New Guidance Published to Support LIBOR Transition
As the industry continues to prepare for the London Interbank Offered Rate (“LIBOR”) to be phased out by the end of 2021, the focus includes how to transition to the Secured Overnight Financing Rate... Learn More
Late fee dollar amounts indexed in Section 56.131(4) of the Minnesota Regulated Loan Act and Section 47.59(3)(i) of the Minnesota Consumer Credit Code are subject to periodic adjustment... Read More
The South Carolina Department of Consumer Affairs recently announced changes in dollar amounts pursuant to Sections 37-1-109 and 37-6-104(1)(e) which provide that dollar amounts... Read More
DocMagic has improved the process for settlement agents to link up with notary providers to complete an eNotarization—especially a remote online notarization (RON) that allows signers and notaries.... Read More
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AutoPrep
DocMagic introduces AutoPrep, a new technology that leverages artificial intelligence and machine learning to change standard documents into e-enabled documents in less than 10 seconds. AutoPrep scans and parses documents, locates all areas required for a signature, then tags them for eClosing
The Mortgage Industry Standards Maintenance Organization (“MISMO”) recently announced release of new Closing Instructions templates for use by lenders. Read More
DocMagic has been your partner for an electronic closing for years and continues to provide creative solutions for lenders seeking to streamline their closing process. 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. Read More
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