The DocMagic wizards consistently search for new ways to improve the efficiency and effectiveness of our products.
Customized, Client-Specific Tools
DSI creates customized compliance tools to meet the specific needs of its individual customers. These compliance tools are possible as a direct result of the time and energy DSI devotes to DocMagic clients and their needs. Examples of DocMagic customer specific audits are:
- DocMagic has implemented audits violations of state-based usury limitations. This audit not only informs the user that state law has been violated, but the audit also directs the user to the appropriate, fully compliant loan package.
- DocMagic has created a customer specific "magic screen" for California covered loans. This customer specific predatory lending calculation includes the yield spread premium in the calculation of points and fees.
The possibilities for customer specific audits -- that ensure the accuracy of your loan transactions -- are endless. DocMagic cannot just do anything - it can do anything just right.
Attorney Access -- Twenty Four Hours a Day
Attorneys are available to DocMagic customers virtually around the clock. The company's attorneys answer any questions that software users may have regarding regulatory ambiguities, prepayment penalties, late charges, disclosures, recording requirements, and the interconnection between state and federal laws. They will even issue attorney opinions for DocMagic customers on the legal positions that DocMagic takes in connection with unsettled legal points and compliance issues.
Notification of Customers: The Compliance Wizard
The "Compliance Wizard" is distributed to all DocMagic customers informing them of new developments in the law and importantly, the new documents or changes in existing documents that DocMagic will implement to reflect the legal and regulatory changes.
The DocMagic Website
The DocMagic website features a compliance web page that contains a wealth of valuable compliance-related information. The web page is constantly updated to reflect the most important changes in existing laws. Currently posted on the DocMagic website is an analysis of prepayment penalty laws for every jurisdiction in the United States. The compliance website not only provides a legal analysis, but goes on to explain the terms of every prepayment penalty document that DocMagic will provide and the reasons that underlie the creation of each specific prepayment penalty addendum and rider. The website also contains compliance news, industry specific articles and DocMagic contact personnel.
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