Added lender and borrower acknowledgments. (Date of Release to Production: 08/18/22)

Updated language in (1). (Date of Release to Production: 08/25/22)

Updated fields in table and "Refundability" section on page 1. (Date of Release to Production: 08/22/22)

New Indiana disclosure. (Date of Release to Production: 08/18/22)

Updated to match website version. (Date of Release to Production: 08/11/22)

Updated to match website version. (Date of Release to Production: 08/11/22)

Updated to most recent website version. (Date of Release to Production: 08/11/22)

DocMagic will be updating the FHA and VA notes and security instruments later this year.  As noted in several prior articles, Fannie Mae and Freddie Mac published new versions of their Uniform Instruments in July 2021, with a required use date as of January 1, 2023.  DocMagic plans to update our standard conventional documents to these new versions as of August 12, 2022. In addition to those changes, DocMagic will also be making updates to the notes and security instruments used for FHA and VA loan types. 

As a reminder, DocMagic delayed the release of the new conventional Uniform Instruments to August 12, 2022.  After this date, DocMagic will automatically return the new 07/2021 versions of the Fannie Mae and Freddie Mac Uniform Instruments which have a required use date of January 1, 2023.  No action is required from any of our clients, this change will happen automatically.  

The Veterans Affairs Administration published Circular 26-22-10 on June 23, 2022 announcing enhancements to accept the United States Space Force as a military branch of service for use in connection with the Veterans Certificate of Eligibility.   As a result, lenders should now use Space Force as the identified branch of military service in connection with requests for certificates of eligibility.