The PATRIOT Act Disclosure is provided pursuant to the provisions of 31 USCA § 5318 (West 2012) and 31 CFR § 1020.220(a)(5) (2012). Under the latter subsection of law, a notice is required to be provided to customers before they open an account,…
DocuTech has been providing Cx1002, 3467, and 3481 in either Initial or Closing Disclosure packages generically, due to the requirements of Utah Code Ann. §7-17-4, in which a notice is required to be given by a lender to the borrower(s) of a loan,…
Rural Development Form 1980-17 has been updated. The latest version of the form includes the RHS Borrower ID, and references the annual fee on page 2, item 3.
The update to the new version will take effect in ConformX on February 26,…
Cx999 is provided pursuant to the provisions of Cal. Civ. Code § 2954.6 (West 2012). Among other things, this section requires a lender or broker to notify the borrower of whether the borrower has the right to cancel either private mortgage insurance or mortgage guaranty insurance. …
The Rhode Island Home Loan Protection Act Disclosure Tangible Net Benefit form has been modified. The logic that triggers the “RECEIPT OF CASH IN EXCESS OF THE COSTS AND FEES” checkbox to be marked has been refined to look at both the HUD-1A and HUD-1 Cash to Borrower amounts when applicable,…
Rural Development Form 1980-21 has been updated. The new version of the form (Rev. 02-13) recently posted at http://forms.sc.egov.usda.gov/efcommon/eFileServices/eForms/RD1980-21.PDF has the following Debt Collection Improvement Act (DCIA) statement removed from page 2:
“I (we) certify and acknowledge that if the Agency pays a loss claim on the requested loan to the lender,…
Last month marked the one-year anniversary of the designated transfer date of authority to the Consumer Financial Protection Bureau (CFPB) that took place on Jan. 21, 2012, when President Barack Obama appointed Richard Cordray as director of the CFPB in a controversial recess appointment….
Who: Avon, Conn.-based Norcom Mortgage
What: Norcom turns manual, time-consuming disclosure process into an easily tracked system that frees the lender up to quickly respond to incoming volume and customers, thereby improving borrower satisfaction….
PrimeLending Works Closely with DocuTech to Ensure Disclosure Compliance
– Collaboration results in sFTP service –
Who: PrimeLending, a PlainsCapital Company, Dallas
Ken Mezger, Process Improvement Manager
When: Implemented ConformX in 2010
What: PrimeLending converted to DocuTech’s ConformX,…
Following the invalidation of three presidential “recess” appointments to the NLRB by the D.C. Circuit Court of Appeals in Noel Canning v….
