DocMagic releases completed TRID software to customer base.

Position::NEWS ROOM - Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosure - Brief article
 
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* On May 7, Torrance, California-based DocMagic Inc. announced it has completed all required software development and testing for its new enhancements required by the Integrated Disclosure rule and has released the completed software to all DocMagic clients and loan origination system (LOS) partners for testing.

The enhancements are required to comply with the Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosure (TRID) rule, which is scheduled take effect on Aug. 1.

DocMagic says it is making the new TRID enhancements available now to its clients for in-depth testing prior to the deadline for adoption.

"We are giving our clients and partners the ability to be well-prepared for TRID far in advance of the Aug. 1 deadline," said Dominic Iannitti, president and chief executive...

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