Current State Status for Remote Online Notarizations
States continue to pass laws that support conducting a Remote Online Notarization ("RON"), and in response to the pandemic situation, additional states have allowed RONs under Emergency Orders. Learn More
On April 16, 2020, the Consumer Financial Protection Bureau (“CFPB”) issued a final Home Mortgage Disclosure Act (“HMDA”) rule which amends Regulation C to raise the loan-volume coverage thresholds... Read More
On April 29, 2020, the Consumer Financial Protection Bureau (the “CFPB”) issued two fact sheets on the ECOA Valuations Rule and a FAQ for compliance during the COVID-19... Read More
In the state of Oklahoma, the late fee dollar amount in Okla. Stat. Title 14A, 3-203 is subject to change on July 1 of each year... Read More
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AutoPrep
DocMagic introduces AutoPrep, a new technology that leverages artificial intelligence and machine learning to change standard documents into e-enabled documents in less than 10 seconds. AutoPrep scans and parses documents, locates all areas required for a signature, then tags them for eClosing.
Federal agencies, along with Fannie Mae and Freddie Mac (the “GSEs”) have issued temporary guidance urging that additional due diligence be taken in verifying borrower income and employment information... Read More
On April 14, 2020, Fannie Mae and Freddie Mac (the “GSEs”) made a joint announcement that the redesigned Uniform Residential Loan Application (“URLA”) and automated underwriting systems... Read More
As previously announced in November, the Texas Finance Commission published amendments adopted for Texas Administration Code rules 7 TAC §§ 80.201 and 81.201 in the Texas Register... Read More
In order to keep DocMagic software users better apprised of document changes and additions as they occur, DocMagic posts listings of all newly created and revised documents. Read More
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Road-tested eClosing Strategies for Today
Navigating Digital Implementation in the Current Landscape
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