Our Fixed Rate Note Alabama Second, Cx1033, contains a notice near the bottom of the document that reads:
CAUTION — IT IS IMPORTANT THAT YOU THOROUGHLY READ THE CONTRACT BEFORE YOU SIGN IT.
This notice is provided per Ala….
According to DC Municipal Regs. Tit. 9 § 335, an application for exemption from real property tax is to be made at the time a deed that transfers real property is presented for recordation. The DC Office of Tax and Revenue publishes a model form….
After review of Cx1046, the IL Second Fixed Rate Note, we are updating the title to include “THIS NOTE IS SECURED BY A JUNIOR MORTGAGE” to be placed under the word “NOTE” pursuant to 815 ILCS 5/3 (K).
The changes are available on Stage servers for testing and will take effect on November 21,…
We have adjusted the Nebraska notary acknowledgment for remote online notary (RON) and in-person electronic notary (IPEN) transactions. The Nebraska RON/IPEN regulations state the following:
“For an online notarial act, each principal’s signature presented for notarization and attestation in the form of an acknowledgment is to be individually affixed to the electronic document by the principal and should be acknowledged separately by the principal…” [Neb….
Our 203(k) Applicant Acknowledgment, Cx15487, contains a paragraph where the applicant can direct how contingency funds they have provided will be refunded. They choose whether the funds will be refunded directly to the person who established the funds, or they may elect to have the funds applied towards the outstanding principal balance of the loan….
According to MD Code, Real Property §4-106(a), mortgages or deeds of trust are required to have an oath or affirmation of the mortgagee that the consideration recited in the mortgage or deed of trust is true and bona fide as set forth….
Previously three documents would only consider printing Section F fees if all previous Section F fees had either a fee description or an amount populated. The following documents have been updated to ensure the first five fee lines of Section F are always considered for printing,…
After an audit of Cx8809, it was decided to: 1) update the document name from “NM Borrower’s Attorney Preference” to “NM Notice of Right to Select Attorney”, and 2) revamp the entire document to better aid our clients in identifying when the definition of “points and fees” applies….
It has come to our attention that some county recorder offices in California are requiring additional titles on Deeds of Trust per Cal. Gov. Code § 27324.
Consequently, we have created four new fields which can print all capitalized,…
Cx15312 is a duplicate of the Model A-3/H-3 Form provided by the Federal Trade Commission, Federal Reserve Board, and Consumer Financial Protection Bureau pursuant to the provisions of 15 USCA § 1681m(h) and 12 CFR §§ 222.74(d)(1), 1022.74(d)(1), and 16 CFR § 640.5(d)(1)….
On May 11, 2023, Governor Kim Reynolds approved Iowa House File 609 which relates to specified loans provided by mortgage bankers. Iowa House File 609 became effective July 1, 2023.
I.C.A. § 535.8(5) requires a disclosure for a “payment reduction fee” which is also commonly known as loan discount points or fees….
According to FHA Single Family Handbook II.A.1.a.i.(E)(1)(a)(i), if the Borrower does not receive form HUD-92800.5B before signing the sales contract, the sales contract must be amended before closing to include an amendatory clause. Our Cx38 Amendatory Clause/Real Estate Certification reflects the required language. …
After a review of Cx7700, the UCC-1 Financing Statement, we are updating the form. This document prints for our Cooperative loans. Each state has their own model form but most follow the IACA (International Association of Corporation Administrators) published form. …
ConformX has the following global Data Integrity Error:
This loan is a Higher Priced Mortgage Loan under Regulation Z. Federal law requires the establishment of an escrow account for the payment of property taxes and/or insurance. For loans with an application date before 6/1/13 the escrow account must be maintained for at least one year,…
Due to the way Borrower names are generated on select documents like the Loan Estimate (Cx18565) and Closing Disclosure (Cx18566), there was a rare occurrence for loans with over four Non-Purchasing Entities (NPEs) where Borrower names could be missing. New fields populated by software have been created and added to the LE and CD for all loans to ensure that all names print,…
In order to have consistency throughout documents, we have made the following update to SC Broker Fee Agreement Cx3525:
Previously,…
Several Docutech forms contain a jurat where a signer swears and affirms the truthfulness of the content of a document in the presence of a notary. We have recently started an audit of our jurats that print on our documents and have started making some updates. …
We are making some adjustments to broaden the scope of section 18 “Remarks” sections on Cx26687 VA Request for Certificate of Eligibility. The instructions at the bottom of the form do not have any instructions relating to section 18. The only express instructions on the form are found in Section III for previous VA loans where the form states “IF additional space is needed for all home use Item 18,…
We have updated our Notice of Servicing Transfer – Illinois (Cx17905) to remove the disclosure of the primary regulator of the lender. This language is no longer required under Ill. Admin. Code tit. 38 § 1050.820(c).
These changes are available for testing and will take effect on October 3,…
We have updated Cx6179 TX Home Equity Second Deed of Trust to support MERS functionality.
The applicable MERS language will print on Cx6179 when:
MERS (18100) = YES
These changes are available for testing and will take effect on September 20,…
