Industry Briefs July 7, 2023

DocMagic, Finastra Collaborate

DocMagic, Torrance, Calif., announced it has integrated its Total eClose platform with the MortgagebotLOS solution from Finastra, London.

Through the integration, Finastra MortgagebotLOS lenders gained access to DocMagic’s suite of eClosing tools for all loans. Powered by a bi-directional document flow, tracking residing within MortgagebotLOS can connect instantly to DocMagic’s Total eClose.

The effort combines comprehensive eClosing technology with data-driven origination workflow automation that generates compliant loan documents, facilitates borrower eSignatures and enables remote online notarizations. Additionally, Total eClose will allow Finastra users to generate eNotes, establish direct connections with the MERS eRegistry and securely store documents in a certified eVault.

Premium Mortgage Corp. Selects LenderLogix

LenderLogix, Buffalo, N.Y., announced it was selected by Premium Mortgage Corp., Rochester, N.Y., for the implementation of its point-of-sale platform LiteSpeed.

The platform, integrated with Encompass by Ice Mortgage Technology, will help streamline Premium Mortgage’s loan application process, present borrowers with customized needs lists and offer other features.

LenderLogix notes Premium Mortgage also uses its QuickQual and Fee Chaser tools, which will complement the LiteSpeed integration and ease the process for borrowers.

NewDay Achieves Security Certification

VA mortgage company NewDay USA, Fulton, Md., announced it achieved ISO/IEC 27001:2013 certification recognizing its proven commitment to the highest level of information security.

Following a comprehensive preparation process in partnership with cybersecurity and risk management company Activecyber, the certification was issued by Schellman Compliance.

ISO 27001 is the world’s leading international standard for information security. The standard ensures a systematic and risk-based approach to protecting the data of organizations and customers.