MORTGAGE INDUSTRY BLOG

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Webinar: Mobilizing the Borrower's Experience

Posted by DocMagic on 02/10/2014

Join us Tuesday, February 11th, for a FREE DocMagic webinar:
Mobilizing the Borrower's Experience

At DocMagic, we think it’s critical for borrowers and lenders to communicate. That's why we’re so excited to introduce BorrowerMobile, an application designed for your borrower's tablet or smart phone!

Borrowers can use their mobile devices to easily clear loan conditions, review, share and eSign documents, check loan status in real-time, and schedule important events, like appraisals, directly to their calendar… all with the touch of a finger.

■ Close more loans… and close them faster
■ Provides real-time loan status
■ Integrates with any loan origination system (LOS)
■ Secure and encrypted document delivery
■ Fully-integrated eSign technology

Space is limited. Reserve your seat now by clicking this link.

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Podcast: The DocMagic Moment – Episode #7 – Revisiting the benefits of paperless

Posted by DocMagic on 08/06/2013

What are the benefits to going electronic?

In this edition of the DocMagic Moment, Ron talks about taking the paper out of the mortgage process. He'll discuss the benefits of going electronic and how it can improve the borrower experience along with saving you time and money.

Listen Now: [audio www.docmagic.com/media/download/podcasts/2013/DocMagic-2013wk29.mp3]

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Your Voice: Going “E” from End to End

Posted by DocMagic on 05/13/2013

By Tim Anderson
If you’re looking to go electronic, starting with a point solution only works with a good road map. Here’s why:

For years a core group of us has been telling the industry that it’s time to get the paper out of our systems. We’ve performed studies that show paper is more expensive, that it takes more time to process, is usually missing pages or signatures, or gets lost. It took the foreclosure crisis to really bring home to the industry the negative implications of lost or incomplete documents. After billions of dollars in settlements to federal regulators and attorneys general, it looks like our industry is finally ready to say goodbye to paper forever, or at least a majority of it.

Anyone who has yet to be convinced will get all the persuasion they need when the Consumer Financial Protection Bureau implements the Three Business Day Rule for mortgage loan closings. When lenders and their closing agents are forced to deliver a correct settlement statement to the borrower three days before closing, they’ll learn just how difficult it will be to get everything right and on time in a paper world. Taking their businesses fully electronic will be the only way to ensure compliance.

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