Fannie Mae recently updated Paragraph 15(b) of the 07/2021 Washington Security Instrument (Form 3048, our Cx25327).
For increased clarity, the phrase in Paragraph 15(b)(ii) has been updated as follows:
from: “property inspection, and valuation;”
to: “property inspection and valuation fees;”
In order to access the updated version of Cx25327 –…
Fannie Mae recently updated Paragraph 4(a) of the Instructions to the 07/2021 Texas Home Equity Security Instrument (Form 3044.1) (our Cx25323).
In this Instruction update, if MERS is designated as the mortgagee of record (as nominee for the beneficiary),…
Haw. Rev. Stat. Ann. § 456-9(c)(4) reflects that every acknowledgment or jurat with a certificate shall be signed and dated by the notary public, include the printed name and official stamp or seal of the notary public, and shall identify the jurisdiction in which the notarial act is performed….
We have made slight updates to the fields that are associated with our Signature/Name Affidavit (Cx865) when it pertains to power of attorney. We are adding logic to the borrower copy, Cx865, to append the applicable “Borrower [x] Power of Attorney Verbiage” field (Fl 183,…
According to DC Code § 47-813, a Class 1 property is established if the property is comprised of improved residential real property, is occupied by the owner, contains not more than 5 dwelling units, and is used exclusively for non-transient residential dwelling purposes….
Pursuant to our monthly audit of federal agency forms, we are updating the following USDA documents to match the latest version of the published model forms:
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Pursuant to our monthly audit of federal agency forms, we are updating the following VA document to match the latest version of the published model forms:
Request for Determination of Reasonable Value –…
As announced earlier, FNMA and FHLMC have published revised uniform instruments that must be utilized for all 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,…
***Please be aware that these changes are not related to the upcoming modernization changes to the 4506-C that the IRS will require on December 1, 2022.***
IRS Form 4506-C is used to request tax return information….
We are removing the default witness signature lines from appearing on our standard New Mexico HELOC Mortgage (Cx1365). After research and review, we have been unable to locate a legal requirement for witness signature lines for New Mexico security instruments. …
As previously announced, we have added English and Spanish translations of the Supplemental Consumer Information Form (SCIF) as will be required by FNMA and FHLMC on March 1, 2023 (Cx23518 and Cx23519). We have added additional functionality to Cx23518 to allow borrowers to mark the appropriate checkboxes during the eSign process….
Docutech is making a configuration update to the FNMA form 3732 Homestyle Renovation Loan Rider (Cx22294) and the FNMA Form 3733 Homestyle Renovation Loan Investor Rider (Cx22292). Previously, we had both documents printing for all loans based on the print trigger 29861 “Rehabilitation/Renovation”…
The Maryland Department of Housing and Community Development updated the Important Notice Regarding Housing Counseling form. According to MD Code Ann. Com. Law § 12-409 borrowers are required to be provided a list of housing counseling agencies shortly after applying for a loan subject to RESPA….
After our monthly review of HUD model forms, we have identified two forms that needed to be updated. They are as follows:
Form HUD-92210.1 – Approval of Purchaser and Release of Seller (Cx14701)
Form HUD-9746-A –…
In Mortgagee Letter 2022-11 from the U.S. Department of Housing and Urban Development (HUD) dated July 12, 2022, it was announced that the Federal Housing Administration (FHA) initial appraisal validity period has been increased from 120 days to 180 days from the effective date of the appraisal….
The Oregon Division of Finance and Corporate Securities has published updates to their “Interest Rate Lock/Float Agreement” on their website at: https://dfr.oregon.gov/business/licensing/financial/Pages/applications-forms-reports.aspx. This document complies with the provisions of Or. Rev. Stat. Ann. § 86A.115(2), Or. Admin….
After a review of the language that prints for our signature lines for Trusts, we have decided to update our standard Trust signatures to provide the Freddie Mac verbiage for settlor signature lines for FHLMC loans, as outlined here in their guidelines….
Docutech is updating the field associated with the “Mailing Address for Notices” line on our California HELOC Deed of Trust (Cx1362) near the bottom of the document where the Trustors request that a copy of any notice of default, and of any notice of sale be mailed to the address listed….
We are updating our MD Net Tangible Benefits Worksheet( Cx13909) to match the latest version of the form published by the Maryland Commissioner of Financial Regulation, see: https://www.dllr.state.md.us/forms/frnettangiblebenefitsworksheet.pdf. This document is published pursuant to the requirements found in Md….
The Minnesota Department of Commerce recently announced changes to dollar amounts which are indexed in the Minnesota Consumer Credit Code (Minn. Stat. Ann. § 47.59(3)(i)) and in the Regulated Loan Act (Minn. Stat. Ann. § 56.131(4)) effective July 1, 2002….
