NMP - February 2018 - 15

continued on page 16

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www.remnwholesale.com

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REMN Wholesale, a division of HomeBridge Financial Services, Inc.
DBA Real Estate Mortgage Network. This is a business - to - business

15

n National Mortgage Professional Magazine n FEBRUARY 2018

203KVAHO
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DocMagic has announced that it
has processed more than 300
million mortgage-related
electronic signatures. This
milestone achievement is the

to get a consistent, compliant
eSigning solution that spans the
original LE [Loan Estimate] to the
final CD [Closing Disclosure],"
said Dominic Iannitti, President
and Chief Executive Officer of
DocMagic. "Lenders know
DocMagic is the go-to choice for
compliance. We reached 300
million eSignatures because we
have solved lenders' number one
burden for the past two years-
electronic evidence of TRID
compliance-while enabling them
to stay competitive and enhance

NationalMortgageProfessional.com

SA

FHA
S
T
RE

The Federal Housing Finance
Agency (FHFA) has published a
final rule establishing Fannie Mae
and Freddie Mac's new singlefamily and multifamily housing
goals for 2018 through 2020.
The single-family housing goals
remain unchanged, with the FHFA
mandating Fannie Mae and
Freddie Mac to a benchmark level
of 24 percent for low-income home
purchases, six percent for very
low-income home purchases, 14
percent for low-income areas
home purchase sub-goals and 21
percent for overall low-income
refinancings.
For multifamily housing goals,
the FHFA established a lowincome goal of 315,000 units, up
from the 300,000 for the 20152017 benchmark level period. The
very low-income sub-goal is
60,000 units, the same as the
2015-2017 period, while the Small

DocMagic Hits Milestone
of 300 Million Mortgage
eSignings

direct result of increased
adoption of several DocMagic
technologies that feature its
comprehensive eSigning
platform, which can be accessed
as a software-as-a-service (SaaS)
or on-premise enterprise
platform. Each of DocMagic's
digital platforms reports a
significant increase in volume,
which the company attributes to
lenders' growing need to prove a
TRID-compliant, 100 percent
paperless mortgage process.
"Borrower demand is driving
the increase in eSignings, and
lenders are choosing DocMagic

IRRRLFREDD
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FHFA Establishes Housing
Goals for Next Two Years

Multifamily low-income sub-goal is
10,000 units, unchanged from 2017
but higher than the 8,000 level in in
2016 and 6,000 in 2015.

MES
TI

years," said Tobin Seven, CoFounder of Scholarships For
Eagles Program and also an Eagle
Scout. "We represent the only
organization on the East Coast
providing this benefit to Eagle
Scouts and we expect the
organization will continue to grow
from here. McLean Mortgage is
also underwriting six more college
scholarships this Spring. McLean
Mortgage and its CEO Pat Peavley
truly represent what it means to be
a leader in helping our youth who
earned their Eagle Scout award
attend college."
The winners of the scholarships
include Leo Cantos, Nick Cantos
and Steven Cantos of Wakefield
High School; Christopher Margiotta
of George Marshall High School;
Diego Cobos of Centreville High
School; Joshua Gilchrist of Trinity
Christian School of Fairfax; Collin
Nelson of Centreville High School;
Sean Piwowar of Robinson
Secondary School; Aaron Shurberg
of W.T. Woodson High School.
As a local lender, McLean
Mortgage Corporation has been
integrally involved in supporting
the Washington community,
especially organizations that
support veterans and the
community's youth. The company
was recently ranked sixth of the
Top Volume Lenders in the
Washington, D.C. Metropolitan
Area by the Washington Business
Journal.


http://www.NationalMortgageProfessional.com http://www.remnwholesale.com

Table of Contents for the Digital Edition of NMP - February 2018

Contents
NMP - February 2018 - Cover1
NMP - February 2018 - Cover2
NMP - February 2018 - 1
NMP - February 2018 - Contents
NMP - February 2018 - 3
NMP - February 2018 - 4
NMP - February 2018 - 5
NMP - February 2018 - 6
NMP - February 2018 - 7
NMP - February 2018 - 8
NMP - February 2018 - 9
NMP - February 2018 - 10
NMP - February 2018 - 11
NMP - February 2018 - 12
NMP - February 2018 - 13
NMP - February 2018 - 14
NMP - February 2018 - 15
NMP - February 2018 - 16
NMP - February 2018 - 17
NMP - February 2018 - 18
NMP - February 2018 - 19
NMP - February 2018 - 20
NMP - February 2018 - 21
NMP - February 2018 - 22
NMP - February 2018 - 23
NMP - February 2018 - 24
NMP - February 2018 - 25
NMP - February 2018 - 26
NMP - February 2018 - 27
NMP - February 2018 - 28
NMP - February 2018 - 29
NMP - February 2018 - 30
NMP - February 2018 - 31
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NMP - February 2018 - 33
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NMP - February 2018 - 35
NMP - February 2018 - 36
NMP - February 2018 - 37
NMP - February 2018 - 38
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NMP - February 2018 - 40
NMP - February 2018 - 41
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NMP - February 2018 - 45
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NMP - February 2018 - 47
NMP - February 2018 - 48
NMP - February 2018 - 49
NMP - February 2018 - 50
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NMP - February 2018 - Cover3
NMP - February 2018 - Cover4
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