Updated with fallback language (Section 4). (Date of Release to Production: 06/18/20)

Updated with fallback language (Section 4). (Date of Release to Production: 06/18/20)

Updated with fallback language (Section 4). (Date of Release to Production: 06/18/20)

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 July, 2020.

To view all New/Revised Documents, click here

Updated with fallback language (Section 4). (Date of Release to Production: 06/18/20)

The CHARM booklet has been revised by the CFPB to reflect the discontinuance of LIBOR and various other revisions.  CFPB Notice of Availability. (Date of Release to Production: 06/11/20)

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.  Especially in light of the recent pandemic situation causing the need for social distancing, electronic and even remote closings are becoming more and more necessary and the normal way of closing a mortgage.  To continue to support our lender clients in completing fully electronic closings, DocMagic has been making additional updates to our systems and documents. 

The Mortgage Industry Standards Maintenance Organization (“MISMO”) recently announced release of new Closing Instructions templates for use by lenders.  Find the MISMO announcement here.  As stated in the release, “MISMO's Closing Instructions are templates that lenders can use to communicate with settlement agents.

Updated to current website version. (Date of Release to Production: 06/04/20)

Updated VA expiration/revision date to match VA model form. (Date of Release to Production: 06/04/20)