On January 17, 2023, the VA published Circular 26-23-3 and Circular 26-23-4 regarding revisions to VA Form 26-1820 “Report and Certification of Loan Disbursement”, the discontinuation of VA Form 26-1802a “HUD/VA Addendum to the Uniform Residential Loan Application” and VA Form 26-0503 “Federal Collection Policy Notice”,…
We have updated Cx14056, VA Form 26-1817, Request for Determination of Loan Guaranty Eligibility – Unmarried Surviving Spouses.
The changes were made to conform to the most recent model document published by the VA. Although the dates on the form have not changed,…
The Consumer Financial Protection Bureau has published a notice announcing they have updated their brochure entitled What You Should Know About Home Equity Lines of Credit. We have updated our Cx9925 to match their updated brochure,…
Docutech has updated the address in the “Notice” section near the bottom of page one of our North Dakota Money Broker Contract (Cx1904). While an amendment is still pending to update N.D. Admin. Code § 13-05-01-09, the North Dakota Department of Financial Institutions has advised Docutech to go ahead and print the new address of “1200 MEMORIAL HWY,…
Following a routine audit of VA forms, Docutech revisited the issue of the conflicting information from the VA concerning the use of electronic signatures on official VA forms.
In August of 2013, the VA issued Circular 26-13-13, the purpose of which was to clarify that electronic signatures are acceptable for use in conjunction with the VA Home Loan program….
The “Informed Consumer Choice Disclosure” is a model form available online at FHA Model Documents SF. Regulations for this document require that the loan information table, which appears in the middle of the model form, be updated periodically to “reflect prevailing market conditions” (see 24 CFR § 203.10[d])….
As previously announced, MERS published an announcement on August 15, 2022 regarding its 22.2 release for the MERS System/Procedures. Included in their announcement was an update to the MERS physical address for Indiana, Mississippi, New York, and Pennsylvania….
As previously announced, on May 5, 2022, Acting Commissioner of Financial Regulation David F. Provost signed an Order In Re: High Rate Mortgage Loan Disclosure which temporarily suspended until December 31, 2022 the disclosure requirements pursuant to Regulation B-98-2 (Vt….
As in previous years, the Consumer Financial Protection Bureau (“CFPB”) has updated a couple of the dollar amounts specified in various parts of Federal Regulation Z (12 CFR Pt. 1026), which amounts are required to be adjusted annually for inflation….
Our standard HELOC Important Terms document (Cx21651) has a table that shows how the Annual Percentage Rate and the minimum monthly payments for a single $10,000 credit advance would have changed based on changes in the index over the past 15 years….
Docutech’s fulfillment center has traditionally been open for processing and mailing packages every day except Sundays and Docutech holidays, or legally designated/observed holidays if the Docutech holiday falls on a Saturday or Sunday. The list of Docutech holidays is as follows:
To accommodate accelerated closing timelines,…
As announced earlier, FNMA and FHLMC have published revised uniform instruments that must be utilized for loans delivered to the GSEs with note dates on or after January 1, 2023. Although the documents released were allowed to be used immediately upon publication,…
As previously announced, California Senate Bill No. 633 amends requirements for consumer credit contracts, particularly those regarding the Notice to Cosigner. These amendments are effective January 1, 2023.
Per an introductory paragraph of Senate Bill No….
For those circumstances where the borrower or non-borrowing party have an individual with power of attorney signing for them, we are updating our Signature/Name Affidavits (Cx865 & Cx7965) to provide additional clarity around which party the person with power of attorney is signing for,…
Form HUD-92561 Borrower’s Contract with Respect to Hotel and Transient Use of Property, in which a borrower agrees with HUD to not use the property, for hotel or transient use purposes, is required under 24 C.F.R. § 203.16, FHA Single Family Handbook 4000.1 Pt….
Cx14217, Nonsupervised Lender’s Nomination and Recommendation of Credit Underwriter is a direct copy of VA Form 26-8736a. The VA has updated the form, so we have updated Cx14217 to match the updates made by the VA.
The changes include:
…
Pursuant to our monthly audit of Federal agency forms, we will be updating the following documents to match the most recent revisions published on the VA’s website (https://www.va.gov/find-forms/):
Substantial changes to these documents are as follows:
…
A minor technical update has been made to the revision date on the uniform instrument FNMA form 3043 (07/2021 versions) of The FNMA Tennessee Deed of Trust our (Cx25321). The technical update reflects: “07/2021 (rev. 10/21)”. This is the most recent revision date reflected on the model form….
As announced earlier, the new clean version of the 4506-C standard forms will be available for ink sign use in ConformX Production starting December 3, 2022.
Depending on signature length, the eSignature may partially overwrite the “Signature for Line 1a (see instructions)” or “Spouse’s signature (required if listed on Line 2a)” labeling of the new form….
In an effort to create a more streamlined document, we have updated the escrow section of Cx13979 District of Columbia Final Financing Agreement and Written Commitment. The previous line included checkboxes and read:
Private Mortgage Insurance of any other type of insurance ___ is or ___ is not required for your loan….
