Walter Investment fined $29.6 million for False Claims Act violations

Walter Investment fined $29.6 million for False Claims Act violations

Subsidiaries allegedly submitted false reverse mortgage claims to HUD

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement

Items Tagged with 'DocMagic'


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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From HW Magazine

Single stack

Mortgage lending — finally — gets smarter with digital, automated and cloud-based technology
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.
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DocMagic integrates with MERS eRegistry

Aligns with new industry standards
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.
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