DocMagic Blog

04/29/2021

DocMagic’s Leah Sommerville wins inaugural NextGen Leader Award

Leah Sommerville, DocMagic’s senior account executive, has been named one of 10 winners of the NextGen Leader Award by PROGRESS in Lending...

Author: Pauline Vu

eClosing

04/22/2021

Number of title agents who conducted eClosings rose in 2020 — but some still resist

The number of title agents who said they conducted eClosings in 2020 more than doubled from the year before, according to a new survey.

Author: Pauline Vu

eNotes Integrations

04/15/2021

DocMagic client Truliant transfers FHLBank Atlanta’s first eNote

North Carolina-based Truliant Federal Credit Union has become the first lender to transfer an eNote, or electronic promissory note, to FHLBank...

Author: Pauline Vu

Compliance

04/07/2021

CFPB rescinds 7 pandemic-related policy statements

The Consumer Financial Protection Bureau has announced that it is rescinding seven policy statements that were issued last year to assist financial...

Author: Compliance Team

Compliance Document Generation

03/31/2021

What is data validation and why is it so important?

The first step of a closing is for a massive amount of information — about the borrower, the property and the type of loan — to be entered into the...

Author: Pauline Vu

Total eClose

03/24/2021

Survey: Almost 40% of millennials would buy home online

Millennials are much more likely than other generations to say they would be comfortable buying a home online — and their younger Gen Z counterparts...

Author: Pauline Vu