MORTGAGE INDUSTRY BLOG

For over 30 years DocMagic has developed award-winning loan document preparation, compliance and delivery solutions.

DocMagic to Partner with Mortech to Benefit Joint Customers

Posted by DocMagic on 01/24/2014

Press Release:
Lenders that use the Mortech Marksman technology now have access to DocMagic

TORRANCE, Calif.— DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, today announced that Mortech®, a Zillow® business, has integrated DocMagic technology into its Marksman® software. This integration will allow users to run regulatory compliance checks, generate upfront disclosures and re-disclosures (Change in Circumstance documents) and deliver them for customers to sign electronically via DocMagic’s eSign technology.

Designed for mortgage bankers who want instant information, Mortech’s Marksman software provides accurate, real-time, best-execution pricing data. As the only pricing engine with a partnership with AllRegs®, Marksman provides unmatched compliance and is in use by hundreds of lenders, including correspondent lenders, credit unions and community banks. DocMagic’s technology will now allow joint customers to create upfront disclosures, initiating a deeper relationship with their prospective borrower.

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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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DocMagic Creates Customized Document Delivery Solutions and Compliance Checks for Merchants Bank and its Correspondents

Posted by DocMagic on 10/30/2012


Press Release:
TORRANCE, Calif.--October 29, 2012--DocMagic, Inc. has successfully customized and integrated its loan origination and package compliance solutions for the benefit of the more than 200 correspondent bank customers of Merchants Bank, NA., Winona, Minnesota.

DocMagic gave Merchants Bank the ability to control both loan programs and loan packages in a customizable pull-down menu, allowing their correspondent banks to select both the right program and product. Prior to this, Merchants Bank needed to review loan packages for discrepancies and then order missing reports and documents during a lengthy review process. Now, Merchants Bank can be assured that the documents delivered are the right ones, regardless of where the loan originated.

Previously, Merchants Bank was forced to review a complex list of required documents from a long list of correspondent banks using a variety of loan origination software. The result was a process of checking and double-checking each and every loan package for required documents.

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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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