eMagic News & Views

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Something New - coming October 15th... eMagic Institution Administrators can unlock other Administrators! eMagic Institution Administrators can download valuable user information on the User Administration screen. Simply export user names, login IDs, contact info, authorization levels, etc. in Excel format. You can now swap borrowers and co-borrowers in the Loan App. Just remember to re-order DU after swapping. Still no tricks, just treats! Benjamin Fitch from Simplified Lending Solutions, LLC in Dover, New Hampshire was the winner of last month's puzzler. He won a basket of eMagic goodies, including a comfy polo shirt. The answer to the Smiles and Tiles puzzle is: "eMagic Trio is to the filing cabinet what an LOS is to the typewriter." Make sure that you're the one! Is the e-mail address in your record actually yours? Check it out to make sure, and update it if it's not. eMagic will soon require a unique e-mail address for each user. To be sure you're THE ONE to receive all notifications, updates and password e-mails, go to your profile now and confirm the e-mail address in your account is yours. Otherwise, someone else will get the information, which will limit your ability to reset your password. Visit eMagic and Myers booths at: Virginia Association of Mortgage Brokers October 17-19, 2007 Virginia Beach, VA National Association of Mortgage Brokers November 2-6, 2007 Las Vegas, NV Editor: Gretchen Theisen Designer: Heidi Roberts We welcome your ideas! feedback@emagic.com
	Treat yourself with eMagic Tricks and treats are on the agenda this month. Let's start out with a treat: we’re going to compare eMagic to a candy buffet! Imagine you're in a candy store. One shelf has a nice array of candy: Tootsie Rolls, Twizzlers and Skittles. You can take as much as you want of these candies, but you have to put each kind in a separate bag. You can do it, but you have to juggle all those different bags, and remember what candies you put in which bag... Turn around now, and look at the top shelf behind you. Check out that selection! Chocolates, peanutbutter cups, candy bars, M&Ms, nut rolls, lollipops and lemon drops. Here, too, you can take as much as you want, but this time you only need ONE BAG! You're probably wondering, "eMagic, where are you going with this? Is this a trick or a treat?" Well, we want you to think of eMagic in a different way. You may be using eMagic now through a lender's private-labeled site, which is customized to match the lender's own website brand and colors. eMagic is actually working behind the scenes, powering the site. You still get most of the benefits of eMagic by accessing a private-labeled lender site directly, BUT you are most likely using a separate login ID and password (or bag!) each time you access the site. The good news is that if you go through eMagic directly, you have a lot more choices at once, just like that top shelf of candy! You can access all of the lenders you are currently working with from this one spot and gain access to lots of cool origination features, such as loan calculators. AND, you only need to use ONE login ID and password. One bag fits all! Here's the technical definition of eMagic: It's a web-based portal that connects originators, vendors and lenders into one system, which makes the loan process easier and more efficient. With one personal, single login ID and password, originators can electronically deliver their loans to eMagic-hosted lender sites. It's a treat for you no matter how you define it! How to find your favorite lender Find out if your lenders are currently participating on the Magic platform by clicking to open this PDF. And if you find you don’t have access to your lender’s site, here’s how you get it. (Note: only eMagic Institution Administrators can sign up.) Log in to eMagic (www.emagic.com) Under Manage Account, select Investor/Vendor Services. On the Investor/Vendor Services screen, select "Signup for a Lender's eMagic Hosted Site." That's it! Finish this acronym puzzle ASAP! Choose the appropriate translation for each MRA (Mortgage-Related Acronym), and fax your correct answers to 414-347-6464 by Wednesday, October 24th to be included in a random drawing for a basket of eMagic treats! 1) FCRA a) Federal Credit Reporting Association b) Fair Credit Reporting Association c) Fair Credit Reporting Act d) Foreclosure Cost Ripple Affect 2) APR a) Awaiting Precious Retirement b) Appraisal Profit Ratio c) Assessment of Price Range d) Annual Percentage Rate 3) URLA a) Uniform Residential Loan Application b) University of Realty - Los Angeles c) Universal Residential Loan Application d) Underwriting Really Large Applications 4) MBA a) Mortgage Brokers Association b) Mortgage Business Administration c) Multitude of Business Acronyms d) Mortgage Bankers Association 5) TIL a) Truth in Lending b) Taxis in Long Island c) Truth is Laborious d) Trends in Lending Name____________________________Company_______________________ Email___________________________ Phone #_________________________

News & Views News & Views is a monthly publication of eMagic, an MGIC company. This newsletter is designed to keep you informed of eMagic technology platform enhancements and mortgage industry news that you can use. eMagic®, and Everything. Made simple.™ are trademarks; and Trio^SM is a service mark of eMagic.com, LLC, an MGIC company. DO Express is a service accessing Desktop Originator®, a registered trademark of Fannie Mae. DU Express is a service accessing Desktop Underwriter®, a registered trademark of Fannie Mae. LP.com and LP Express are services accessing Loan Prospector®, a registered trademark of Freddie Mac.