TheMReport

4 | TH E M R EP O RT MTECH Roostify Integrates with DocMagic BORROWERS CAN NOW USE THE PLATFORM TO ACCESS, REVIEW, AND SIGN DOCS EVEN ON THE GO. S an Francisco-based automated mortgage transaction technology provider Roostify has announced that it has completed integration with DocMagic, a provider of loan document preparation, compliance, eSign, and eDelivery solutions headquartered in Torrance, California. With the integration, consum- ers will be able to securely access, receive, review, and sign all initial disclosure documents at the time of application directly from Roostify's platform, all by using DocMagic's proprietary eDelivery and eSignature system. "The integration streamlines the process of borrower receipt, execution, and return of electroni - cally signed initial disclosures, while reducing errors and documenting compliance with a complete electronic audit trail," said Steve Ribultan, Director of Business Development at DocMagic. "This process im - proves the borrower experience while expediting loan closing." Ribultan continued, "The ability to provide borrowers with the required initial disclo- sures at the time of completing an application, as well as allowing them to eSign their documents, is a key differentiator lenders are looking for in today's regulatory environment. Roostify's seamless connectivity to DocMagic's sophisticated, compliance-focused loan document solutions takes their platform to the next level." Loan officers can present consumers with real-time disclosure documents and other home loan documentation complete with proof of compli - ance with TRID by using Roostify's platform. Consumers can access and complete the forms and documentation within the Roostify platform—the same place where they submitted their loan application and collaborate with their real estate agent. Consumers can also access Roostify's platform from anywhere that has an Internet connection—including a mobile phone. "One of the most complex elements of the mortgage comple- tion process is providing custom- ized documents to consumers and retrieving them back in a timely fashion, particularly given the current regulatory environment for lenders," said Rajesh Bhat, CEO of Roostify. "The integration with DocMagic offers our custom - ers and their customers an easy way to share and sign documents more efficiently, saving time in the process. Consumers gain the convenience of viewing and signing all necessary documents from a single platform, while lenders and loan officers can be sure that they have what they need to remain compliant with evolving industry regulations." DocMagic, which was founded in 1988, surpassed more than 100 million eSignatures in 2015; that number has grown as the company has increasingly adopted eDelivery and eSigning technology within the mortgage and other industries. ICE Acquires Major Stake in MERSCORP Holdings THE COMPANY WILL REBUILD MERS INFRASTRUCTURE TO OFFER BETTER VALUE FOR BUYERS. I ntercontinental Exchange (ICE), an Atlanta-based operator of global exchanges and clearing houses, and provider of data and listings services, will acquire a majority equity interest in Reston, Virginia-based MERSCORP Holdings, Inc., owner of Mortgage Electronic Registration Systems, Inc. (MERS), and at the same time rebuild the MERS System infrastructure, according to a joint announcement from ICE and MERS. The transaction closed at the end of June, and ICE is expected to shift operations of the rebuilt MERS infrastructure to an ICE data center sometime in the first half of 2018. The MERS System is a national electronic registry that tracks servicing rights changes and Coming Together Acquisitions, Integrations Boost Offerings for Lenders and Buyers Alike

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