MORTGAGE INDUSTRY BLOG

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

Mobilizing the Borrower's Experience - Free Webinar

Posted by DocMagic on 06/26/2014

Join DocMagic, the leader in mortgage document solutions, on Wednesday, July 16th, 10:00 AM PT for a FREE webinar. At DocMagic we think it’s critical for borrowers and lenders to communicate efficiently. That’s why we’re so excited about BorrowerMobile, an application designed for your borrower’s tablet or smart phone. Borrowers and lenders can interact, share information, and work together… with the touch of a finger!

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The eSign Console: A fresh new look!

Posted by DocMagic on 05/01/2014

DocMagic’s eSign Console is getting new look and feel!

This exciting enhancement includes a new intuitive Performance Dashboard that gives you a snapshot of recent eSignature activity and unveils new tools and features to help you find what you need faster, stay organized and keep track of work in progress – all in one place!

Redesigned with user feedback in mind, DocMagic’s eSign Console has a bright and contemporary look and includes robust new functionality designed to minimize keystrokes and improve access to the information and services you need. We’ve enhanced search capabilities and included upgrades to the features you already know and love. The eSign Console accelerates productivity, giving you up-to-the-moment access to the eSignature process, document management features, critical RESPA status, and much, much more!

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Delivering 99.999% Uptime Has Positive Impact on Lender Clients

Posted by DocMagic on 04/02/2014

Press Release: Mission critical service providers must measure and deliver on the uptime promise. DocMagic does.

TORRANCE, Calif.—April 1, 2014—DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, announced today that more of its customers are expressing concern with the reliability of their mission critical technology systems and asking for more information about system uptime from their vendors. DocMagic has maintained these stats for its own company for many years and publishes its status, including uptime, processing time and bandwidth, in real time, on its website at: https://www.docmagic.com/webservices/status/main.jsp.

“We’ve always shared our uptime record with our customers because it’s just so important,” said Dominic Iannitti, CEO of DocMagic. “With uptime typically between 99.99 and 99.999%, our clients never have to worry about having access to the documents and compliance tools they need to close their loans. This type of uptime is not only possible, it’s critical to the fundamentals of mortgage lending. Companies that take customer service seriously do a good job of achieving the 99.99%+ uptime metric.”

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Podcast: The DocMagic Moment – Episode #13 – OpenClose Integration

Posted by DocMagic on 03/19/2014

Recently, DocMagic announced a deeper integration with OpenClose, provider of an enterprise-class end-to-end loan origination system.

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DocMagic Execs Named to Prestigious Industry Boards

Posted by DocMagic on 01/10/2014

DocMagic Inc. has announced that Melanie Feliciano, the firm's chief compliance officer, has been appointed to the board of directors of the Electronic Signature & Records Association (ESRA). She was elected during the organization’s E-Sigantures 2013 Conference in New York last month.

“Melanie will make an excellent addition to the board of this organization,” said Dominic Iannitti, CEO of DocMagic. “Her legal background and long experience in the industry has made her a great advisor and educator to DocMagic’s customers. Now, she can share her experience with ESRA members. It is our hope that her service will lead to greater adoption of eSigned documents in the mortgage industry.”

ESRA is an important initiative focusing on e-signatures and electronic records. Its original founding members included Genworth Financial and Wells Fargo Home Mortgage. Education is the primary mission of ESRA. The association is a centralized educational resource for its members and the public with respect to the legal, regulatory and operational issues in relation to the use of electronic signatures and records.

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Podcast: The DocMagic Moment – Episode #11 – HELOC Loan Packages

Posted by DocMagic on 01/09/2014

Home prices are on the rise and that means increased opportunity for home equity lenders.

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Webinar: 7 Myths of Document Preparation...and How to AVOID them

Posted by DocMagic on 10/24/2013

Join us Thursday, November 7th for a FREE webinar:
7 Myths of Document Preparation and How to Avoid them.

Not all doc prep companies are the same…far from it! Join us for this informative and entertaining FREE webinar and learn the truth behind some common document preparation myths:

1. All document preparation companies are the same.
2. My LOS provides compliant disclosures for free.
3. My closers know what documents are needed.
4. There’s no real value in eSigning my documents.
5. I’m already complying with Dodd-Frank today.
6. My processors catch data entry errors.
7. I’m with a bank or credit union and predatory lending doesn’t apply.

REGISTER NOW>

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Podcast: The DocMagic Moment – Episode #9 – It's Fall Conference Season

Posted by DocMagic on 10/09/2013

October signals the beginning of the fall conference season in the mortgage business.

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Why Are We Paying Extra?

Posted by DocMagic on 10/02/2013

By Tim Anderson

New CFPB rules have been a boon to the many compliance providers to the mortgage lending industry. Every time a new rule comes out, lenders need some way of ensuring that their systems are compliant. Of course, no one wants to shut everything down and re-tool their shop every time something changes. And so compliance shops benefit. Is this good for our industry? Here’s my take:

I don’t have a particular problem with this. As many of you know, I’ve worked for technology and compliance service providers to this industry for a long time. As long as they’re adding real value to the lender or servicer, they’re entitled to benefit. But there seems to be a perception in the industry that data compliance can be separated from mortgage documents. Even in an all-electronic world that’s not true.

Should the industry pay more whenever a compliance firm decides to charge extra for running another rule or audit?

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Equifax Approves DocMagic eSign for IRS 4506-T Orders

Posted by DocMagic on 06/06/2013

Press Release
Now, lenders nationwide can submit orders to Equifax signed with DocMagic eSign

DocMagic, Inc., the leading provider of fully-compliant loan document preparation, compliance and eDelivery solutions for the mortgage industry, announced today that Equifax has approved the company as an eSign provider for electronic IRS 4506-T requests from its clients. Equifax, an Income Verification Express Services (IVES) participant, provides this service to its clients nationwide and began accepting orders electronically signed with DocMagic eSign in January.

"The IRS has very strict requirements for accepting these orders electronically," said Melanie Feliciano, Chief Legal Officer for DocMagic. "Our eSign product meets these requirements and the team at Equifax has reviewed our product and confirmed that. Now, all DocMagic's customers can place their orders for IRS 4506-T with Equifax and use DocMagic's eSign technology to sign them electronically."

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