The State of Colorado allows for the use of electronic notarization. CRSA §24-21-520(3) requires the signature of the notary public to contain the following elements:
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California Government Code §27361.6 requires all documents submitted for recording to “show the name of the person requesting recording and the name and address to which the document is to be returned following recording.” In the past, we have complied by combining both the “Requested by” and the “When recorded mail to” requirements. …
The instructions to the 2021 versions of the Fannie Mae/Freddie Mac unform security instruments allow certain purchase money language to be included as a “may” change. The relevant instruction states:
Lenders MAY add the words “Purchase Money” in front of or above the caption “Deed of Trust”,…
It has come to our attention that there is a section on Oregon’s Interest Rate Lock/Float Agreement (Cx4297) that is causing some confusing for borrowers. On the model form, there is a section with instructions “Please initial one, Float or Lock:” followed by two options,…
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….
