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doc prep

New 25,000-Square Foot DocMagic Tech Center Now Online

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DocMagic Inc., a provider of fully-compliant loan document preparation and delivery solutions for the mortgage industry, has announced that its new multi-million dollar, 25,000-square foot, state-of-the-art technology center in Torrance, Calif. is fully operational. The new center is built on blade server architecture to deliver greater processing power and storage capacity. The servers are expandable, allowing DocMagic to add capacity very quickly and easily, when required.Click to continue

DocMagic Completes Compliance Implementation for CashCall

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DocMagic Inc. has announced the successful integration of its document preparation and delivery solutions with CashCall Inc., one of the nation's premier consumer finance lenders. The recent project—achieved in just 40 days—quickly and expertly equipped CashCall with compliant loan documents, something its prior vendor couldn’t do despite 18 months of effort. This implementation allows CashCall’s staff to prepare and deliver fully compliant electronic loan documents with record speed in all 43 states where the company does business.Click to continue

International Document Services Forms Doc Prep Advisory Board

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International Document Services (IDS) has announced that it has formed an advisory board of IDS customers to solicit feedback on the performance of its flagship mortgage document preparation system, idsDoc, and develop ideas for further development and refinement of the system. The IDS Super User Group was initially conceived as a forum where IDS clients and partners could give ideas on how to improve the idsDoc platform.Click to continue

MRG Document Technologies Partners With The StoneHill Group on Compliant Doc Solutions

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The StoneHill Group has announced an alliance with MRG Document Technologies (MRG), a leading provider of mortgage document preparation software and mortgage compliance technology and expertise that maximize profits and reduce costs for mortgage bankers. This alliance has, and will continue to, add value to clients of The StoneHill Group through the use of MRG’s CompliancePlus solution.Click to continue

IDS Fulfills 2011 Rise in Lender Demand for Initial Disclosures

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According to statistics compiled by International Document Services (IDS), a mortgage document preparation vendor, found that 2011 was the company’s biggest year to date for initial disclosure documents. Since regulations dealing with initial disclosures were at the forefront of industry compliance challenges in 2011, IDS experienced a corresponding jump in its initial disclosure volume—an 80 percent increase as compared to 2010. There also was a 42 percent increase in new and existing clients using IDS for initial disclosures.Click to continue

eLynx and Document Express Announce Partnership

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eLynx, a portfolio company of American Capital, has announced that Document Express, a provider of mortgage loan document preparation, will partner with eLynx to offer Document Express customers electronic delivery, signature, and print-and-mail fulfillment services using the eLynx Expedite platform. “eLynx is the right partner for us because it has a comprehensive suite of services and a solid reputation in the industry for quality products and excellent customer service,” said Lori Johnson, president of Document Express.Click to continue

MRG to Provide Compliant Mortgage Docs to MDI Mortgage Bankers

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MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has been selected by Houston, Texas-based MDI Mortgage Bankers for the creation of loan disclosures and closing packages through its Miracle Online web-based technology. MDI Mortgage Bankers now utilizes MRG for all of its Texas draws. The lender was seeking a document preparation provider that could decrease turnaround times from the six to eight hours it experienced with its previous provider.Click to continue

Mortgage Cadence Forms New Finale Doc Prep Division

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Mortgage Cadence LLC has announced that it will spin off its compliance, content and document preparation division, Mortgage Cadence Finale, into a separate entity, Finale Document Services. Finale allows lenders to create initial disclosures, interim packages, closing packages, loan modification packages, short sale documents and any other financial document and deliver them securely to the borrower or settlement agent in seconds. The tool was integrated into the company’s ELS offering (Orchestrator), but has since found a larger market as a standalone.Click to continue

International Document Services Adds LO Compensation Compliance Disclosure to Its Docs

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In response to the changes to loan originator (LO) compensation issued by the Federal Reserve Board (FRB), International Document Services (IDS), a mortgage document preparation vendor, has provided its wholesale customers with a Broker Anti-Steering Loan Option Disclosure within in the idsDoc system so that brokers can certify that they have provided the borrower with the necessary information to achieve safe harbor under the changes to Regulation Z 226.36(e).Click to continue

Select Employees Credit Union Chooses MRG Document Technologies for Compliant Mortgage Docs

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MRG Document Technologies (MRG), a provider of mortgage document preparation software and compliance technology to banks, credit unions and other lenders nationwide, has been chosen by Sterling, Ill.-based Select Employees Credit Union for the creation of loan disclosures and closing packages through its Web-based MIRACLE Online document preparation technology.Click to continue