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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 4 July 2025 M T E C H DOCMAGIC POWERS EHELOC REGISTRATION A ccording to DocMagic, Inc., Truliant Federal Credit Union completed the first electronic Home Equity Line of Credit (eHELOC) registration in the mortgage sector with the MERS eRegistry by utilizing DocMagic's end-to-end digital lending technology. "We have a long tradition of industry firsts, including executing the first eClosings in North Carolina and Massachusetts," said Brian D. Pannell, Chief eServices Executive at DocMagic. "Registering the first-ever eHELOC with MERS reflects our long-standing commitment to our clients and industry partners." DocMagic's eHELOC system offers a paperless process that makes use of MISMO's SMART Doc format and Doc- Magic's SmartSAFE eVault technology to guarantee smooth secondary market transfers, real-time transparency, and legal enforceability. "The achievement underscores Truliant's leadership in eClosings," said Todd Hall, President and CEO of Truliant. "By improving speed, efficien- cy, and the experience for borrowers through digital eClosings, we continue to make service more convenient for our members." DocMagic's eHELOC solution deliv- ers multiple benefits: • Digitizes the full HELOC lifecycle, eliminating paperwork and reducing operational errors • Enables MERS eRegistration and transfer of HELOCs using legally recognized digital contracts • Enhances liquidity, investor confi- dence, and funding efficiency • Provides real-time transparency and auditability through SmartSAFE eVault "We recognized home equity was a great area to use our mortgage eClosings expertise to improve our processes and increase convenience and security in digital lending," said Beth Eller, SVP of Mortgage Services at Truliant. "Our partners at the North Carolina Secretary of State's office and DocMagic have MTech been instrumental in ensuring this access for our members." Now that UCC Article 12 has been adopted by more than 24 states and Washington, D.C., digital HELOCs are set to become widely used. "We've worked for years to set the legal framework for North Carolina's vibrant e-commerce culture," said N.C. Secretary of State Elaine F. Marshall. "We've been honored to have Truliant and DocMagic as partners in our eClos- ing initiative for the past five plus years, so we are especially gratified that our state could lead the way in this next step in innovation." PHH MORTGAGE EXPANDS WITH BLEND TO ENHANCE REFINANCE & HOME EQUITY EXPERIENCES I n order to provide borrowers with quicker, more seamless home equity and refinance experiences, PHH Mortgage is growing its collaboration with Blend Labs, Inc. Rapid Refi and Rapid Home Equity are now part of PHH Mortgage's utili- zation of Blend's technology platform, which currently powers its mortgage lending operations. The change will assist PHH fulfill growing borrower ex- pectations and strengthen ties through- out the homeownership journey, from home equity loans to refinancing and mortgage origination, as part of its con- tinuous digital transformation. In the current economy, home eq- uity and refinance are two particularly significant potential for loan servicers. "Many homeowners today are still paying elevated mortgage rates or sitting on untapped home equity," said Colin Friday, SVP of Consumer Lending at PHH Mortgage. "As interest rates shift, many of these borrowers are actively ex- ploring ways to improve their financial