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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 394
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Stavvy’s all-in-one platform makes legal and financial transactions easier, safer and more accessible

Housing Wire

Requirements such as in-person meetings, physical files and documents and pen-and-paper signatures — which have been the norm for as long as anyone can remember — are no longer just inconvenient, but are now impractical for consumers and lenders alike in a post-COVID world.

Legal 361
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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. It’s the ultimate in legalized fraud.

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Fathom is the latest brokerage to settle the commission lawsuits

Housing Wire

In a document filed with the Securities and Exchange Commission on Monday, Fathom notified shareholders of its decision to settle the antitrust claims related to the Siter/Burnett suit. Fathom Holdings , the parent company of Fathom Realty , has joined the list of corporate brokerages to settle the commission lawsuits.

Brokerage 447
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CoreLogic unveils AI-driven Araya platform for advanced property data

Housing Wire

Tax payment history, legal documents and zoning information are also available at the push of a button. This announcement comes less than two months after CoreLogic added to its tech arsenal with the real estate industry’s first AI-driven image search tool for the firm’s OneHome client engagement portal.

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Industry Mourns the Loss of DocMagic Founder Dominic Iannitti

Appraisal Buzz

Iannitti is credited with automating the loan document preparation, management, and delivery processes; pioneering eVault and eSign capabilities; introducing the first end-to-end eClosing platform; and many other notable mortgage technology advancements. “The He was a true pioneer in our industry and a mentor to many.

Legal 400
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Opinion: What you need to know for a successful real estate transaction

Housing Wire

The home-buying process involves numerous steps, documents and parties that you have to work with. They also help to prevent fraud and ensure that the sale is conducted legally and ethically. By having a neutral third party manage the transfer of funds and documents, the sale can be completed quickly and efficiently.