David Garrett of DocMagic Joins MISMO Residential Standards Governance Committee
TORRANCE, Calif., Dec. 21, 2020—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance, and comprehensive eMortgage services, announced that David Garrett, the company’s integration services manager, has been appointed to the Mortgage Industry Standards Maintenance Organization (MISMO) Residential Standards Governance Committee. MISMO comprises select subject matter experts from within the mortgage industry. David will begin his two-year term in January 2021.
MISMO committee members influence new standards and provide best practices for key technologies and initiatives such as digital mortgages, blockchain technology, remote online notarizations, closing instructions, and much more. Through broad industry collaboration, MISMO creates standards that reduce costs, improve transparency, and solve the toughest business issues in housing finance.
David has been with DocMagic for over six years and is a key member of the integration team. His extensive experience developing, implementing and supporting business-critical software integrations helps the company coordinate with its strategic partners to meet industry compliance standards and regulatory requirements and certifications. He has been involved with many of the company’s major eClosing integrations to DocMagic’s Total eClose™ platform, third-party application providers, and lender systems such as loan origination systems (LOS) and point-of-sale (POS) systems, among other solutions. In addition, he works with DocMagic’s eServices team on integrations with the company’s SaaS and on-premise eVaults, eNotes, eNotarizations, eSigning, and other digital mortgage technologies.
The Residential and Commercial Standards Governance Committees report to MISMO’s Board of Directors. Both committees are responsible for administering and overseeing MISMO’s activities specific to the standards. This includes providing guidance to the MISMO workgroups; establishing and managing the MISMO Reference Model release schedule; conducting oversight to ensure that standards development is occurring in conformance with established policy; and maintaining the architectural consistency of the MISMO Standards.
Membership in MISMO is open to anyone—lenders, banks, credit unions, servicers, third-party vendors, software companies, and individuals. Every member gets a voice in the development of standards used by the entire industry, as well as early access to potential new standards and many other benefits.
The Mortgage Bankers Association (MBA) is MISMO’s parent corporation and is actively involved in the organization’s ongoing contributions to the industry.
DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, processes, and web-based systems for the production and delivery of compliant loan document packages. The company’s solutions connect industry participants, promote collaboration, and data integrity to execute precision-based digital lending transactions. The company’s compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit www.docmagic.com.
MISMO® is the voluntary standards development body for the mortgage industry. Voluntary use of MISMO standards reduces processing costs, increases transparency and boosts investor confidence in mortgages as an asset class, while creating cost savings for the consumer. For more information, visit http://www.mismo.org.
Profundity Communications, Inc.