The following changes are being made to the redesigned FNMA Form 1003/FHLMC Form 65 (our Cx20667) following further testing that has been done during the FNMA/FHLMC Limited Production Period:
- Section 2d: The loop logic was updated to look for any Other Liabilities and Expenses values (Description, Type, OR Monthly Payment), rather than solely looking at the Monthly Payment.
- Section 3a: Logic was modified in this Section to print the REO(s) for Borrower 2 if Borrower 1 does not have an REO but Borrower 2 does.
- Section L1: Added Redesigned 1003 specific fields for Refinance Type and Refinance Program so that these sections can be controlled independent of other Sections/documents.
- Section L2: Updated the logic to only print information for the “Title Currently Held” box if the loan is a refinance, per the “For Refinance” part of the box instructions.
Note that these same changes are also being made to our Spanish Translation Aid Form 1003/Form 65 (Cx20668).
These changes are available now on ConformX Stage servers for testing, and will be available on Production on September 25, 2020. Questions or concerns about these changes should be directed to Client Support at 1.800.497.3584.
Please visit the Docutech URLA Resource Center to access additional information on the redesigned URLA, including previous announcements: https://compliance.docutech.com/urla-resource-center/