Loan Has Tax Escrow (FI 61570) is used to designate that there is a tax item that is part of the escrow account on the loan. Recently the Loan Has Tax Escrow field was added as a print condition for several Illinois Mortgage Escrow Account Act documents,…
We have changed the logic on one of our Data Integrity Checks for FHA loans, specifically, the DI Check that triggers the message:
“You have a missing or invalid FHA Case Number. The correct format is ############ or ###-###### with the FHA Suffix entered.”
Currently,…
We have created a new document for loans originating in the Virgin Islands. 9 V.I.C. 373 lays out the Virgin Islands’ requirements for a financing agreement. One of the requirements is that the financing agreement executed by the lender must be delivered to the borrower at least 72 hours before the time of settlement agreed to by the parties….
4 L.P.R.A. § 2055 states: “Public notarial documents shall be written on sheets of paper or folios fourteen inches (14) long by eight and a half inches (8 ½) wide.”
As such, the following documents have been formatted to print by default in legal size:
…
We previously announced mapping adjustments due to Kansas updating the KS Uniform Consumer Credit Code. We have further reviewed the updates and determined that KS ST 16a-3-207 has been fully repealed, which was the governing provision for Cx1595 (KS High LTV Consumer Notice)….
The CFPB has published finalized rules on Residential Property Assessed Clean Energy (PACE) transactions. The published rules and other resources can be found here. Several provisions in Regulation Z have been updated for transactions involving PACE transactions. …
VA Lenders Handbook M26-7, Chapter 9, Topic 8(c) states: “The lender must always verify that the Veteran is alive at the time of loan closing.”
When Cx16760 “Lender’s Certification of Veteran Alive at Time of Closing” was originally created,…
Documents related to the Illinois Mortgage Escrow Account Act in ConformX are required to be provided if the mortgage is not FHA-insured or VA-guaranteed, relates to the purchase of an owner-occupied, single-family residence, and an escrow account used to pay taxes is or may be required (765 Ill….
Our standard HELOC Important Terms document (Cx21651) has a table that shows how the Annual Percentage Rate and the minimum monthly payments for a single $10,000 credit advance would have changed based on changes in the index over the past 15 years….
Cx2485 “DC Real Property Recordation and Transfer Tax Form FP 7/C” has been revised to match the most current model form located on the DC Office of Tax and Revenue website. The changes to the form are minor and include a date change on the footer and clarified instructions in parts E and F of page one….
