Governing law requires the South Carolina Application Notice (SCAN.MSC) be given "at the time of application for a motgage loan."  DocMagic has previously offered this notice in both the Initial and Closing packages, but is now adding it to the Application package for all clients immediately. 

DocMagic is introducing a Massachusetts State Specific Compliance Agreement (MACOMP.MSC) similar to its standard Compliance Agreement form (COMP.LSR).  The updated form has state specific notary information.

DocMagic is providing an update to its Qualified Mortgage Determination to exclude VA loans from a points and fees test (unless VA IRRRL).  This update is in response to the recent release of DocMagic's VA QM enhancements that separately audit VA QM loans.  This update is an enhancement to it existing audits to provide its customers with more accurate reporting.

Update to form selection logic in the DocMagic defualt 15 due in 30 plan to provide more accurate selection for subordinate lien riders.

DocMagic is introducing a new bi-weekly impounds form into its bi-weekly specific plan.  The form will more accurately disclose impounds for bi-weekly loans.

The Certification Regarding Beneficial Owners of Legal Entity Customers (CRBOLEC.MSC) will be added to closing packages for loans processed on or after May 11, 2018 when a borrower is a legal entity.  This form is issued by the Financial Enforcement Network ("FinCEN") for certain financial institutions required to obtain, verify, and record beneficial ownership information on legal entity customers at the time of account opening.

Enhancement for DocMagic's audit to more accurately detect the 7 specific business day waiting period required before consummation may occur.