Items Tagged with 'DocMagic'

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DocMagic unveils new premium guarantee

Guaranteed TRID compliance up to $5 million
A new guarantee from DocMagic helps give lenders and investors a little extra breathing room when it comes to the looming liability risks under TRID. $5 million worth of breathing room to be exact.
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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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