Compliance Docutech | Document Updates (44)

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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

TRID 2.0 Updates: Post-Consummation Construction Fees

Jun 27, 2018

“TRID 2.0” (82 FR 37656 [2017]) amends Regulation Z to require the total of post-consummation draw, inspection, and handling fees to be disclosed in ...

Topics: Document Updates

TRID 2.0 Document Updates: Loan Estimate (Cx18565) and Spanish Loan Estimate (Cx18990) – Closing Costs Expiration Changes

May 24, 2018

Under TRID 2.0, the “closing costs expiration” date and time on the LE is to be left blank on any revised LE, per the following Official Staff ...

Topics: Document Updates

System Doc Updates: Promissory Notes, Integrated Disclosures, and Land Trusts

May 24, 2018

Last December, FHLMC promulgated new requirements concerning “Land Trust Mortgages” (see ...

Topics: Document Updates

Document Updates: DC Lock-In Agreement (Cx10455)

May 21, 2018

Cx10455 is provided pursuant to the provisions of D.C. Mun. Regs. tit. 26-C, §§ 1117.4, 1117.5, & 1117.6. Under Ibid. § 1117.5(e), a lock-in ...

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.