Ty Jenkins, founder and chief executive officer of DocuTech, and Glenn Stearns, chairman of Stearns Corp. and chief executive officer of a portfolio of financial services companies, including Stearns Lending, Stearns Wholesale,…
In a move to bring more environmentally sustainable practices to the mortgage industry, DocuTech, has implemented a virtual support center in Southern California….
Mortgage Banking Industry Leadership Roundtable with Governor Mitt Romney
Hosted by Ty Jenkins, Glenn Stearns
IDAHO FALLS, IDAHO, Oct. 5, 2012 – Ty Jenkins, founder and chief executive officer of DocuTech Corp. (DocuTech), a leading provider of mortgage compliance documents,…
In order to make DocuTech’s versions of the Right to Rescission Forms more closely resemble the model Right to Rescission forms set forth in 12 CFR Pt. 1026, App. H, the first sentence in the second paragraph of the “How to Cancel” section will be changed
This change will be made to both the generic versions of Cx8204,…
The Connecticut Private Mortgage Insurance disclosure has been updated to more accurately reflect the current text of the Homeowner’s Protection Act (12 USCA §§ 4901 et seq.) The new disclosure includes an updated definition of “original value” and “good payment history” and a more accurate description of loan conditions for cancellation of PMI….
The Certification and Authorization document, in which the borrower authorizes various entities to collect personal information about the borrower, is being significantly revised to better conform with various Federal and state laws. These changes are as follows:
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DocuTech’s “MA Borrower’s Interest Worksheet” is given pursuant to Mass. Gen. Laws Ann. ch. 183, §28C and Mass. Regs. Code tit. 209, §§53.03, 53.04, & 53.07, which require lenders to determine whether a home loan is in the interest of their borrowers….
Cx3847 is provided in Initial Disclosure packages for loans secured by property in Rhode Island, pursuant to the provisions of R.I. Gen. Laws §§19-9-5 & 19-9-6. The following changes are being made to this document in order to make it more streamlined and easier to understand:
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The Consumer Financial Protection Bureau (CFPB) is in the process of implementing new regulations and new or revised disclosures to implement certain amendments to the Truth-in-Lending Act (82 Stat….
The latest draft of the Consumer Financial Protection Bureau’s origination disclosure reform rule is initially drawing mixed reviews, with some agreement that the further simplification it suggests could be helpful, but also some concern it adds to what are already heavy regulatory burdens and costs….
