While a justifiable amount of attention is being paid by the mortgage industry to the new Loan Estimate and Closing Disclosure proposed under the Consumer Financial Protection Bureau’s (CFPB) mammoth dual set of proposed regulations,…
Per a review of DocuTech’s multistate Inter Vivos Revocable Trust Rider, signature lines for each settlor of an inter vivos revocable trust will be added to Cx1482.
The acknowledgment before the signature lines will state the following:
“BY SIGNING BELOW,…
Item “7B. MAIL CERTIFICATE OF ELIGIBILITY TO:” on the Request for Certificate of Eligibility (Veterans Affairs Form 26-1880, Cx3957) is only to be filled in if the certificate is to be mailed to an address different from the one listed in item “7A….
N.Y. Comp. R. & Regs. tit. 3, §38.12 requires a mortgage broker (or a mortgage banker or an exempt entity which is acting as a mortgage broker) who is acting as a real estate broker in the same loan transaction,…
On February 16, 2012, the Federal Housing Administration (FHA) published the final rule, “Suspension of Section 238(c) Single-Family Mortgage Insurance in Military Impacted Areas,” in the Federal Register (FR 2012-3667 www.gpo.gov/fdsys/pkg/FR-2012-02-16/pdf/2012-3667.pdf). The Section 238(c) program was suspended effective March 19,…
Who: PrimeLending, a PlainsCapital Company, Dallas
Ken Mezger, Process Improvement Manager
When: Implemented ConformX in 2010
What: PrimeLending converted to DocuTech’s ConformX, a Web-based solution that transforms an Internet connection into a 24 hour closing document provider in 2010 as part of an LOS conversion to Dorado’s ChannelMaster….
Pursuant to DocuTech’s annual state-specific disclosure audit, the following changes will be made to various Ohio-specific disclosures:
1. OH Homebuyers’ Protection Act (Cx11195). This disclosure is required by Ohio Rev. Code Ann. §1345.05(A)(4) & (G) and Ohio Admin Code §109:4-3-29 and must be given to consumers when they apply for a mortgage loan….
The Texas Department of Savings and Mortgage Lending (“SML”) published various revisions to Chapters 80 and 81, Title 7 of Texas’ administrative code in the Texas Register (see 37 Tex. Reg 3291 and 4866), which revisions affected the content and requirements of several disclosures….
The Good Faith Estimate in ConformX will be modified to print on letter sized paper. The GFE is currently designed to print on legal sized paper. If it is printed on letter sized paper, the font size of the GFE contents is made smaller in order for the contents to fit the smaller sized paper….
The standard ConformX Assignments of Deed of Trust and Assignments of Mortgage are being updated. Language is being removed from these documents to clarify that the note is not being assigned with the assignment and must be negotiated separately. Text similar to the following will be removed from both the standard MERS and non-MERS Assignments:
“…together with the note(s) and obligations therein described,…
