Pacific Union Financial
The following Pacific Union Financial, LLC programs are now supported in ConformX:
- Conventional Fixed
- FHA Fixed
Click here to view the full list of investors supported in ConformX….
Compliance
09.14.11
Domestic Partnerships in Illinois, Nevada, and Oregon (Cx13441)
Illinois recently enacted the “Illinois Religious Freedom Protection and Civil Union Act” (2010 Ill. Legis. Serv. P.A. 96-1513), which extends to civil unions “the obligations, responsibilities, protections, and benefits afforded or recognized by the law of Illinois to spouses.”…
09.14.11
Revisions to the Oregon Float or Lock Agreement (Cx4297)
Oregon administrative law sets forth specific requirements concerning lock-in agreements, as follows:
“For residential mortgage transactions . . . a mortgage banker that does not fund a loan or mortgage broker that does not fund a loan must prepare and maintain the following:
(c) In the case of residential or single family loans,…
09.10.11
Getting a Handle on the Compliance and Paper Burden
Ask lenders what two issues they spend the most time dealing with, and the answer is often compliance and dealing with the large amounts of paper generated during the mortgage process.
Compliance regulations are constantly changing – and the burden of proving compliance is becoming greater,…
09.09.11
Update to Previous Post “A Change in North Carolina’s ‘Flipping’ Disclosure”
On August 1, 2011, DocuTech announced a change to the NC Refinance – Statement of Borrower Benefits disclosure, Cx2031. The previous announcement stated DocuTech would be using Cx12531 (Tangible Net Benefit Worksheet) in place of Cx2031 as Cx12531 provided more detailed information about the benefits the borrower will be receiving upon refinancing their loan….
09.08.11
Updates to the New Jersey Private Well Water Test Results Certification
The language in the New Jersey Private Well Water Test Results Certification of Receipt (Cx4441) will be modified to more properly reflect statutory requirements, as well as revised citations that accurately reference these requirements.
The current language of the form is as follows:
“Per the Private Well Testing Act,…
09.02.11
Rural Development Annual Fee and Decreased Upfront Fee Effective October 1, 2011
Per Administrative Notice (AN) 4551 (1980-D), an annual fee will be charged on all Rural Development loans obligated on or after October 1, 2011.
08.31.11
RP Funding Improves Productivity 30 Percent Using DocuTech’s ConformX
In a move to increase productivity and better support a paperless mortgage office, Orlando, Fla.-based R P Funding converted to DocuTech Corp.’s ConformX® for compliant mortgage documents. The lender selected DocuTech, a leading provider of compliance services and documentation technology for the mortgage industry, due to the full integration with their loan origination software (LOS) and ability to improve closing efficiency and speed by 30 percent.
08.30.11
Revisions to Certain Texas Disclosures
Texas Senate Bill 1124 (2011 Tex. Sess. Law Serv. Ch. 655), a behemoth act of state legislation of over 70 pages in length, “relating to licensing and regulation of certain persons involved in residential mortgage lending pursuant to the Texas Secure and Fair Enforcement for Mortgage Licensing Act of 2009,” will become effective law on September 1,…
08.29.11
Edits to Date Field on Louisiana Mortgages
The date that is currently generated in the execution section of some of the Louisiana Mortgages (cx327 Conventional, cx485 Second Lien, cx1356 HELOC, and cx15651 Louisiana Housing Second Lien) on or near the last page is pulling the “Closing Date” field,…