It was like coming home. “The first moment Iwalked into this building, I knew it was the right place for our company,” Dominic “Don” Iannitti says.
Iannitti is president and CEO of DocMagic, the largest loan document production company in the U.S., and the building he’s speaking of is an impressive, 25,000-square-foot state-of the art technology center in Torrance, California. Within the mostly curved walls of this modern office space, more than 100 employees dedicate themselves to providing unparalleled service for their clients, some of which are the nation’s top lenders. Read more…
By Melanie Feliciano and Tim Anderson
What does the recently launched CFPB e-closing pilot really say thus far, and what may it reveal?
Any mortgage professional can attest to the overwhelming amount of paperwork associated with the closing process. For consumers, this final step to homeownership has become notorious for causing confusion and even surprises in the form of unexpected costs. In an effort to assess how the industry can reduce the complexity of this arduous process, the Consumer Financial Protection Bureau (CFPB) introduced its mortgage eClosing pilot, with seven financial institutions and four technology vendors participating in this program. While the closing is just one portion of the mortgage, this pilot could be key to proving the value electronic records, e-signatures, electronic workflows and even electronic notarizations can have, bringing to light trends that are critical to the mortgage lending world as a whole. Read more…
New solution brings lenders and settlement providers together inside a secure collaborative portal to view and exchange fee data prior to closing
TORRANCE, Calif., April 23, 2015 — DocMagic, Inc., the premier provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, announced that it will launch a Collaborative Closing Platform for the mortgage industry. The solution is comprised of a secure, seamless and dynamic web-based portal that efficiently and expeditiously helps lenders comply with the TILA-RESPA Integrated Disclosure (TRID) rule that becomes effective on August 1.
DocMagic’s Collaborative Closing Platform enables streamlined, real-time exchange of information between lenders, settlement agents and their associates via a secure web portal designed to electronically access, edit, validate and approve both data and documents. As a result, the coordination of all closing costs and audits of critical disclosure details are addressed prior to closing and in full compliance with TRID. Read more…
By Phil Hall
On the company Web site, DocMagic bills itself as “The largest loan document production company in the U.S.” And while that is a grand definition, it doesn’t capture the intelligence, innovation and celebrated customer service level that has earned the company the respect of the industry.
National Mortgage Professional Magazine spoke with Don Iannitti, the company’s founder, president and chief executive officer, to discuss how DocMagic emerged to become a leader in its field. Read more…
Our Collaborative Closing Solution is a seamless 2-Way data exchange between lenders and settlement providers!
DocMagic brings lenders, settlement providers and associates together inside our new Collaborative Closing Platform to view and exchange data, coordinate closing costs and audit critical disclosure details prior to closing. DocMagic’s Collaborative Closing Platform is a secure, seamless and dynamic web-based solution designed to efficiently help you meet TILA-RESPA Integrated Disclosure requirements. Read more…
We’ve Made It Easy For You…
DocMagic is focused on delivering fully compliant solutions to increase operational efficiency and reduce risk for our customers. We have completed extensive preparations to implement our new TILA-RESPA Integrated Disclosure (TRID) capabilities. We know that advance testing of these enhancements will help you to develop your own TRID compliant processes.
- We expertly handle the dynamic features of the Integrated Disclosure forms
- MISMO 3.3 compliant, content-enabled XML disclosure documents
- Electronically deliver, sign, manage, and store documents via DocMagic’s eSign technology
- Complete electronic audit trail to document compliance with TRID’s timing requirements and other significant events
To start testing the new forms visit our TRID Testing Center for step-by-step instructions.
Join DocMagic’s Compliance Edge™ for a FREE Webinar!
TRID: The Basics
This webinar is the first in our series focused on the TILA-RESPA Integrated Disclosure (TRID) Rule. Our goal is to help you with answers to the compliance questions you’ll be asking as you prepare for TRID reform on August 1, 2015.
DocMagic’s Chief Compliance Officer, Gavin T. Ales, will clarify the fundamental requirements surrounding the new regulations.
Build your fundamental knowledge:
■ Loans which are covered by the TRID Rule
■ New definitions explained
■ The Loan Estimate/Closing Disclosure in detail
■ Timing & tolerance requirements
Mark Your Calendars!
MBA’s National Technology in Mortgage Banking Conference
March 29 – April 1 | Hyatt Regency Orlando
We’re excited to attend the MBA’s National Technology in Mortgage Banking Conference & Expo on March 29-April 1. Stop by booth #307 to catch up on the latest Mobile Technology, Integrated Disclosure implementation and new Collaborative Closing Solution. We’re always ready to demonstrate our end-to-end loan document preparation, compliance, and eDelivery solutions for the Mortgage Industry. See you there! Meet us at the conference. Schedule a meeting now!