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Compliance FAQs: Other

Here are Frequently Asked Questions (FAQs) that the DocMagic Compliance Department receives from our customers.

Is there is a list you could e-mail me of all of the states that require attorneys to process the closing packages for mortgage

The document preparation matrix that we prepared may be of assistance to you.  You can access it from here.

Can you please give me a list of all the Dry funded states?

Please check out our Wet/Dry Settlement matrix here.

On VA Loans is the User Funding Fee included in the calculation?

Yes, because the rate spread is based on APR and the funding fee is a finance charge, it will be included in the analysis.  We don’t believe there is any basis for excluding it in the NC law.