MISMO Certifies DocMagic Platform
June 10, 2022
DocMagic attained MISMO’s eClosing System and remote online notarization (RON) certifications for its Total eClose solution.
Both certifications are part of MISMO’s eMortgage Technology Certification Program created to support, advance and increase the mortgage industry’s adoption of digital solutions and is specifically designed to facilitate and encourage e-closing transactions. Moreover, the RON certification confirms that the provider’s platform, procedures, and policies comply with MISMO standards and the e-closing certification confirms that the platform meets MISMO-specific requirements.
MISMO standards are widely accepted and used throughout the real estate finance industry, and most major institutions, including government agencies and GSEs, which are utilizing MISMO standards to exchange data with business partners. In addition, agencies like the CFPB have made it clear that their examination and data exchange tools will rely on and conform to the MISMO standard.
“We are pleased to have received these important certifications, which establish standards that improve lenders’ ability to evaluate eClosing technology providers,” said Dominic Iannitti, president and CEO of DocMagic. “DocMagic has consistently championed the utilization of eClosing and RON technology in an effort to move the industry forward. These certifications help facilitate the adoption process and we fully embrace them.”
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