Login with your email and password
Enter your account information in this login pop-up screen
Click the box that reads “Remember Me” so you don’t
In Loan Program, select “All Fixed Loans”
If you’re not sure what to enter into each field, click inside the field and what is needed
Enter in the borrower’s information here
You can add additional borrowers by clicking in the space here
Choose Type here
In the details tab, here…
NOTE: Anything in REDmeans the information doesn’t match what’s in the system
To correct this:
DocMagic Online will apply appropriate state-specific documents for the package, once the subject property state
is entered. Select Property Type here
By putting in the correct State, Property Type and Project name (here), the correct rider is
The last thing you need to do in this tab is enter in the Legal Description here.
Always click inside a field if you’re unsure of what’s needed – it will tell
The Terms tab gives you your first glimpse of the loan
1. Click inside the Days Prepaid Interest field and change it to 10. That number will automatically turn RED
2. Delete the number and click outside, and then back inside the box…
You can perform the same function with the monthly payment
Choose any number, highlight it and then delete it
HELOC and ARM tabs are GREY because the
If/When you change the rate to Adjustable, it will appear in REDbecause the information
There are two required providers that are part of this transaction: 1. The Loan Originator for the Company
2. 2. The Loan Originator for the Loan Officer
In the Other Liens section, you choose if it’s the first,
second, or third lien
Click the magnifying glass to add
In the Payoff Type section, you can select the type of payoff you’re going to be entering. Be sure to
In the TRID section, when you click on the drop down you can select the appropriate
category from the pop up box
Select one of these two options, DocMagic doesn’t recognize the
These charges in the Charges Amt. column are estimates during the initial disclosure stage and what are
referenced in the Loan Estimate
Throughout this process, the amounts in the loan estimate move to the closing section,
and the items from the loan estimate are moved to the Estimate column. Now the charge amount column become the items
Paid By section means you must enter items that will be paid, and reference the lender, seller or broker
Amount Paid column is for items paid outside of closing. Select the
POC (Paid Outside of Closing): Radio boxes are checked here for items
that will be paid out of closing.
Different types of Impounds populate. Select ”Insurance” and “Property Taxes.”
Enter in who the Hazard Insurance and who the Property Taxes will be paid to.
Enter in the number of times this payment should be made AND how much each payment is.
Due date will be on or after the first payment date.
Pro Tip: If you forget the due date you can go back to the Terms Tab and the “First Payment” data field entry box is where you can find the due date.
The number of months are automatically calculated for you. These are the number of months collected to begin
Click the calculator and the Aggregate Adjustment
amount will be calculator.
Pro Tip: If Low Balance exceeds your Cushion, an Aggregate Adjustment will be needed. To do so; increase the number of months column to create a cushion.
Select the Impound button and a complete account
In the QM Data Ratio; enter in the correct percentage.
Enter the type of credit, source of credit, the amount and select OK
Select the appropriate County to indicate where the loan proceeds will go to.
Select the type of form that is applicable to the loan. Purchases; a Standard Form is used and for
Refinances; the Alternate Form is used. Be sure to review the final loan
There are 2 types of Audits: 1. Warnings- You can proceed with the loan
2. Fatals- You can not proceed with the loan because it is a hard stop.
Review the information. Once everything checks
out click Audit the file.
By clicking the globe icon, it will reroute to the DocMagic Compliance page. There additional information related to
the message can be found. The Category column will
Click Details and the Loan Detail Report
Transactions Details: Shows data DocMagic picked up. Here information needs to be validated
Data Validation: Shows Warning messages, Summaries and Account Analysis.
Compliance Audits: Shows the customers DocMagic partners with to complete Audit and the Tolerance Cure
Summary (money going back to the Borrower).
Once ready to process, select the “Process” button.
Enter in the package type: “Initial Disclosures”, select the type of
File Format
Pro Tip: For the File Format, that can only be used if DocMaster will be utilized. For eSign be sure to have the correct loan number, social and correct email on file for all Borrorwers.
Electronic Delivery:
Select DocMagic eSign if utilizing DocMagic eSign Platform AND
Once completed a CONGRATULATIONS box will appear and your documents can be downloaded.
