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October 2020 Edition

 
 

California Enacts Consumer Financial Protection Law

The California legislature recently enacted a new consumer protection law, called the Consumer Financial Protection Law (“CFPL”). The law was enacted under Assembly Bill 1864, which was passed August 31st. Learn More

 
 
 
 

Compliance Term of the Month

IPEN

IPEN - In-Person Electronic Notarization.  Use of an electronic notary signature and seal with identification of the signer occurring in person as in a traditional notary; requires the physical presence of the signer with the notary officer.

 
 

Form Updates

DocMagic Adds New SOFR Interest Only Programs

DocMagic is adding new generic SOFR interest only loan programs which will use the 30-day Average SOFR Index... Read More

 

Complimentary

DocMagic Adds New SOFR NY CEMA Loan Programs

DocMagic is adding new generic SOFR New York CEMA loan programs which will use the 30-day Average SOFR index... Read More

 

Complimentary

DocMagic Adds New SOFR Construction-to-Perm Loan Programs

DocMagic is adding new generic SOFR Construction-to-Permanent loan programs which will use the 30-day Average SOFR index... Read More

 

Complimentary

New/Revised Documents - September 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

3 Steps You Should Take Now to Get Ready for RON

In spite of the pandemic, 2020 isn't the year of RON-2021 is. But here are the concrete actions lenders need to take to be prepared for when RON reaches its tipping point next year.

 
 
 

System Updates

 
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SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.