As part of our efforts at Docutech to offer products on a generic basis, we are pleased to announce that we have reviewed and implemented requirements for the Fannie Mae Homestyle Renovation program. Our new generic FNMA Homestyle documents are:
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The following Data Integrity Checks will be removed from ConformX:
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As previously announced, the Federal Housing Finance Agency (FHFA) has published a new “Language Translation Disclosure” which discloses helpful information to borrowers in Chinese, English, Korean, Spanish, Tagalog, and Vietnamese.
We are pleased to announce that we have created a duplicate of this document in “Notice to Borrowers about Language” (Cx22719),…
As previously announced, FNMA recently modified their “MERS® Mortgage Assignment (Maine)” (FNMA Form 3749), by modifying the definition of “Mortgage” within the document.
We have revised the “to MERS” version of Cx1529 (which is a duplicate of FNMA Form 3749) by revising said definition to state the following:
“’Mortgage’ means the mortgage assigned hereunder,…
Earlier this year, we announced enhanced support for cooperative loans in New York. We are pleased to announce that we have added additional FNMA and FHLMC uniform notes and riders for these types of loans. A complete listing can be found in our updated previous announcement….
Upon standard review of our document library, we are updating our version of VA Form 26-8923, Veteran of Affairs Interest Rate Reduction Refinancing Loan Worksheet (Cx5535), to align with the updated model form that is available on the Department of Veteran Affairs site located here;…
Per La. Code of Civil Procedure Art. 2635(2), in order for a lender to prove their right to use executory process to foreclose on a mortgage, an “authentic act” of mortgage must be present. La. Civil Code Art. 1833(A) states:
“An authentic act is a writing executed before a notary public or other officer authorized to perform that function,…
As previously announced, the IRS has updated IRS Forms 4506-T and 4506T-EZ in order to better protect the private information of taxpayers (see https://www.irs.gov/newsroom/coming-soon-a-new-tax-transcript-to-better-protect-taxpayer-data for details).
As a result of these updates, we will be updating our copies of Form 4506-T to match the latest updates. …
Cx1024 is provided due to the provisions of Mass. Gen. Laws Ann. ch. 148, §§ 26E & 26F and Mass. Regs. Code tit. 946, § 7.14, the latter two sections requiring the following:
“All buildings or structures occupied in whole or in part for residential purposes and not regulated by sections twenty-six A,…
Per Minn. Stat. Ann. § 47.206(2):
“A lender offering borrowers the opportunity to enter into an agreement in advance of closing shall disclose, in writing, to the borrowers at the time the offer is made: . . .the steps required to process,…
Maryland Real Property §3-501 requires that all instruments recorded in Montgomery County have:
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Previously, we had announced changes to these documents as part of FHLMC’s new servicing requirements concerning the cancellation of private mortgage insurance (see https://compliance.docutech.com/2018/08/10/document-updates-california-connecticut-and-washington-pmi-disclosures-cx999-cx1029-and-cx18541/). The previously announced changes were for grammatical purposes and we are now changing these documents to align with FHLMC’s new requirements,…
As previously announced, the Vermont Department of Financial Regulation has revised Vermont’s commitment letter administrative requirements. We provide Cx4671 for these requirements, as well as those of Vt. Stat. Ann. tit. 9, § 103.
Changes to Cx4671
Based on the revisions,…
Cx3848 is provided pursuant to S.C. Code Ann. §§ 37-3-404(2) & 37-10-102(a) and is a duplicate of the model “Attorney/Insurance Preference” form published by the South Carolina Department of Consumer Affairs on their website (https://www.consumer.sc.gov/Regulatory/programs/MortgageBroker/Pages/MortgageBrokerForms.aspx).
This form is divided into two sections,…
Due to occasional confusion, Field 29952 “Simultaneous Second?” is being changed to “Loan is a Simultaneous Second/Subordinate Lien”. The current field name can be misunderstood as a question about whether there is a simultaneous second lien associated with the transaction as a whole,…
If there is more than one particular state statutory notarial certificate example (as there is for the state of Maine), Docutech’s current practice is to use the notary acknowledgment example from that state’s Real Property section rather than the example from that state’s Notary Public section….
Docutech has changed the manner in which the “Joint Credit” signature lines are enabled for electronic signing on the top of page one of the Uniform Residential Loan Application, Fannie Mae Form 1003, Docutech form Cx4193. Previously, Docutech utilized data points from the document to determine when these signature lines should be enabled. …
There are two notarial certificates required on Maryland security instruments. The first certificate is a notary acknowledgment wherein the notary public certifies that the borrower personally appeared before said notary public. The second certificate is an Affidavit of Consideration and Disbursement,…
Form HUD-92800.5B is provided pursuant to 24 CFR § 203.5(a) and FHA Single Family Handbook 4000.1 Pt. II, A.1.a.i(E)(2), A.3.c, A.4.e.i(B), A.5.d.x(B)(2), A.6.a.iv, A.7.b.xx, & A.8.i. On page 1 of the form, there is a “Commitment Terms” are, with an entry area for “Mortgagee.” Traditionally,…
TRID 2.0 provides new guidance on how a principal reduction should be disclosed on the Closing Disclosure, which (primarily) includes the following:
“A principal reduction that occurs immediately or very soon after closing must be disclosed in the summaries of transactions table on the standard Closing Disclosure pursuant to § 1026.38(j)(1)(v) [Lines K.04 through K.07] or in the payoffs and payments table on the alternative Closing Disclosure pursuant to § 1026.38(t)(5)(vii)(B) [“K….
