DocMagic Blog

We're Building a Collaborative Closing Solution!

mortgage-collaborative-closingOur Collaborative Closing Solution is a seamless 2-Way data exchange between lenders and settlement providers!

DocMagic brings lenders, settlement providers and associates together inside our new Collaborative Closing Platform to view and exchange data, coordinate closing costs and audit critical disclosure details prior to closing. DocMagic’s Collaborative Closing Platform is a secure, seamless and dynamic web-based solution designed to efficiently help you meet TILA-RESPA Integrated Disclosure requirements.

An electronic, workflow-driven system automates the collaboration between lenders and their settlement providers:

  • Lenders & settlement providers work in sync inside our Collaborative Closing Platform
  • Electronic access to edit, validate and approve MISMO 3.3 compliant, content-enabled XML disclosure documents
  • Settlement provider changes automatically sync with TRID forms upon lender approval
  • Automatically track TRID tolerance audits, fee increases and their related approvals
  • Electronically deliver, sign, manage, and store documents via DocMagic’s eSign technology
  • Complete electronic audit trail to document compliance with TRID’s timing requirements and other significant events
  • Seamless integration with title, closing, and LOS systems

CLICK HERE TO LEARN MORE

 

One vendor. One platform. A complete solution.

Schedule a consultation or quick demo. Let us show you how we can help digitally transform your mortgage process.

Topics from this blog: Settlement TILA-RESPA eSign lenders Title Companies TRID Loan Origination System (LOS)

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