Stay ahead with trusted industry insights and compliance updates.
Document Updates: Illinois Escrow Documents (IL Mortgage Escrow Account Act Applicability (Cx14127), IL Pledged Time Deposit Account Disclosure (Cx14180), and IL Mortgage Escrow Account Act (Cx16095))
Jul 26, 2024
We are updating the default print configurations for several Illinois escrow documents to have them only print for single unit properties.
Topics: Document Updates
Document Updates: Wisconsin Explanation of Personal Obligation (Cx16043)
Jul 26, 2024
We have made updates to Cx16043 Wisconsin Explanation of Personal Obligation. This document is provided pursuant to Wis. Rev. Stat. 422.305(1) and is ...
Topics: Document Updates
Document Update: NY HELOC Agreement (Cx21652)
Jul 26, 2024
NY Banking Law §590-a(2) contains provisions that require junior lien contracts, notes or instruments to include certain types of provisions. On ...
Topics: Document Updates
Document Update – Tax Information Authorization Form (Cx801)
Jul 26, 2024
We have made updates to our Cx801 Tax Information Authorization form. This form is a duplicate of IRS Form 8821. This document is an upon request ...
Topics: Document Updates
Document Updates: New Notice of Right to Request a Reconsideration of Value (ROV) (Cx27674)
Jul 17, 2024
As previously announced, the Federal Housing Finance Agency released an announcement on May 1, 2024 regarding Enterprise Reconsideration of Value ...
Topics: Document Updates
Document Updates: Proration Item Types on the Closing Disclosure
Jul 12, 2024
The Summaries of Transactions on the Closing Disclosure contains both “Adjustments for Items Paid by Seller in Advance” (in Sections K and M) and ...
Topics: Document Updates
Document Update: Addition of “Important Terms of Our HELOC” Language to Cx19978 – GA Acknowledgment of Receipt
Jul 12, 2024
According to Ga. Comp. R. & Regs. 80-11-1-.01(3) & (6), all disclosures required by federal law for Home Equity Lines of Credit (HELOCs) must ...
Topics: Document Updates
Late Fee Matrix Updates: Oklahoma, South Carolina & Minnesota
Jul 9, 2024
Three states updated their late fee requirements on July 1st. As a result, the following adjustments have been made to the Late Fee Matrix and the ...
Topics: Document Updates
Update to Colorado Net Tangible Benefit Disclosure (Cx12873)
Jul 9, 2024
In order to improve the process of completing Cx12873 (Colorado Net Tangible Benefit Disclosure) we have updated the logic connected to the ...
Topics: Document Updates
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.
Subscribe and get the latest information on the state of the digital mortgage and eClosing evolution, regulatory compliance, industry trends, upcoming events, and more.