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02.08.23

Document Updates: CA Notice to Cosigner (Cx886)

We have revised the CA Notice to Cosigner (Cx886) to be to more closely aligned with the model form published on the Department of Financial Protection and Innovation (DFPI) website. The document now discloses the notice in English,…

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02.02.23

Document Updates: Update to For Your Protection Get a Home Inspection (Cx2283)

Pursuant to our monthly audit of Federal agency forms, we will be updating Cx2283, For Your Protection Get a Home Inspection, to match the recent updates posted on the HUD website. The major change was updating the expiration date from 6/30/2021 to 7/31/2025….

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02.02.23

Document Updates: Update to USDA-RD Origination Stacking Order Checklist (Cx19212)

Pursuant to our monthly audit of federal agency forms, we will be updating Cx19212, USDA-RD Origination Stacking Order Checklist, to match the updated form on the USDA-RD website.  The changes include:

    • Updating the Lender Instructions section to match the wording on the new model form
    • Removing the “Evidence of qualified alien” section on page 1
    • Changing the revised date from 05/09/22 SPECIAL PN to 1/9/23 PN 573
    • Moving the header to the left side of the page for page 2
    • Updating the income verification documentation section to remove the option Streamlined: Non self-employed and replace it with Alternative Documentation: Non self-employed
    • Adding the words “and adjusted annual” to documentation required under the “Underwriting Analysis: FNMA 1008/FHLMC 1007,
  • …

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01.31.23

Document Updates: Postponement of changes to VA Forms 26-1820 (Cx52), 26-1820a (Cx20336), 26-0503 (Cx55) & 26-6393 (Cx5533)

The VA posted Circular 26-23-3 (Change 1) and Circular 26-23-4 (Change 1) today listing “PURPOSE:” postponing the effective date of these Circulars from February 1, 2023 to April 1, 2023.

The changes announced in Document Updates to VA Forms 26-1820 (Cx52),…

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01.27.23

Document Update: HELOC Deed of Trust – NV (Cx3039)

Cx3039 NV Deed of Trust HELOC has been updated to improve functionality of the document. Previously, names for the paragraph starting with “LOAN: The Deed of Trust…” were pulled from Field 2226 Borrower Vesting, which pulls names from the security instrument….

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01.25.23

Document Updates: Updates to VA Forms 26-1820 (Cx52), 26-1820a (Cx20336), 26-0503 (Cx55) & 26-6393 (Cx5533)

On January 17, 2023, the VA published Circular 26-23-3 and Circular 26-23-4 regarding revisions to VA Form 26-1820 “Report and Certification of Loan Disbursement”, the discontinuation of VA Form 26-1802a “HUD/VA Addendum to the Uniform Residential Loan Application” and VA Form 26-0503 “Federal Collection Policy Notice”,…

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01.23.23

Compliance News: FHA Publishes Updated Instructions for Single Family Mortgage Model Documents for 2021 (Effective 2023) GSE Security Instruments and Notes

On January 20, 2023, the U.S. Department of Housing and Urban Development (HUD) published Mortgagee Letter 2023-01 regarding the Federal Housing Administration’s (FHA) modifications for the 2021 (Effective 2023) Government Sponsored Enterprises’ (GSE) security instruments and notes. These modifications are not required but may be implemented immediately….

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01.19.23

Compliance News: Updates to VA Forms 26-1820 (Cx52), 26-1820a (Cx20336) & 26-6393 (Cx5533)

On January 17, 2023, the VA published Circular 26-23-3 and Circular 26-23-4 regarding revisions to VA Form 26-1820 “Report and Certification of Loan Disbursement”, the discontinuation of VA Form 26-1802a “HUD/VA Addendum to the Uniform Residential Loan Application”,…

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01.10.23

Document Updates: VA Form 26-1817, Request for Determination of Loan Guaranty Eligibility – Unmarried Surviving Spouses (Cx14056)

We have updated Cx14056, VA Form 26-1817, Request for Determination of Loan Guaranty Eligibility – Unmarried Surviving Spouses.

The changes were made to conform to the most recent model document published by the VA.  Although the dates on the form have not changed,…

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01.04.23

Document Update: What You Should Know About Home Equity Lines of Credit (Cx9925)

The Consumer Financial Protection Bureau has published a notice announcing they have updated their brochure entitled What You Should Know About Home Equity Lines of Credit. We have updated our Cx9925 to match their updated brochure,…

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