DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, regulatory compliance, eSign, eDelivery and comprehensive eMortgage services for the mortgage industry. DocMagic offers a variety of integrated services:
SmartCLOSE - DocMagic brings lenders, settlement providers and associates together inside SmartCLOSE, a collaborative settlement portal to view and exchange data prior to closing. SmartCLOSE is a secure, seamless and dynamic web-based solution designed to efficiently help you meet TILA-RESPA Integrated Disclosure requirements. Inside SmartCLOSE, DocMagic's sophisticated compliance and regulatory auditing engine analyzes changed values and automatically compares them with the initial Loan Estimate to ensure the loan remains within applicable RESPA tolerance thresholds. Every step of the process is tracked and then time and date stamped with an automated notification and approval process. Everyone involved can access a complete electronic history with evidence of compliance. They capture compliance, workflow and document management all in one place.
UCD File Generation - Their UCD Data Generation Service provides a robust solution for UCD file generation from any DocMagic application. Their systems are ready to help you generate a UCD file from your Closing Disclosure and provide the 249 unique loan transaction XML data points required by your chosen GSE. DocMagic also currently includes the PDF representation of the Closing Disclosure. For their many LOS users, DocMagic has created a UCD web services Application Programming Interface (API) suite to allow the incorporation of UCD Data Services with their partners existing third-party systems.
UCD File Delivery - Take care of UCD requirements automatically with DocMagic’s one-click process for the generation and delivery of loan data and documents. Access DocMagic’s GSE-Certified system-to-system delivery from your DocMagic workflow to generate a UCD file with embedded GSE-specific delivery information from your Closing Disclosure and automatically deliver it directly to your chosen GSE. Any response messages, along with the full UCD file, will be delivered back to the customer. DocMagic’s UCD Data Service provides a robust solution for UCD file generation, along with business-to-business automated delivery to each GSE’s collection solution.
If clients generate a UCD file outside of the DocMagic system, they have the capability to access the GSE-specific delivery information already embedded in the file and deliver it directly to the chosen GSE. Once the file is transmitted to either Fannie Mae or Freddie Mac, any response messages are then delivered back to the customer.
Online collaboration platform to support TRID and UCD compliance requirements.