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DocMagic adds ADA-compliant loan documents to its library

Housing Wire

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. The new digital documents are accessible to visually impaired users and others with disabilities, unlocking opportunities for these consumers into the broader mortgage market.

Design 360
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Judge sides with trade groups, halts new CRA rules

Housing Wire

A federal judge in Texas has granted a preliminary injunction to banking trade groups that seek to halt the implementation of new rules for modernizing the Community Reinvestment Act (CRA), according to court documents reviewed by HousingWire. We look forward to litigating this matter to a final judgment.”

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Nonbank lender job cuts could shorten the market downturn

Housing Wire

According to Cameron, the recent downturn has delivered the biggest and fastest rate increase in modern history — and the sharpest volume and revenue decrease the mortgage business has ever seen. There’s no WARN Notice made public in Arizona, but the company has confirmed a document was filed with the state employment department. “I

Marketing 382
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Solving for fraud, biometrics are the future of mortgage

Housing Wire

In response, Remote Online Notarization, something that had been technically legal on a federal level since the turn of the century and for which technology already existed, became the hot issue of the day. The rush to digital was no longer just wishful thinking. Fortunately, such technologies exist today.

Mortgage 410
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Opinion: More can be done to shorten the average time to close

Housing Wire

It doesn’t lend itself to a 24-hour cycle. Yes, the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. A document might be needed closer to the closing date or as soon as a few days after the start of the process.

HOA 464
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USPAP Myths for Appraisers

Appraisal Today

I suppose it is because most appraisals are done (now) for residential lending purposes. Modern Montauk NY ‘Tree House’ Offers Sweeping Oceanfront Views for $7.5M It’s known as the “Modern Montauk Tree House,” the listing notes. You’ll learn key ways to work on eliminating bias and reduce your legal risk.

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Opinion: More should be done to shorten the average time to close

Housing Wire

It doesn’t lend itself to a 24-hour cycle. And the complex legal and regulatory web that can vary from state to state and even city to city doesn’t invite a quick and smooth passage to the closing. A document might be needed closer to the closing date or as soon as a few days after the start of the process.

HOA 431