Items Tagged with 'DocMagic'

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DocMagic names Gavin Ales chief compliance officer

Formerly deputy chief compliance officer for Prospect Mortgage
DocMagic, a provider of compliant loan document preparation, compliance, eSign and eDelivery solutions, announced the addition of Gavin Ales as the company’s new chief compliance officer. Ales joins DocMagic from Prospect Mortgage, where he was deputy chief compliance officer.
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DocMagic rolls out TRID enhancements

Testing phase complete, now ready for deadline
The Aug. 1 deadline set by the Consumer Financial Protection Bureau has been challenging for many in the industry. A recent survey by the Capsilon Corp. found that 41% of mortgage lenders are not ready to comply with the new rules by the deadline, and only 12% of those surveyed said their companies were "very prepared" for the new regulation.
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From HW Magazine

TILA-RESPA: Tick, tick, boom

As the clock counts down to TILA-RESPA implementation, title, closing and settlement services step into the line of fire
“We fear many lenders and title agents have been preconditioned by history to believe these changes are simply form changes, will be reversed, or the date will be moved — let alone implement an actual solution,” said Mark McElroy, president and CEO of Pavaso.
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