Stay ahead with trusted industry insights and compliance updates.
Document Updates: Update to the Print Configurations for the NY Balloon Payment Disclosure (Cx4168)
Mar 22, 2023
Our NY Balloon Payment Disclosure (Cx4168) is provided for certain loans with balloon payments in New York. 3 NYCCR § 80.4 requires a balloon ...
Topics: Document Updates
Document Updates: ME Notification To Buyer(s) of Withholding Tax Requirement (Cx1570)
Mar 15, 2023
Cx1570 is provided pursuant to Me. Rev. Stat. Ann. tit. 36, § 5250-A(2). The law states:
Topics: Document Updates
Global Data Integrity Checks: Revised FHA UFMIP and Annual MIP Rate Checks
Mar 9, 2023
As announced previously, the FHA Annual Mortgage Insurance Premium (MIP) rates were lowered for most mortgages by 0.30% as outlined in ML 2023-05. ...
Topics: Document Updates
Document Update: Fannie Mae Makes Witness Lines Optional in 07/2021 Texas Home Equity Security Instrument Form 3044.1 (Cx25323)
Mar 9, 2023
Fannie Mae recently updated the Instructions to Form 3044.1 – 07/2021 Texas Home Equity Security Instrument (Our Cx25323) by adding Paragraph 9 which ...
Topics: Document Updates
Document Update: Fannie Mae Removes Consideration Amount and Property Value Information in 07/2021 Virginia Security Instrument Form 3047 (Cx25326)
Feb 28, 2023
On February 1, 2023, Fannie Mae announced that the Model Form for the Virginia Deed of Trust (Form 3047) has been revised to remove the consideration ...
Topics: Document Updates
Document Updates: Updates to VA Forms 26-1820 (Cx52), 26-1820a (Cx20336), 26-0503 (Cx55), and 26-6393 (Cx5533)
Feb 24, 2023
On January 17, 2023, the VA published VA Circular 26-23-3 and VA Circular 26-23-4 regarding revisions to VA Form 26-1820 “Report and Certification of ...
Topics: Document Updates
Global Mapping: Print Supplemental Consumer Information Form (SCIF)
Feb 22, 2023
Fannie Mae and Freddie Mac (the Government Sponsored Enterprises [GSEs]) sent out a reminder that lenders are required to use the updated ...
Topics: Document Updates
Document Updates: Updates to Washington Construction Documents (Cx16579 and Cx20791)
Feb 22, 2023
Wash. Rev. Code Ann. § 60.04.255(1) requires property lenders to provide informational material described in Wash. Rev. Code Ann. § 60.04.250 to any ...
Topics: Document Updates
Global Mapping: Print IRS Form 4506-C Clean Version Indicator
Feb 22, 2023
The IRS sent out Form 4506-C 10/2022 Version Reminder which states “Effective March 1, 2023, prior versions will only be accepted if signed and dated ...
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.