Compliance Docutech (45)

Stay ahead with trusted industry insights and compliance updates.

New Document: 1008 Uniform Underwriting and Transmittal Summary – 12/2018 (Cx22822)

Mar 8, 2019

As previously announced, FNMA has published a new version of their “Uniform Underwriting and Transmittal Summary” (FNMA Form 1008), which they will ...

Topics: Document Updates

Compliance News: Updated FNMA Form 1008

Dec 5, 2018

Yesterday, FNMA SEL-2018-09 announced the following:

Topics: In the News, Compliance News Alert

New Document: Notice to Borrowers about Language (Cx22719)

Oct 25, 2018

As previously announced, the Federal Housing Finance Agency (FHFA) has published a new “Language Translation Disclosure” which discloses helpful ...

Topics: Document Updates

Compliance News: FHFA Launches Language Translation Disclosure

Oct 15, 2018

Back in May of this year, the Federal Housing Finance Agency (FHFA) published their “Language Access Multi-Year Plan” for providing support to ...

Topics: In the News, Compliance News Alert

TRID 2.0 Updates: Closing Disclosure (Cx18566) and Spanish Closing Disclosure (Cx18991) – Principal Reduction Verbiage

Aug 22, 2018

TRID 2.0 provides new guidance on how a principal reduction should be disclosed on the Closing Disclosure, which (primarily) includes the following:

Topics: Document Updates

DI Check Update: Warnings and Errors for Second Lien Loans Exempt from TRID

Aug 20, 2018

One of the amendments to the TILA-RESPA Integrated Disclosure Rule (TRID 2.0) allows creditors to exclude recording fees and transfer taxes when ...

Topics: Document Updates

Global Mapping Updates: Field “Integrated Disclosure Loan Indicator” and Second Liens Exempt from TRID

Aug 20, 2018

One of the amendments to the TILA-RESPA Integrated Disclosure Rule (TRID 2.0) allows creditors to exclude recording fees and transfer taxes when ...

Topics: Document Updates

TRID 2.0 Updates: Closing Disclosure (Cx18566) and Spanish Closing Disclosure (Cx18991) Changing Prepaid Interest From 0 to 0.00.

Aug 13, 2018

Under TRID 1.0, if no prepaid interest existed in a transaction, then “$0” was required to be disclosed Line F.03 of the Closing Disclosure, per the ...

Topics: Document Updates

TRID 2.0 Updates: Prepaid Interest, Payoffs and Payments, and Monthly Escrow Payment Changes

Jun 27, 2018

We will be making the following changes pursuant to “TRID 2.0” (82 FR 37656 [2017]):

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.