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Document Updates: New First-Generation Homebuyer Certification (Cx27698)

Jul 29, 2024

The introduction of the new First-Generation Homebuyer Certification (Fannie Mae/Freddie Mac Form 1109) was recently announced by Fannie Mae and ...

Topics: Document Updates

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Document Updates: Proration Item Types on the Closing Disclosure

Jul 12, 2024

The Summaries of Transactions on the Closing Disclosure contains both “Adjustments for Items Paid by Seller in Advance” (in Sections K and M) and ...

Topics: Document Updates

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Document Updates: Closed End Second Condo Rider (Cx2482) and Closed End Second PUD Rider (Cx2483)

Jun 14, 2024

Two PUD and Condo riders were printing in standard second lien Texas Home Equity second lien packages. The duplicative non-Texas Home Equity copies ...

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Document Updates: Borrower Name(s) Field Update on Several Riders (Various)

Jun 12, 2024

We are updating a field associated with the borrower’s name on several riders. In the security instrument, the term borrower is more closely ...

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Document Updates: WI Advanced Fee/Application Disclosure (Cx2783)

May 31, 2024

Recently, Wisconsin enacted Senate Bill 773 which repealed certain disclosure requirements. As we previously announced, we determined that while the ...

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Document Updates: CT Real Estate Broker/Salesperson Disclosure (Cx3589)

May 31, 2024

Conn. Gen. Stat. § 20-325c(a) requires a disclosure to be made when a real estate broker or salesperson is also acting as a mortgage broker on a ...

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Compliance News: FHFA Announces Enterprise Reconsideration of Value Policies

May 10, 2024

On May 1, 2024, the Federal Housing Finance Agency released an announcement regarding Enterprise Reconsideration of Value policies. The announcement ...

Topics: In the News, Compliance News Alert

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Document Updates: eSign Available for Right to Choose Attorney (Cx3846) & Illinois Right to Choose Title Insurance (Cx1097)

May 10, 2024

With Docutech’s ongoing effort to make all generic documents in its library electronically signable, Cx3846 “Right to Choose Attorney” and Cx1097 “IL ...

Topics: Document Updates

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Document Updates: Cx2350 (CA Hazard Insurance Disclosure)

May 1, 2024

CA Insurance Code § 770 prohibits a lender to require the use of a particular insurance agent or broker. Additionally, § 772 requires the borrower to ...

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The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.

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