RESPA and TILA regulations require that initial disclosures be delivered or placed in the mail no later than three business days after the lender receives the borrower's written application. Satisfying this requirement can be a labor-intensive endeavor requiring paper, toner, postage fees and late night runs to the post office. Moreover, preparation delivery, signatures and return can take time and delay the origination process.
DocMagic has the technology to safely deliver compliant disclosure into the hands of your borrowers in seconds.
In this webinar learn how the MDIA impacts the loan origination process and how electronic delivery and acknowledgment provides simple resolution.
You'll also learn how DocMagic eDisclosure:
- Does a better job of authenticating the borrower's identity
- Saves time and money while improving closing ratios
- Reduces repudiation risk
- Is so easy to use
Melanie Feliciano, Chief Legal Officer
Ron Carrillo, Training and Education Supervisor
Truliant took several key steps to refine its 100% digital eClosing process — including finding the right technology partner.