Redesigned user-centric platform dramatically improves borrower signing experience

TORRANCE, Calif., Oct. 6, 2021—DocMagic, Inc., the premier provider of fully compliant loan document preparation, automated regulatory compliance, and comprehensive eMortgage services, announced the official launch of its eSign 3.0 platform. The enhancements to the mortgage industry’s preeminent eSigning platform introduce new tools and features designed to enable lenders to easily facilitate remote online notarization (RON) for paperless eClosings. 

Among eSign 3.0’s new features is a secure eClose portal that enables notary and settlement service providers to easily access and update closing document packages. When documents are added by the closing agent or notary, DocMagic’s AutoPrep™ functionality instantly prepares the uploaded documents for electronic execution. 

In addition to new RON and eClosing capabilities, signer functionality has been dramatically improved with eSign 3.0.  With a growing percentage of borrowers using their mobile devices to participate in the mortgage process, eSign 3.0 offers a much more intuitive — and therefore easier — experience for borrowers.

“We developed eSign 3.0 by making the borrower experience our primary focus,” said Dominic Iannitti, president and CEO of DocMagic. “The workflow takes both the user's physical and emotional experiences into account. We paid close attention to the way users physically handle their phones as well as their emotional responses to technology. The result is a far more statisfying borrower experience.”

Other benefits of the updated platform include built-in knowledge-based authentication and identity validation; a redesigned workflow to give borrowers additional time to read and review documents in a single, centralized view; an accelerated signing phase where intuitive tools track progress at every stage; and full oversight until all documents are executed.  The platform’s integrated progress-tracking tools can be used on a computer or mobile device to keep borrowers aware of their progress every step of the way. 

“It all starts with a robust API,” said Iannitti. “eSign 3.0 is powered by a comprehensive suite of web services designed specifically for seamless integrations. The end result is that eSign 3.0 makes borrowers feel more connected and informed, so they’re confident about working with their lender and walk away having enjoyed a more positive and memorable engagement.” 

The eSign 3.0 platform leverages the company’s suite of eMortgage solutions, including components of its end-to-end Total eClose™ platform, dynamic document and MISMO Category 1 SMART Doc® eNote generation, automatic eNote registration with MERS®, and secure storage within its certified eVault.

eSign 3.0 also incorporates DocMagic’s AutoPrep™ technology to instantly identify signatures, initials and notary regions on documents added to the closing package by settlement and title agents, and automatically applies the essential e-tag information required to facilitate electronic execution. This eliminates the labor intensive and error-prone process of manually preparing documents for electronic execution.  

The company will be showing demonstrations of its solution suite at the MBA Annual Convention & Expo in San Diego from Oct. 17 – 19, booth 314. 

—Leading title insurance and settlement services provider accelerating adoption of Remote Online Notarization across all residential real estate transaction types—

SANTA ANA, Calif., Sept. 30, 2021 – First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced expanded remote online notarization (RON) availability for residential real estate transactions via the company’s Direct and Agency division operations, offering home buyers, sellers and borrowers greater flexibility, convenience and the safety of closing their home purchase or refinance transactions remotely. As state laws governing the use of RON have evolved in response to both the pandemic and consumer preferences, First American has accelerated the use of RON with the company’s preferred RON platform, Notarize, and currently offers title insurance on RON-executed real estate transactions in 32 states, with additional states to follow. 

            “Providing consumers with the much-asked-for option to close their real estate transactions remotely reflects our commitment to leading the digital transformation of the title and settlement industry,” said Chris Leavell, chief operating officer, First American Title. “We’ve seen a dramatic increase in the adoption of RON across all our settlement operations and are now initiating and closing more than 1,000 RON transactions per month, in addition to the growing number of RON transactions lenders are initiating. This is an emerging industry norm, and we expect the overall volume of RON transactions to increase further in the months ahead.” 

            RON adoption has skyrocketed, with category-leading provider Notarize seeing real estate volume growth of 800% since 2019. Each month, RON volume grows as demand increases for a more convenient, cost-saving, and secure digital experience. While the adoption of RON is increasing across all types of real estate transaction closing scenarios, including those in which the lender initiates the use of RON as an option, First American has seen the greatest interest in RON in the seller-side of residential transactions, which involve fewer documents and do not include a promissory note. 

            First American Title’s Direct division offers RON closing options to buyers, sellers and borrowers through a centralized team of certified RON specialists. The company’s Agent Advantage team provides title agents with RON capabilities through a variety of options, including strategic partnerships with Notarize and other platforms. First American Title’s Agency division also offers an eClosing toolkit and a comprehensive collection of training resources to help title agents implement eClosings in their operations.

            First American’s efforts to accelerate the adoption of RON builds on the company’s success providing eClosing services to lenders via First American Docutech and through First American’s broader settlement operations. As First American completes additional integrations and launches new innovative technologies, RON adoption is expected to further accelerate.

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans. For more information, visit www.firstam.com/title. 

About First American

            First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of $7.1 billion in 2020, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2021, First American was named to the Fortune 100 Best Companies to Work For^® list for the sixth consecutive year. More information about the company can be found at www.firstam.com.

Cherry Hill, NJ., September 27^th, 2021 - EMM Loans, one of the nation’s premier providers of conventional, FHA, VA, non-prime and construction loans, announced that the company participated in the Southern New Jersey’s Tractor-Trailer Challenge to help the victims of Hurricane Ida. Run solely by community volunteers using tractor-trailers and drivers provided by local transport companies, The Tractor Trailer Challenge is to fill an entire 53-foot tractor-trailer with donated supplies for those affected by disaster. 

“Being part of The Tractor-Trailer Challenge helps an incredibly good cause” said Kevin Crichton, President of EMM loans. “Our employees are always trying to help people, that’s what we do for a living. Programs like this are just an extension of who we are and offer us another way to reach out and help those in need”. 

The Local Acts of Kindness Foundation is a New Jersey based non-profit organization born from the pure joy and excitement of engaging of acts of kindness and the desire to organize more of them in their South New Jersey community. Realizing that people readily and joyfully participate in organized acts of kindness, especially when challenged, they organize Tractor-Trailer Challenges to support disaster relief efforts. Similar events rose support for victims of hurricanes Florence (2018), Irma (2017) and Super Storm Sandy (2012). 

“We were happy to unite with town residents, organizations, schools and other businesses to try to meet this one-weekend challenge,” said Crichton. “We donated non-perishable food, pet food, cleaning supplies, paper towels, trach bags, personal hygiene items and a lot of other desperately needed supplies that will be delivered to those in need. What a great way to spend a day.” 

About EMM Loans LLC:

NMLS:2926 | Headquartered in Cherry Hill, NJ, EMM Loans is a mortgage offering mortgage services though various business channels. EHL/EOE.