FNMA 1003 Formatting Update
Formatting and functionality of the FNMA Form 1003 Uniform Residential Loan Application (cx4193) has been updated.
Document Updates
06.24.11
FHA Informed Consumer Choice Disclosure Notice Update
The ConformX FHA Informed Consumer Choice Disclosure Notice, Cx41, has been edited to add the following sentence to the footer: “*For case numbers assigned on or after April 18, 2011, 15-year mortgages require a downpayment in excess of 22 percent in order to avoid making monthly mortgage insurance premiums.”
06.17.11
Late Fee Restriction Updates for Alabama and Montana
Recent changes to two state laws have prompted us to change the late fee restrictions that apply to these states.
Alabama H.B. 3 amends the late fee restrictions set forth in Ala. Code §5-19-4(a) for consumer credit transactions….
05.10.11
“RESPA” Added to All UT Recordable Documents
Per Utah 2011 House Bill 259, the word “RESPA” must print in a minimum of 16 point font on the first page of all Utah recordable documents for transactions that are subject to RESPA. This allows the county recorder to know which fee should be charged to record the document….
04.29.11
Initial Disclosure Update for Utah and Illinois
As part of DocuTech’s routine review and maintenance of state law mortgage document requirements, two new standard state Initial Disclosures will print effective 4/29/11.
UT Loan Notice cx15693
Informs borrowers that their mortgage or the servicing of their mortgage many be sold or assigned,…