DocMagic Blog

Posts about: Compliance (4)

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

Compliance

02/17/2021

The new URLA: The No. 1 thing to do ASAP to ensure you’re ready

The effective date requiring the new Uniform Residential Loan Application (URLA) is fast approaching—starting March 1, the updated form will be...

Author: Pauline Vu

Compliance

02/03/2021

CFPB issues statement on financial institutions serving LEP consumers

On Jan. 13, the Consumer Financial Protection Bureau (CFPB) issued a “Statement Regarding the Provision of Financial Products and Services to...

Author: Compliance Team

Compliance Awards eNotes Remote Online Notarization

12/29/2020

Relive some key mortgage industry milestones in 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.

Author: Pauline Vu

eClosing Compliance Remote Online Notarization

12/17/2020

The current state of eClosings: A Q&A with DocMagic's compliance chief

The mortgage industry is undergoing unprecedented change, and lenders are weighing the move to eClosings—because in the current environment, it’s no...

Author: Pauline Vu