MORTGAGE INDUSTRY BLOG

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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 previously appeared in the August edition of The MORTGAGE BANKER magazine.)

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5 key questions about ID validation during RON

Posted by Pauline Vu on 08/12/2020

Lenders who are interested in a remote online notarization (RON) closing often have questions about how the identity validation works. Here are some of the most common questions and answers about it.

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RON update: Lots of forward momentum—but also a setback

Posted by Pauline Vu on 06/26/2020

The remote online notarization (RON) landscape is still very much in flux. Three states recently passed RON laws and a new survey shows RON usage surged during the pandemicbut a powerful official from one of the country’s biggest states also announced his opposition to any federal law.

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3 reasons why underwriters haven't jumped on the RON bandwagon

Posted by Pauline Vu on 06/24/2020

Even as demand for remote online notarization (RON) grows, underwriters and settlement agents are hesitant to fully embrace it. They have some good reasons why.

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RON vs. RIN (remote ink-signed notarization): What's the difference?

Posted by Pauline Vu on 06/10/2020

When the coronavirus pandemic hit, several states issued emergency orders to allow remote notarizations, joining 23 that already had permanent laws allowing remote online notarization (RON). A number of the stopgap measures, however, didn’t actually allow RON; instead they authorized a decidedly lower-tech alternative called remote ink-signed notarization (RIN).

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Webinar: How mortgage industry should adapt to COVID landscape

Posted by Pauline Vu on 06/03/2020

For the mortgage industry, a lot has changed in a short amount of time—especially when it comes to remote online notarization (RON), according to the speakers at DocMagic’s May 27 webinar, “Road-Tested eClosing Strategies for Today.”

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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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DocMagic expedites eNotary workflow for settlement service providers

Posted by Pauline Vu on 04/27/2020

DocMagic has improved the process for for settlement agents to link up with notary providers to complete an eNotarization—especially a remote online notarization (RON) that allows signers and notaries to meet in virtually. The change is crucial in the current COVID-19 climate.

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Amid pandemic, states boost access to remote online notarization (RON)

Posted by Pauline Vu on 04/17/2020

(Note: DocMagic ran this update on 6/26/2020: RON update: Lots of forward momentum—but also a setback)

With most people currently unable or unwilling to leave their homes, the ability to conduct remote online notarizations (RON) has become more necessary than ever—and state and federal officials are taking note.

Since the start of the COVID-19 outbreak, at least 27 states have taken steps to enable remote online notarizations, bringing the total number of states that presently authorize some form of RON—either through existing law or emergency action—to 42.

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