TORRANCE, Calif., March 29, 2019— DocMagic, Inc., the premier provider of dynamic loan document preparation, automated regulatory compliance and comprehensive eMortgage solutions, announced that HousingWire has honored the company with the HW TECH100™ award for the sixth year in a row.

Since launching the Tech 100 awards in 2014, HousingWire has been recognizing the companies that continue to push the edge of innovation and move markets forward. From startups to technology giants, the award focuses on a wide range of organizations in the U.S. housing economy, spanning real estate, mortgage lending, mortgage servicing and investments.

HousingWire named DocMagic an early winner, crediting the company’s suite of interconnected digital solutions with streamlining communication, collaboration and the compliant exchange of data in real-time throughout the lending process. DocMagic’s solutions benefit entities across the digital mortgage ecosystem, enabling seamless connectivity between borrowers, originators, lenders, warehouse lenders, custodians, settlement providers, investors, servicers, GSEs and other relevant parties.

“Innovation is a core pillar across our organization. It’s important to us that we consistently deliver proven technology solutions that move the mortgage industry towards a paperless digital mortgage process,” says Jonathan Kearns, SVP of technology solutions at DocMagic.

“At the same time, we will always provide our customers with tools to keep them compliant. We believe our proven, single-source, end-to-end digital mortgage solution offer some of the most innovative and impactful technology within the housing industry and we’re thrilled that DocMagic’s ongoing efforts were recognized by HousingWire with a 2019 HW TECH100 award.”

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign, eDelivery and eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company’s compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About HousingWire:
HousingWire is the nation’s most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company’s news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at https://www.housingwire.com/.

TORRANCE, Calif., Aug. 15, 2019—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that INTEGRA Software Systems (INTEGRA) will offer the company’s document preparation solution to their client base via an integration with INTEGRA’s new LOS, EPIC.

Recently, some of INTEGRA’s clients began transitioning from its legacy LOS version, converting to its new multi-browser based LOS, EPIC. New INTEGRA clients have been implementing EPIC, integrated with DocMagic’s solutions, with great success.

The partnership gives lenders the ability to leverage DocMagic’s end-to-end document production, preparation, delivery and automated compliance service as a fully embedded integration within EPIC. This includes the ability for borrowers to conveniently and compliantly eSign all documents required to meet state and TRID-based disclosures, eliminating paper and optimizing the document process from initial disclosures through closing.

“INTEGRA is a long-time, trusted integration partner of DocMagic and we are pleased that they are introducing our end-to-end document preparation solution to their lenders utilizing the EPIC LOS,” commented Steve Ribultan, director of business development at DocMagic. “In a margin compressed business environment, this is of particular importance as lenders are better able to manage their costs using an all-in-one solution.”

“We are pleased to make available DocMagic’s services with this robust end-to-end integration to an influx of new clients purchasing EPIC,” stated Michael Picker, senior vice president of sales and marketing at INTEGRA. “Through our LOS, we are able to efficiently provide borrowers with the Loan Estimate (LE), ability to eSign every document, produce an accurate Closing Disclosure (CD), service transfer packages, and offer DocMagic’s Compliance Edge updates.

Interested parties can learn more about the integration and single solution offering by contacting a representative at INTEGRA:  (877) 253-7779, sales@integra-online.com, or by visiting www.integraloantech.com.

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company’s compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About INTEGRA Software Systems:

Established in 1996 and headquartered in Franklin, Tennessee, INTEGRA Software offers a powerful, web-based loan origination solution, EPIC, to address challenges within Mortgage Lending for retail, wholesale and correspondent lenders. EPIC spans point-of-sale to post-closing and secondary market for lenders interested in efficiencies gained by automating every step of the mortgage loan workflow. For more information about INTEGRA Software Contact:  (877) 253-7779, sales@integra-online.com or by visiting www.integraloantech.com.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Featured in HousingWire's eClose Solutions Special Report

[HousingWire] The industry shift to eMortgages and eClosings are no longer a future vision for mortgage companies, options are available now and home buyers want access to them.

Although implementation is easier than one would think, lenders need the right tools, partnerships and trusted advisors to help accelerate them into a fully digital mortgage — all while maintaining compliance, operational efficiency and exceptional customer service. Lenders One, a leading cooperative for 220+ mortgage bankers nationwide, delivers a complete eClosing solution for borrowers, lenders and investors.

“Our eClosing technology is at the center of a growing eMortgage evolution,” said Lenders One President Brian Simon. “Our seamless connectivity to e-ready partners can accelerate your move into eMortgage.”

Lenders One platform, L1 eClosing by DocMagic, is a true all-in-one, end-to-end eClosing solution that helps enable first generation data to be recorded and delivered in a fully electronic environment.

Learn more about our suite of eSolutions

This eClosing solution also helps keep pace with the ever-changing legal and regulatory requirements.

In addition, Lenders One advisors help users design and deploy a rollout strategy inclusive of testing, training and settlement and referral partner alignment, extending support far beyond implementation.

Lenders One members receive a number of exclusive L1 eClosing benefits:

• Negotiated pricing and single-price bundles
• White-glove service at implementation and beyond
• Managed relationships across a network of eMortgage-ready investors, warehouse lenders, title companies and servicers
• Dedicated user groups for best-practice sharing with peers
• Lenders One has an eClosing industry expert leading members’ eClose journey with consultation that is unique to the industry and free with the L1 eClosing solution

L1 eClosing integrates with all major LOS platforms for loan document creation in minutes, with zero re-keying. Users can get started with a hybrid or full eClosing solution that supports Remote Online Notarization (RON), where legally permitted. The solution also leverages an extensive library of state-specific documents enabled with eSign technology.

For eNotes, the solution provides Lenders One eNotary Technology, available for all 50 states and a support team monitoring eNotarization legislative changes to help keep users compliant at all times.

In addition, it generates a MISMO SMARTDoc eNote and offers direct connectivity with the MERS eRegistry.

Lastly, L1 eClosing provides a secure, certified eVault for long-term storage and eDelivery to warehouse banks and investors. The platform contains a date and time-stamped audit trail to help demonstrate compliance and tamper-evident seals to help ensure data integrity.

“L1 is your eClosing partner from idea to implementation to rollout and beyond. We’ll provide the support and counsel from Lenders One at every step of your eClose journey,” Simon said.

Featured in HousingWire's eClose Solutions Special Report

[HousingWire] A growing wave of digital adoption is quickly transforming into the new standard, motivating more companies to take the leap and invest in robust technology solutions. As customers experience innovative technology in other industries, they’re starting to demand that from the mortgage industry. While ease of use and convenience are helping to fuel this growth, increased efficiency, reduced costs and enhanced compliance are also major contributing factors, supporting both consumers and businesses.

As this digital shift sweeps through the mortgage industry, DocMagic, which provides some of the most powerful and widely used solutions in the mortgage space, continues to deliver new forward-thinking innovations, including Total eClose, an end-to-end eClosing system that provides everything a company needs for a 100% paperless eClosing.

The seamless digital workflow includes all hybrid eClosing options and is comprised of DocMagic’s comprehensive suite of eSolutions, leveraging SMARTDoc eNotes, in-person and remote online eNotary options, Certified eVault and Investor eDelivery technology.

Learn more about our suite of eSolutions

“We’re positioning our customers for an inflow of new business that will be conducted digitally,” DocMagic CEO and President Dominic Iannitti said. “Once customers understand the true value and savings to be found in aligning with our single-source platform, they realize that offering an incomplete or cobbled-together digital process may leave them hitting the restart button within 12 to 18 months... and searching for a new solution.”

Borrowers can preview loan documents and disclosures prior to closing and electronically sign documents, putting the power in their hands. Total eClose is also intuitively designed to consume data and documents from any source, allowing the system to e-enable and auto-prepare third-party documents not produced by DocMagic.

“Our Total eClose system helps companies provide unparalleled customer service in the new tech-driven world, reducing borrower time at the closing table to as little as 15 minutes,” said Brian Pannell, Senior Implementation Executive.

DocMagic partners with companies to develop a strategic technology plan, so they are best equipped to go to market, easing the user adoption process and providing invaluable eMortgage expertise. Businesses can then close loans faster, compliantly and at a lower cost, with more control and accountability, removing the risk of potential surprises that can create delays at the closing table.

“Total eClose offers a true eClosing solution that involves no paper whatsoever, ensuring accuracy and delivering newfound efficiencies for borrowers, notaries and settlement providers.

“The system allows lenders to focus on increasing market share, making the loan process easier and helping create a superb overall experience,” said DocMagic’s Director of Product Development Michael Morford.

Learn more about DocMagic's seamless and compliant digital platforms for completely paperless eClosings

Dominic Iannitti, President and CEO
As DocMagic’s visionary leader, Dominic Iannitti influences an empowered environment where the entrepreneurial spirit is cultivated. Iannitti founded DocMagic with a commitment to provide the mortgage industry with superior solutions and services that would reduce and eventually eliminate the use of paper. More than 30 years later, that vision continues to inspire the work behind DocMagic’s full enterprise technology stack.

Brian Pannell, Senior Implementation Executive DocMagic’s Senior Implementation Executive Brian Pannell is responsible for all post-sales activities for customers who are adding eMortgage (eSign, eNotary and eVault) as well as post-closing (MERS eRegistry) technologies and efficiencies to their business models. Pannell has initiated industry-leading implementation processes for DocMagic’s entire suite of eSolutions.

Michael Morford, Director of Product Development DocMagic’s Director of Product Development Michael Morford is responsible for the development and implementation of technology solutions. He oversees software development, server management with overall responsibility for the development of interfaces with third-party Loan Origination Systems, Electronic Document Management platforms, and other mortgage service technology providers.

Subscribers to our Compliance Newsletter already know that more and more states continue to pass laws that support electronic notarization which the mortgage industry now relies on to perform electronic loan closings. But considering those laws, and thinking about how a lender can begin to add electronic closings to their portfolio of services, it is helpful to think about the various types of electronic closings that can be done. These range from a fully electronic closing to various forms of ‘hybrid’ electronic closings (also “hybrid e-closing”).

So, what are these types of closings?

Hybrid E-Closings

A hybrid electronic closing simply means that part of the closing is performed electronically while other parts remain paper-based. What part is performed electronically may vary based on the state law’s support of electronic notaries, or simply the technology available to the lender.  

The easiest hybrid e-closing to complete is one where the documents requiring a notary are still paper-based and other documents not requiring a notary are signed electronically using a standard eSign platform such as those used for initial disclosures. In this case, the security instrument and other notarized documents are printed on paper as in a standard closing while other disclosures, and possibly the Note are sent to the borrower via an eSign platform and signed in the closing agent’s office either right before or right after signing the notarized documents on paper. 

Another form of hybrid e-closing is where the note is signed on paper, but all notarized documents and all other documents are signed electronically. This may be helpful for a situation where the loan will be sold to an investor who does not accept an electronic note.

Fully Electronic

Of course, the fully electronic closing, without any use of paper, is the ultimate goal of any move to support e-closings, but even here, there are still options. Some states have passed laws supporting simple electronic notarizations. These allow a notary to use an electronic platform to apply their signature and seal, after verifying the borrower’s identity and signatures in person.  

Many states have passed laws allowing for remote notarizations which take electronic notarizations a step further.  In a remote notary situation, the notary and the borrower need not be in the same physical location but can use two-way audio-video communication to satisfy identity and signature verification requirements. States are striving to make remote notarization safe and reliable by establishing strict requirements for ID verification, tamper proofing and document retention. Remote notarization has been available since 2012 under Virginia law, and is now also available in Montana, Texas, Nevada, and Minnesota.

Regardless of the flavor, borrowers and lenders can save time and make the closing process a more enjoyable experience.

Learn more about DocMagic's seamless and compliant digital platforms for completely paperless eClosings

Directly from within the Lending Pad LOS, users can seamlessly access DocMagic’s loan documents to close loans quickly, efficiently and compliantly

TORRANCE, Calif., June 26, 2019—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that it has completed an integration with cloud-based loan origination system (LOS) provider LendingPad from WEI Technology LLC, offering its document preparation services directly from within the LendingPad environment.

The new integration was completed in only 60 days and provides seamless access to DocMagic’s fully TRID-compliant documents, state-specific disclosures and paperless digital mortgage process. Users are able to order, generate, manage, receive and deliver electronically signed TRID-compliant documents such as the loan estimate (LE), closing disclosure (CD) and other relevant lending documentation.

“DocMagic believes in establishing system-to-system connectivity to as many parties as possible in order to efficiently and expeditiously complete transactions and close loans on time,” stated Steve Ribultan, director of business development at DocMagic. “Partnering with LOS providers like LendingPad is key to our goal of eliminating paper, ensuring compliance, and making the end user’s job as easy as possible.”

DocMagic’s Audit Engine automates data and document validation throughout key phases in the lending process with continuous compliance checks, providing accuracy at all times. Mutual customers will realize greater efficiency and compliance adherence due to this integration. It significantly reduces time and costs, ensures data integrity, and eliminates errors that can lead to non-compliance.

“We are pleased to partner with the industry-leading loan document preparation provider and look forward to a long-term relationship with DocMagic,” said Wes Yuan, managing director of WEI Technology. “With both of our platforms being completely SaaS and Cloud-based, there are a number of additional capabilities we can jointly leverage to make the life of the lender, originator and borrower much easier via digital lending.”

About DocMagic:

DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web- based systems for the production and delivery of compliant loan document packages. The company’s compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About LendingPad®

Residential mortgage professionals created LendingPad’s innovative loan origination system (LOS) to help lenders to make better lending decisions, to provide an exceptional user experience, and to enhance individual originators’ ability to succeed. Leveraging from a highly-scalable cloud infrastructure, LendingPad is a web-based, end-to-end platform offering unique features such as same-file multi-user edit capabilities and real-time updates. LendingPad Network is a hub connecting borrowers, lenders and service providers. The solutions LendingPad offers elevate the efficiency, compliance, and information security of brokers, lenders, and depository institutions. LendingPad is a

Premier Member of the Mortgage Bankers Association and a proud winner of HousingWire's Tech100 award. LendingPad is a product of WEI Technology LLC, headquartered in McLean, VA. Visit the company’s website to learn more https://www.lendingpad.com/.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Testing Information

The first big change with these forms is in the Uniform Loan Application Dataset, or ULAD, for short. This dataset is used to submit your application data to Fannie Mae and Freddie Mac. The GSEs mapped ULAD to MISMO version 3.4.  They used 3.4 because the GSEs would have to engage in extensive use of extensions to have used a lower version of MISMO. They also state that you must use ULAD to submit your data to Desktop Underwriter and your Loan Product Advisor if you're using the new, redesigned URLA. The two things need to go together. If you are interested in the data transmission of your application data to the GSE's automated underwriting systems, they did provide ULAD testing cases on their website, which you can find at fanniemae.com or freddiemac.com.

Changes to accommodate the new form will be enabled prior to the industry use date of July 1, 2019. If your account has access to DocMagic's staging environment, these changes are available for your review at this time. The application will be available during the update. You can activate the update by closing DocMagic Online and relaunching.

What do I need to do?

In order to generate the new forms, you must select "Use 2020 URLA" from the Tools > Options menu within DocMagic Online. If you do not select "Use 2020 URLA", DocMagic will continue to provide you with the existing URLA/Form 1003 until the mandatory date of February 1, 2020, at which time the new URLA form will be applied automatically.

How do I learn more?

The new URLA form introduces many changes in the way borrower information is captured and displayed, including bolstering certain areas of the application such as income verification, military service, assets and liabilities, homeowner counseling, and more in depth property information. For a complete overview of the new functionality we have prepared the following resource page and strongly encourage our DocMagic customers to become familiar with the new content and system changes. DocMagic URLA Resource Page