We have modified our standard multi-state Security Instrument Riders for use with Home Equity Line of Credit packages. The specific documents (and their associated Cx IDs) are as follows:
- Second Home Rider – HELOC (Cx20384)
- Condominium Rider – HELOC (Cx20385)
- PUD Rider – HELOC (Cx20386)
- 1-4 Family Rider – HELOC (Cx20387)
Note that, by default, our associated document trigger “Print Generic HELOC Security Instruments” (field 109179) will need to be set to “Yes” to have the new HELOC Riders print.
These documents will be available immediately. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.
Update: We will also be configuring Heloc (Field 28859) to “No” for our copy of FNMA Form 3890 Rider Second Home (Cx35). Cx35 should not print for HELOC loans; Cx20384 should be used instead. This change will be effective immediately.