Cx1507 is provided pursuant to the provisions of N.J. Stat. Ann. §§ 17:16F-17, 54:5-64(c), & 54:5-104.48 and N.J. Admin. Code §§ 5:33-4.3 & 5:33-4.4 and it is a duplicate of “Form ME1 – Initial Tax Authorization Notice” published on the New Jersey Department of Community Affairs website (https://www.state.nj.us/dca/divisions/dlgs/programs/tax_collector.html)….
After review, it was discovered in both Cx494 “NC Deed of Trust Second” and Cx509 “Tennessee Deed of Trust Second (Cx509)” that at the end of the first paragraph where it reads:
(“Lender”) is organized and existing under the laws of __________,…
Mass. Gen Laws Ann. Ch. 140, §114B allows for “a delinquency charge on any payment not paid in full within fifteen days of its due date in an amount equal to ten percent of the outstanding balance or ten dollars,…
We have updated the South Dakota Notary for Remote Online Notarizations (RON) to match the model form found in the South Dakota Notary Public Handbook. The notary block now includes the remote location of the signer as well as wording that indicates the Notary was performed using a tamper-evident electronic notarization system….
We are making an update to a field on our Interest Rate Reduction Refinancing Loan (IRRRL) Worksheet (Cx5535). Clients can choose to use financed discount points on the IRRRL Worksheet instead of all discount points. This functionality is triggered by setting field 143184 “VA IRRRL Worksheet – Use Financed Discount Points” to ‘Yes’,…
Cx3971 is provided pursuant to 24 CFR 203.12(b)(2) and the SFH Handbook 4000.1 II.A.5.d.ix(A)(2)(b) which requires a Builder’s Certification of Plans (HUD 92541) to be submitted in the case file for construction loans. HUD has published an updated form that updates several of the internal legal references. …
SFH Guaranteed Loan Program Technical Handbook HB-1-3555 Ch. 12 Sec. 3-12.9.A. states:
“Lenders must provide applicants with Form HUD-92564-CN, For Your Protection:
Get a Home Inspection, with evidence maintained in the lender’s permanent loan file.”
As such,…
After review, Docutech has decided to have the language in Cx1062 “Fixed Rate Note New Hampshire Second” mirror the language in Fannie Mae/Freddie Mac Uniform Instrument Form 3230 “New Hampshire Fixed Rate Note.”
Cx1062 has been updated with the addition of Paragraph 3(C) “Acceptance and Application of Partial Payments” to Paragraph 3 “Payments” which is specific to New Hampshire notes….
As previously announced, we have created a revised set of FHA security instruments and notes that are based on the 2021(effective 2023) GSE forms. In a later announcement, we gave a timeline of the rollout of these documents and the discontinuation of the old FHA notes and instruments….
According to Cal. Bus. & Prof. Code §10240(a), a real estate broker is required to deliver to the borrower a statement in writing containing certain information, including amounts for appraisal fees, escrow fees, and title charges. Subsection (c) states that if the borrower receives a “good faith estimate” satisfying the requirements of the Real Estate Settlement Procedures Act of 1974 with other specified disclosures,…
Vermont Secretary of State/Office of Professional Regulations has recently proposed new Administrative Rules for Notaries Public, which are scheduled to go into effect on February 26, 2025. These rules create standards for issuing commissions as well as special endorsements to notaries public to perform notarial acts on electronic records and for remotely located individuals….
Due to recent client requests, we have enhanced functionality in Cx14216, which is our copy of VA Form 26-1805 “Request for Determination of Reasonable Value (Real Estate)”. Some field logic has been altered, including the following:
…
As announced here, we made some changes for Section 184/184A loans. We are adding some additional documents for Section 184/184A loans. According to the Section 184A processing guidelines, a lender must submit documentation that the property has completed construction for newly constructed properties prior to closing,…
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,…
