Artificial Intelligence (“AI”) Governance Frameworks have recently been released for financial institutions. The Conference of State Bank Supervisors (CSBS) published an Artificial Intelligence Supervisory Framework and the Mortgage Industry Standards Maintenance Organization (MISMO) launched the MISMO Framework for Responsible AI in the Mortgage Ecosystem (FRAME). Learn More
The Iowa Division of Banking amended the Mortgage Bankers, Mortgage Brokers, and Closing Agents Act (“MBMBCA”) and the Iowa Secure and Fair Enforcement for Mortgage Licensing Act (“Iowa SAFE Act”). Read More
In the October 9th issue of the Texas Register (51 TexReg 6996), the Texas Office of the Attorney General (“OAG”) proposed strengthened rules to implement and enforce Subchapter H, Chapter 5, Texas Property Code, which was effective September 1, 2025. Read More
On October 22, 2026, President Trump issued Executive Order 14438 (the “Order”), Decreasing Housing Costs for the American People. The purpose of the Order is to encourage efforts to lower the costs of single-family homeownership and mortgages and promote innovation throughout the housing market. Read More
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Compliance Term of the Month
HEI
A Home Equity Investment (HEI), also known as a Home Equity Agreement (HEA), is a one-time lump sum investment for a share of a home’s future value. There are no monthly payments tied to the investment because this is an investment in a home instead of a traditional loan such as a home equity loan or line of credit.
As part of our efforts to continue innovating products and services in a way that improves those products for our customers, DocMagic has long had a goal of converting our entire document library to dynamic signatures. Read More
DocMagic has been working to bring cross-collateral document selection into our mainstream services. We are pleased to announce that the first release is now live in production as of late October 2026. Read More
DocMagic has revised the New Jersey Loan Commitment (Form ID: NJLC.MSC) to list certain loan terms which are referenced in an attached Closing Disclosure and to remove references to other attached disclosures. Read More
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. Here is the list of forms created or modified in February 2019.To view all New/Revised Documents, click here. Read More
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Upcoming Event
DocMagic will be at TitleCON!
Meet Eddie Oddo at TitleCON in San Antonio, TX November 3-5! Reach out and schedule a time to meet to talk about DocMagic's eClosing platform.
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