May 2016 - Rise and Fall

TheMReport — News and strategies for the evolving mortgage marketplace.

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6 | TH E M R EP O RT MTECH functions using our Workflow Engine speaks volumes about the flexibility and scalability of our platform." DocMagic Launches Total eClosing Solution EDISCLOSURE, ESIGNATURE, AND EDELIVERY JUST A FEW OF ITS OFFERINGS D ocMagic, Inc., a provider of fully-compliant loan document preparation, compliance, eSign, and eDelivery solutions, recently announced the official launch of its fully integrated eClosing solution. According to the announcement, the eClosing solution electronically transforms the entire mortgage process from initial eDisclosure to final eClosing through investor eDelivery. DocMagic's total eClosing process integrates its eDocument library, SMARTDoc eNote with eSignature, eNotary, MERS eRegistration, eDelivery, and eVault services in a comprehensive end-to-end eClosing solution that delivers substantially faster closings, total data transparency, superior regulatory compli - ance, and maximum process efficiency. "The total eClosing solution is an out-of-the box, easy to implement, fully paperless, patented solution that combines the most advanced functionality and continuous compliance tracking with robust borrower and lender friendly user features," said Dominic Iannitti, president and CEO of DocMagic. "Borrowers can communicate with their lenders and settlement agents and eSign documents while DocMagic runs continuous automated compliance audits throughout the entire loan process, guaranteeing compliance on factors affecting the salability of your loan, from TRID tolerance levels to compliance with anti-predatory lending and higher-priced mortgage loan laws, all while tracking every iteration of the data and speeding up the closing process." The total eClosing solution is also seamlessly integrated into DocMagic's SmartCLOSE collaborative closing portal, offering a secure, centralized online environment for lenders, settlement providers, and other parties to share, validate, audit, track, and collaborate on documents, data, and fees backed with a 100 percent TRID compliance guarantee. DocMagic's eMortgage solutions have been vetted and approved by Fannie Mae and MERS to support all three eMortgage categories for eVault, eNote, and eClosing, the company noted. "The DocMagic total eClosing solution is revolutionizing the traditional paper mortgage process and the timing of this couldn't be better," said Tim Anderson, Director of eServices at DocMagic. "With the electronic data verification, delivery, and record retention requirements of TRID, lenders have to demonstrate proof of compliance, control, and accountability of the entire mortgage process. We have developed the only platform in the industry that integrates and supports all key eMortgage functions within a single solution. The total eClosing solution provides a full electronic process in a one-stop solution—which is truly revolutionary." Advantage Systems, LendingQB Announce LOS Integration LENDERS CAN NOW TRANSFER LOAN- LEVEL ACCOUNTING DATA SEAMLESSLY A dvantage Systems and LendingQB announced the completion of an integration that enables mortgage lenders to seamlessly transfer loan-level accounting data from the LendingQB Two Brands, One Solution { { We cover the territory. Futura Title & Escrow Corp.'s brands offer a single point of contact for all of your title and escrow transactions. Regionally focused, our footprint consists of 69 convenient branch locations serving 58 counties throughout Idaho and Oregon, and parts of Montana, Washington and Wyoming. While we are one of the largest title and escrow groups in the Northwest, you'll find that our local emphasis is reflected in our market expertise. Committed to maintaining compliance with the American Land Title Association's (ALTA) Title Insurance and Settlement Company Best Practices, our brands are distinguished as the trusted settlement service providers in the region. When your transactions cover more than one county, Futura Title & Escrow Corp. is your regional title and escrow solution. Jenny Martin Senior VP & Corporate Business Development Director 208.955.9681 office 208.891.0481 cell "With the electronic data verification, delivery, and record retention requirements of TRID, lenders have to demonstrate proof of compliance, control, and accountability of the entire mortgage process." —Tim Anderson, Director of eServices, DocMagic

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