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May 2020 Edition

 
 

Current State Status for Remote Online Notarizations

States continue to pass laws that support conducting a Remote Online Notarization ("RON"), and in response to the pandemic situation, additional states have allowed RONs under Emergency Orders.  Learn More

 
 
 
 

Compliance Term of the Month

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. 

 
 

Form Updates

New COVID-19 Attestation Form

Federal agencies, along with Fannie Mae and Freddie Mac (the “GSEs”) have issued temporary guidance urging that additional due diligence be taken in verifying borrower income and employment information... Read More

 

Complimentary

GSEs Announce Extension to Implementation Timeline for Redesigned URLA

On April 14, 2020, Fannie Mae and Freddie Mac (the “GSEs”) made a joint announcement that the redesigned Uniform Residential Loan Application (“URLA”) and automated underwriting systems... Read More

 

Complimentary

Texas Finance Commission Amends Title 7 Loan Status Rules and Forms

As previously announced in November, the Texas Finance Commission published amendments adopted for Texas Administration Code rules 7 TAC §§ 80.201 and 81.201 in the Texas Register... Read More

 

Complimentary

New/Revised Documents - April 2020

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

 

Complimentary

 

Upcoming Event

Road-tested eClosing Strategies for Today

Navigating Digital Implementation in the Current Landscape

 
 
 

System Updates

 
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SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.