New York GAP Adjusted Rate Note - 30 Day Average SOFR
Document Title
New York GAP Adjusted Rate Note - 30 Day Average SOFR
Form Name
NY3441G.NOT
New NY CEMA SOFR Note (Date of Release to Production: 10/01/20)
New York Consolidated Interest-Only Period Fixed/Adjusted Rate Note - 30 Day Average SOFR
Document Title
New York Consolidated Interest-Only Period Fixed/Adjusted Rate Note - 30 Day Average SOFR
Form Name
NY3442CIO.NOT
New NY CEMA SOFR Note (Date of Release to Production: 10/01/20)
New York Consolidated Fixed/Adjusted Rate Note - 30 Day Average SOFR (Uniform Instrument)
Document Title
New York Consolidated Fixed/Adjusted Rate Note - 30 Day Average SOFR (Uniform Instrument)
Form Name
NY3442CU.NOT
New NY CEMA SOFR Note (Date of Release to Production: 10/01/20)
New York Consolidated Fixed/Adjusted Rate Note - 30 Day Average SOFR
Document Title
New York Consolidated Fixed/Adjusted Rate Note - 30 Day Average SOFR
Form Name
NY3442C.NOT
New NY CEMA SOFR Note (Date of Release to Production: 10/01/20)
New York Consolidated Adjusted Rate Note - 30 Day Average SOFR (Uniform Instrument)
Document Title
New York Consolidated Adjusted Rate Note - 30 Day Average SOFR (Uniform Instrument)
Form Name
NY3441CU.NOT
New NY CEMA SOFR Note (Date of Release to Production: 10/01/20)
New/Revised Documents - October 2020
In order to keep DocMagic software users better apprised of document changes and additions as they occur, DocMagic posts listings of all newly created and revised documents. Here is the list of forms created or modified in October, 2020.
To view all New/Revised Documents, click here
New York Consolidated Adjusted Rate Note - 30 Day Average SOFR
Document Title
New York Consolidated Adjusted Rate Note - 30 Day Average SOFR
Form Name
NY3441C.NOT
New NY CEMA SOFR Note (Date of Release to Production: 10/01/20)
DocMagic Adds New SOFR Interest Only Programs
DocMagic is adding new generic SOFR interest only loan programs which will use the 30-day Average SOFR index:
Update to New Mexico Pre-closing Packages
Beginning September 3, 2020, DocMagic will remove two forms previously provided in Pre-Closing package when the property state is New Mexico:
New Form Feature Available for Borrower Consent to the Use of Tax Return Information
***UPDATE***
Verbiage in optional paragraph has been updated as follows:
“I understand, acknowledge, and agree that the Lender and Other Loan Participants can obtain, use, and share personal tax return information, and, as applicable, business tax return information, from every business tax return for which my Lender has attained a form 4506.”