As announced here, we previously made adjustments to some of the document logic on New York HELOC Mortgage (Cx1327) for the checkboxes that are part of the BORROWER’S STATEMENT REGARDING THE PROPERTY.
In light of those recent adjustments,…
SC Code 37-23-70(D) says:
(D) At the time of application for a mortgage loan, the mortgage broker, originator, or employee shall provide the borrower with a document specifying the agency designated to receive complaints or inquiries about the origination and making of the loan,…
According to the signature requirements from Freddie Mac Seller Guide 5103.7(b)(i)(A), “[e]ach beneficiary of a Land Trust who is a Borrower must sign the Note in that beneficiary’s individual capacity.” Since it is the Land Trust beneficiaries who are required to sign the Note,…
ConformX has the following global Data Integrity Error that fires in non-Closing packages:
ConformX does not support cooperative loans that are for HELOCs, investment properties, junior liens, construction loans, PUDs, condominiums, or for any loans that are not conventional (i.e.,…
We have updated the logic tied to one of the checkboxes on Cx2889. We are changing the field associated with the checkbox for “There is a beneficial change for the Borrower in the duration of the loan.” to Field 121766 “Net Tangible Benefit –…
As previously announced, Docutech added optional subtitle functionality to all California Deeds of Trust.
In Cx1362 “HELOC Deed of Trust – CA,” the actual title that previously printed on the document was “DEED OF TRUST AND ASSIGNMENT OF RENTS.” Because the phrase “ASSIGNMENT OF RENTS” was contained in that title,…
The Massachusetts Department of Banking has announced on their website that they will be moving. Starting February 7, 2025, all mail should be directed to:
One Federal Street, Suite 710
Boston, MA 02110-2012
Cx3852 MA Mortgage Review Board Notice,…
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 Warning 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….
