif.--October 22, 2012--DocMagic, Inc., a leading provider of fully-compliant loan document preparation and delivery solutions for the mortgage industry, announced today that Tim Anderson, well known advocate of electronic commerce and eMortgages, has joined the company as head of the firm’s new eServices Division. In his new role, Anderson will help DocMagic grow its market share as the industry continue to adopt electronic means of fulfillment.

“Tim was among the first to see the benefits in electronic documents, signatures and fulfillment,” said Dominic Iannitti, president and CEO of DocMagic, Inc. “With more of our clients adopting and embracing our electronic offerings, now was the perfect time to bring Tim aboard and let him continue his work of sharing the eMortgage value proposition with the rest of the industry.”

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