MORTGAGE INDUSTRY BLOG

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Relive some key mortgage industry milestones in 2020

Posted by Pauline Vu on 12/29/2020

2020 has been a year unlike any other—and that includes for the mortgage industry, which faced some of the biggest changes the industry has ever seen.

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DocMagic’s Brian D. Pannell to speak at free ESRA webinar on eMortgage tech

Posted by Pauline Vu on 12/01/2020

DocMagic’s Chief eServices Executive Brian D. Pannell will be leading a webinar for the Electronic Signature and Records Association (ESRA) this Thursday, Dec. 3, at 10 a.m. PT/1 p.m. ET.

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Michigan Supreme Court ruling puts state's RIN closings at risk

Posted by Pauline Vu on 11/05/2020

(Update: On Nov. 5, Michigan enacted HB6297, which enables remote notarizations performed between April 30, 2020 and Jan. 1, 2021, and HB6296, which requires registers of deeds and financial institutions to accept electronic documents notarized during that same period.)

When the pandemic hit in March, Michigan already had a law on the books that allowed remote online notarization (RON) closings. But the state took it a step further when Gov. Gretchen Whitmer (D) declared a state of emergency and issued a series of executive orders, including one allowing the use of remote ink-signed notarization (RIN), a lower-tech alternative to RON.

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Remote online notarization (RON) has several benefits beyond safety

Posted by Pauline Vu on 10/22/2020

Remote online notarization (RON) eClosings have been on the rise during the age of COVID-19, as they’re seen as the safest closing option during a time when social distancing is paramount.

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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 has been adapted from 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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