Which banks are positioned to capitalize on stress test results?

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage

Calgary housing market a canary in the shale mine?

Home prices, sales plummet alongside price of crude oil

Items Tagged with 'DocMagic'


From HW Magazine

Single stack

Mortgage lending — finally — gets smarter with digital, automated and cloud-based technology
Kerry Curry
In the tech world a “stack” refers to all the elements of something. For the mortgage industry, the idea of the single stack is that one platform (digital, automated and based in the cloud) can either meet all of the functional requirements involved in assembling a mortgage, or can serve as an efficient moderator for the process via open APIs (application programming interface), which are now taking off within the mortgage industry.
Read More

DocMagic integrates with MERS eRegistry

Aligns with new industry standards
Brena Swanson
There are a lot of regulation and compliance changes coming down the pipeline for the mortgage industry, and DocMagic continues to innovate its technology for the new standards, starting with these.
Read More

Lenda to critics: This is the future of mortgage lending

Still, loan brokers don't like it
Brena Swanson
Loan officers hate them but the industry is following them. Lenda is one of the few firms paving the way for online mortgages. And while brokers strongly disagree, to the Lenda CEO, this is the price tag of progress.
Read More

Executive Conversation: DocMagic reveals where eMortgages are headed

The new mortgage wave is now
Brena Swanson
Last year brought a lot of chatter about the likelihood of a true eMortgage. HousingWire sat down in an exclusive interview with DocMagic CEO and President to show just how predominant this will be moving into 2015
Read More

DocMagic buys another loan document service provider

Fresh off eSignSystems acquisition
Jacob Gaffney
As part of the acquisition, DocMagic will bring on the entire team of Doc-Tech Corp, including co-founder and Doc-Tech president Lori Johnson, and Doc-Tech EVP of sales, Michael Chaney.
Read More

DocMagic acquires eSignSystems

Gains handful of new products and services
Brena Swanson
DocMagic acquired electronic software solution provider eSignSystems from WAVE Systems. "The acquisition for DocMagic has spectacular timing for electronic mortgage adoption," said Tim Anderson, director of eServices for DocMagic.
Read More

Interesting times for the mortgage industry require action

Recapping last week's posts and news on TILA-RESPA
Mark McElroy

Be aware that most systems don’t even stand behind their GFE/TIL and APR calculations with a rep and warrant for compliance.

Read More

Here are the 12 lucky firms that landed the CFPB eClosing pilot program

Group explores benefits of technology in mortgages
Brena Swanson
It’s here. The anticipated list of participants in the Consumer Financial Protection Bureau’s mortgage eClosing pilot program was released Thursday, with 12 companies now helping pave the way into streamlining the mortgage process.
Read More

The TILA-RESPA Combined Disclosure connection

Tim Anderson of DocMagic weighs in with Closing Call guest post
Tim Anderson

The primary issue is not only delivering the closing documents to the consumer three days ahead of closing (consummation), but now, with the delivery deadlines and tolerance requirements, the lender is on the hook to ensure even greater accuracy of the GFE/TIL at time of application.  

Read More

What happened at Ellie Mae? Twitter holds the answer

Social media captures mortgage blackout
Brena Swanson
Ellie Mae drove the industry to the brink Monday and Tuesday after its loan origination system Encompass 360 shut down. Then factor in that it was the end of the month—an extra busy time for lenders—and the market almost lost it.
Read More