Updated to 6/19 version.  (Date of Release to Production: 07/03/19)

New LIBOR Disclosure. (Date of Release to Production: 06/24/19)

DocMagic is adding Illinois Rate and Points Lock/Float Agreement to Rate Lock Packages (Date of Release to Production: 06/27/19)

Update to disclose the cancellation and termination dates according to the Homeowners Protection Act for loans which charge a Single Premium for mortgage insurance at closing and do not charge monthly mortgage insurance. 

On June 12, 2019, Fannie Mae and Freddie Mac (GSEs) announced, at the direction of the Federal Housing Finance Agency

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 June, 2019.

To view all New/Revised Documents, click here.

Updated to most recent website version. (Date of Release to Production: 05/30/19)

Updated to most recent website version. (Date of Release to Production: 05/30/19)

DocMagic currently includes the Borrower Certification and Authorization (Form ID: TDC.LSR) in all FHA initial and closing document packages.  That form allows the lender to obtain personal information from the borrower and other sources to verify their application and to use that information in the lending process.   Based on feedback from HUD, DocMagic will be adding a new disclosure to all FHA transactions on June 3, 2019, that specifically allows use of information protected under the Privacy Act of 1974, using that specific language.  The Borrower Authorization for

New Multistate Simple Interest Note.  (Date of Release to Production: 05/30/19)