NMP - October 2016 - 42

heard street on the Our Heard on the Street column is a chronicle of events, changes and passages in the lives of the people and companies shaping the mortgage industry. CSS Adopts DocMagic's Total eClose Solution OCTOBER 2016 n National Mortgage Professional Magazine n NationalMortgageProfessional.com 42 DocMagic Inc. has announced that Corporate Settlement Solutions (CSS), a title and settlement services company, has successfully implemented DocMagic's Total eClose solution. As a result, CSS can offer a completely new customer experience, gain a competitive advantage, and remain 100 percent TRID compliant at all times. "We are excited that CSS is successfully leveraging our Total eClose solution to provide a completely electronic closing process for their customers," said Dominic Iannitti, president and CEO of DocMagic. "As a settlement service provider, it is impressive that CSS has taken a leading role in promoting the benefits of eClosings and as an early adopter, they will enjoy a significant advantage over their competitors." CSS combined DocMagic's functionality, services and integrations into a single offering to create an easy-to-use, out-of-thebox eClosing solution. DocMagic's Total eClose functionality unites eNote, eSignature, eNotary, MERS eRegistration, eDelivery, and eVault services to provide a highly-efficient, paperless end-to-end eClosing. In addition, documents that need to be notarized can be conveniently eSigned and eNotarized without leaving the comfort of their home. "We recognized early on that in order to differentiate ourselves from a crowded marketplace, it was paramount to offer elevated service to our clients," said Jerome Jelinek, CEO and general counsel at CSS. "With the addition of DocMagic's Total eClose, we offer lenders the opportunity to transform their mortgage origination process through the elimination of paper, thereby significantly reducing costs and increasing efficiencies." After the introduction of TRID and its increased liability for lenders and their assignees, if you originate, sell, buy or service loans, you must be able to demonstrate TRID compliance years after a loan closes. DocMagic's system provides electronic proof and evidence of compliant transactions for future audits with a date and time stamp audit trail of everyone who has touched the transaction at any level. From the original loan application and Loan Estimate (LE) to receipt of delivery of the final Closing Disclosure (CD), data, calcs and documents are stored in an eVault to provide the ability to replicate proof of compliance. Six New Lenders Sign on With Secure Insight Secure Insight has announced that it has successfully signed several new mortgage lenders who are adopting the company's patented Closing Guard vendor management tool to evaluate the backgrounds, licensing, insurance and trust accounts of agents as a method to identify potential threats before a closing takes place. Companies recently adopting the Secure Insight solution include William Raveis Mortgage LLC of Westford, Mass.; Regency Mortgage Corporation in Hooksett, N.H.; Reliance First Capital LLC, with offices in Melville, N.Y.; NTFN Inc., based in Lewisville, Texas; and Long Island, N.Y.-based lender Quick Fund Inc. These lenders join more than 100 of their peers around the U.S. who look to the Secure Insight nationwide database as a live, real-time, risk assessment tool that protects their money, documents and consumers from fraud losses. Closing Guard evaluates, rates, monitors and reports settlement agent risk in real-time in the only nationwide database of mortgage closing professionals. The Secure Insight proprietary evaluation process combines automated data analysis with live reviews by trained analysts for the most accurate and informative risk analytics in the industry. "We are honored to work with such distinguished companies who are laser-focused on utilizing critical risk management services," said Secure Insight CEO Andrew Liput. "Each company is led by visionary professionals with a serious commitment to quality control, consumer protection and overall loan quality assurance. We are proud to be their partner in this important endeavor." Loanwise Financial LLC has also announced that it has enhanced its risk management policies and procedures governing its retail mortgage lending business by requiring independent screening and risk monitoring for all settlement agents having access to a borrower's loan documents and mortgage proceeds. The process will be managed for Loanwise by Secure Insight. The company chose the Closing Guard tool to evaluate the backgrounds, licensing, insurance, and trust accounts of agents as a method to identify potential threats before a closing takes place. "We recognize our responsibility to protect consumers from harm caused by theft of funds, identity theft and mortgage fraud, and our company continually seeks to not just meet, but to exceed regulatory expectations of acceptable enterprise risk management," said Omar Quddus, CEO at Loanwise. "We take the management of third-party service providers seriously for investor confidence and consumer protection. We spent several months evaluating various providers to help us address settlement agent risk, and were impressed with what Secure Insight has to offer in its Closing Guard product." CBC National Bank's Mortgage Division Surpasses $13 Billion Milestone CBC National Bank has announced that in June, its Mortgage Division surpassed the $13 billion mark in loan production. CBC's Mortgage Division began operations in September 2007, utilizing a conservative, risk-averse business model, originating primarily fulldocumentation, conforming mortgage loans pre-sold into the secondary market. The Division passed the $1 billion mark in loan production in June 2009 and passed the $10 billion mark in June 2015. During the second quarter of 2016, the Mortgage Division continued to achieve robust funding and profitability, with more than $551.7 million in residential mortgage loans funded and $16.4 million in mortgage banking income during the quarter. In addition to reaching the $13 http://www.NationalMortgageProfessional.com

Table of Contents for the Digital Edition of NMP - October 2016

Table of Contents
NMP - October 2016 - Cover1
NMP - October 2016 - Cover2
NMP - October 2016 - 1
NMP - October 2016 - Table of Contents
NMP - October 2016 - 3
NMP - October 2016 - 4
NMP - October 2016 - 5
NMP - October 2016 - 6
NMP - October 2016 - 7
NMP - October 2016 - 8
NMP - October 2016 - 9
NMP - October 2016 - 10
NMP - October 2016 - 11
NMP - October 2016 - 12
NMP - October 2016 - 13
NMP - October 2016 - 14
NMP - October 2016 - 15
NMP - October 2016 - 16
NMP - October 2016 - 17
NMP - October 2016 - 18
NMP - October 2016 - 19
NMP - October 2016 - 20
NMP - October 2016 - 21
NMP - October 2016 - 22
NMP - October 2016 - 23
NMP - October 2016 - 24
NMP - October 2016 - 25
NMP - October 2016 - 26
NMP - October 2016 - 27
NMP - October 2016 - 28
NMP - October 2016 - 29
NMP - October 2016 - 30
NMP - October 2016 - 31
NMP - October 2016 - 32
NMP - October 2016 - 33
NMP - October 2016 - 34
NMP - October 2016 - 35
NMP - October 2016 - 36
NMP - October 2016 - 37
NMP - October 2016 - 38
NMP - October 2016 - 39
NMP - October 2016 - 40
NMP - October 2016 - 41
NMP - October 2016 - 42
NMP - October 2016 - 43
NMP - October 2016 - 44
NMP - October 2016 - 45
NMP - October 2016 - 46
NMP - October 2016 - 47
NMP - October 2016 - 48
NMP - October 2016 - 49
NMP - October 2016 - 50
NMP - October 2016 - 51
NMP - October 2016 - 52
NMP - October 2016 - 53
NMP - October 2016 - 54
NMP - October 2016 - 55
NMP - October 2016 - 56
NMP - October 2016 - 57
NMP - October 2016 - 58
NMP - October 2016 - 59
NMP - October 2016 - 60
NMP - October 2016 - 61
NMP - October 2016 - 62
NMP - October 2016 - 63
NMP - October 2016 - 64
NMP - October 2016 - 65
NMP - October 2016 - 66
NMP - October 2016 - 67
NMP - October 2016 - 68
NMP - October 2016 - 69
NMP - October 2016 - 70
NMP - October 2016 - 71
NMP - October 2016 - 72
NMP - October 2016 - 73
NMP - October 2016 - 74
NMP - October 2016 - 75
NMP - October 2016 - 76
NMP - October 2016 - 77
NMP - October 2016 - 78
NMP - October 2016 - 79
NMP - October 2016 - 80
NMP - October 2016 - 81
NMP - October 2016 - 82
NMP - October 2016 - 83
NMP - October 2016 - 84
NMP - October 2016 - 85
NMP - October 2016 - 86
NMP - October 2016 - 87
NMP - October 2016 - 88
NMP - October 2016 - 89
NMP - October 2016 - 90
NMP - October 2016 - 91
NMP - October 2016 - 92
NMP - October 2016 - 93
NMP - October 2016 - 94
NMP - October 2016 - 95
NMP - October 2016 - 96
NMP - October 2016 - 97
NMP - October 2016 - 98
NMP - October 2016 - 99
NMP - October 2016 - 100
NMP - October 2016 - 101
NMP - October 2016 - 102
NMP - October 2016 - 103
NMP - October 2016 - 104
NMP - October 2016 - Cover3
NMP - October 2016 - Cover4
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201912
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201911
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201910
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201909
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201908
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201907
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201906
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201905
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201904
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201903
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201902
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201901
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201812
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201811
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201810
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201809
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201808
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201807
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201806
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201805
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201804
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201803
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201802
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201801
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201712
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201711
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201710
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201709
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201708
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201707
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201706
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201705
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201704
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201703
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201702
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201701
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201612
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201611
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201610
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201609
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201608
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201607
http://www.nxtbook.com/nxtbooks/nmpmedia/nmp_201604
http://www.nxtbookMEDIA.com