Docmagic can also deliver ucd files generated by other systems directly to your chosen gse. The closing collaboration platform also leverages docmagic s esign technology to deliver and facilitate the electronic signing of the closing disclosure and related documentation. Docmagic inc, the provider of fullycompliant loan document preparation. Docmagic forms partnership with integra software systems. Dominic iannitti, president and ceo of docmagic, talked candidly. Docmagic announces fulltrid functionality on product suite.
Other organizations that will be affected by the rollout of version 3. With docmagics tridready systems and now the premium compliance guarantee, docmagic has implemented a solution that mitigates lender risk of noncompliance. Docmagic s closing collaboration platform leverages its esign technology to deliver and facilitate the electronic signing of the closing disclosure and related documentation. Automated compliance expertise powered by technology. Docmagic reaches 300 million esignings housingwire. Le and closing disclosure cd under docmagic s smartclose product. Le, closing disclosure cd and other relevant lending documentation. With docmagic s tridready systems and now the premium compliance guarantee, docmagic has implemented a solution that mitigates lender risk of noncompliance. Loanmagic smartclose mobile mortgage technology engage borrowers with mobile access to the loan process. Apr 24, 2015 docmagics closing collaboration platform leverages its esign technology to deliver and facilitate the electronic signing of the closing disclosure and related documentation.
Docmagic said it is the first document preparation software vendor to. The company was founded by its current president and ceo, dominic iannitti, in 1987 and is headquartered in torrance, california. Founded in 1987 and headquartered in torrance, calif. Our suite of digital solutions is designed to advance the mortgage process at every stage, continuously improving the experience for. For example, page 5 of the closing disclosure requires the lender to check one of two. Product training tools to master our software docmagic. Innovative, automated, and compliant technology solutions designed to advance every stage of your mortgage loan process. Oct 06, 2017 ramquest customers now have access to new ucd solution via docmagic smartclose portal. Docmagic and integra software systems partner to integrate.
Docmagic currently includes the borrower certification and authorization form id. Docmagic is based on a software as a service saas model. Jan 24, 2018 docmagic reaches 300 million esignings. By providing innovative and powerful legal software solutions for more than 25 years, thorpeforms has become an industry leader. Docmagic has announced that integra software systems will begin to offer. After everyone agrees to fees and cd is sent, there are often last minute adjustments at closing, such. On october 3, 2015, the tilarespa integrated disclosure trid reporting requirements went into effect.
The consumer financial protection bureaus cfpb integrated disclosure rule combines the mortgage disclosures required under the truth in lending act tila and the real estate settlement procedures act respa. The doddfrank wall street reform and consumer protection act doddfrank act requires the consumer financial protection bureau cfpb to issue rules and forms that combine certain disclosures provided to consumers in connection with applying for and closing a mortgage loan under the truth in lending act. The four forms previously used for opening and closing a loan have been replaced by two forms. The closing disclosure form combines the final tila and hud1 settlement statement. Le and closing disclosure cd under docmagics smartclose product. Setup defaults for escrows in relation to the aggregate adjustment set the first payment date complete the initial escrow account disclosure statement. Updated with the new august 2015 5page closing disclosure. Docmagic and integra software systems form alliance docmagic. As a result, closing documents will change significantly. Ramquest customers have access to ucd solution via docmagic. Founded in 1988 and headquartered in torrance, calif.
The dashboard results measure actual performance of our docmagic servers and do not reflect the data transfer rate or internet connection speed of the clients system. Automatically deliver ucd files directly to the gse of your choice. Docmagic and lendingpad integrate for easy, compliant document. Docmagic and integra software systems form strategic alliance. The loan number and borrower name will appear at the top of the screen for confirmation. Docmagic has announced that its entire solution set now adheres to version 3. Mortgage disclosures will be simpler to read and understand come aug. Collaborative closing technology tools for borrowers, lenders and title agents to collaborate on the loan process. Easycdf fully trid compliant real estate closing software.
Software is only part of the solution strong client relationships matter, too feb 18, 2020. Docmagic is a leading provider of fullycompliant loan. The all new uniform residential loan application form 1003 starting july 1, 2019, both fannie mae and freddie mac will allow the use of the redesigned uniform residential loan application urla published jointly by the governmentsponsored enterprises gses. Simplifying mortgage disclosure forms the new york times. Home docmagic solutions to digitize mortgage processes. Automatically updated every five minutes, docmagic s dashboard displays performance measurements for docmagic servers in a nononsense and efficient format. Le, ability to esign every document, produce an accurate closing disclosure cd, service transfer. Here is the list of forms created or modified in january, 2019. Docmagic blog mortgage news to keep you compliant software. Le, ability to esign every document, produce an accurate closing disclosure. Automated process for the secure and efficient delivery of compliant data xml files. The solution is comprised of a secure, seamless and dynamic webbased portal that efficiently and expeditiously helps. Apr 23, 2015 torrance, californiabased docmagic launched its new collaborative closing platform for the mortgage industry to help lenders comply with the new tilarespa integrated disclosure rule that goes.
Docmagic is ready to effectively and compliantly transition to this new disclosure for its entire customer base. Docmagic online has been updated to ensure compliance with the new loan estimate and closing disclosure requirements that become effective for most mortgage applications received on or after october 3, 2015. Updates on docmagic northpointe and more in daily dose, featured, news february 1, 2018 1,163 views learn more about who is moving and which companies are partnering for. We automate data and document validation at all phases of the lending process to ensure accuracy. Docmagic announces fulltrid functionality on product. When it comes to missioncritical enterprise software, downtime just cant be tolerated, especially in the mortgage business. The solution is comprised of a secure, seamless and dynamic webbased portal that efficiently and expeditiously helps lenders comply with. Lsr in all fha initial and closing document packages. Docmagic said it is the first document preparation software vendor to implement mismo version 3. Also, the closing exchange has partnered with docusign to deliver. The smartclose collaboration portal can support all documents and data, including the full mandate of the ucd requirement. Docmagic blog mortgage news to keep you compliant closing.
We offer products that help you operate more effectively. Over 14,000 practitioners nationwide use our software today. The tilarespa integrated disclosure trid rule rule presents an. Our suite of digital solutions is designed to advance the mortgage process at every stage, continuously improving the experience for lenders, settlement service providers, investors and borrowers. Docmagic launches total eclosing solution mortgageorb. Docmagic launches trid compliance solution housingwire.
Rate partners with docmagic, cuts borrower time spent at closing table to 10. Docmagic is one of the best document management software for the mortgage industry. Docmagic online trid software updates docmagic online has been updated to ensure compliance with the new loan estimate and closing disclosure requirements that become effective for most mortgage applications received on or after october 3, 2015. The closing disclosure form combines the final tila and hud1. Docmagic to launch collaborative closing platform to meet trid requirements our collaborative closing platform brings all of the necessary closing components and parties together. With the premium compliance guarantee, the loan estimate and closing disclosure are guaranteed to be accurate and complete. Docmagic has finally got its apps together the mortgage software company reports that it has bundled its edocument, esignature, enotary, eregistration, edelivery, enote and evault solutions into a comprehensive endtoend e closing solution that delivers faster closings, increased data transparency, improved regulatory compliance and better process efficiency. Docmagic is the first document preparation software vendor to implement mismo version 3. Le, ability to esign every document, produce an accurate closing disclosure cd, service transfer packages, and offer docmagic. Read our customer testimonials to see what other professionals are saying about thorpeforms. Feb 11, 2015 the cfpbs integrated disclosures will replace the current good faith estimate gfe hud1 settlement statement, and truth in lending til disclosures for most residential mortgage loans as of aug. In order to keep docmagic software users better apprised of document changes and additions as they occur, docmagic posts listings of all newly created and revised documents. Docmagic and integra software systems form strategic. Doc packages initial disclosures docmagic once the 1003, gfe, and til have been completed, select doc packages initial disclosure docmagic.