The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

ClosingRemote online notarization

ICE, DocMagic team up to offer closing technology

"eVault" technology will be integrated into Encompass eClose, ICE's closing platform

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week.

Digital mortgage platform DocMagic Inc. is providing the eVault technology which will be integrated into Encompass eClose, ICE’s closing platform, the company said in a release. Encompass eClose enables lenders to electronically facilitate every aspect of the eClosing workflow without ever having to leave Encompass.

Both ICE and DocMagic are committed to delivering technology to increase eClosing adoption in the mortgage industry, said Joe Tyrrell, ICE Mortgage president.

“By creating an end-to-end solution and further automating the mortgage closing process, we’re helping the industry transition to paperless closings and enabling more efficient processes for our customers,” Tyrrell said.

“ICE Mortgage Technology and DocMagic have been helping lenders implement digital mortgage processes for years,” added Dominic Iannitti, DocMagic CEO and president. “The migration towards digital mortgages is progressing quickly, and we’re happy to have provided ICE with capabilities to enable fully-paperless lending workflows along with better supply chain connectivity.”

Mortgage Tech Demo Day

HousingWire’s virtual demo days are designed specifically to help mortgage industry decision makers identify the technology solutions they need to operate efficiently and securely. Tune in August 3 to experience demos from the most innovative servicing, audit and post-close tech companies in the industry.

In the past year, DocMagic has made headlines in the digital closing space. After remote online notarizations began picking up steam during the pandemic, DocMagic and Secure Insight announced in March the launch of a RON joint training program.

ICE, which owns Ellie Mae, announced in April that appraisal-management tech provider AppraisalWorks is now available through its platform. Through the integration, lenders can now order, assign, monitor, and review real estate valuations from a marketplace of AMCs and appraisers directly through the ICE platform.

ICE has been a serious player in the mortgage tech space through its lifespan — particularly with regards to mergers and acquisitions. The company acquired a majority equity position in MERSCORP Holdings, the owner of Mortgage Electronic Registration System in 2016, and purchased the remaining stake two years later. ICE also acquired Simplifile in 2019 for $335 million.

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