To be more in alignment with the Consumer Financial Protection Bureau’s Escrow Disclosure Public Guidance Documents, in Cx7605 “Escrow Account Disclosure Enhanced Fees,” Docutech has added beneath the document title “Initial Escrow Account Disclosure Statement” the following language:
Lender/Servicer:
Address:
Telephone:
To allow for these areas to be filled out, the following fields have been added to Cx7605:
Field 43934 First Payment Letter Payment To Name
Field 43935 First Payment Letter Payment To Full Address
Field 74071 First Payment Letter Toll Free Phone
Field 1727 Payment/Servicing Companys Name
Field 15385 Payment Servicing Full Address
Field 1731 Payment/Servicing Companys Phone Number
Field 15360 Lender Name and Extension
Field 15358 Lender Mailing Address [Full]
Field 1072 Lender Phone Number
These changes are available for testing on Stage & Stage 2 servers and will take effect on March 22, 2024. If you have any questions or concerns, please contact Client Support at 1.800.497.3584.
COM-4352
DR-149030