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November 2021 Edition


CFPB Annual Threshold Adjustments for Regulation Z


The Consumer Financial Protection Bureau (“CFPB”) is required to calculate annually the dollar amounts for several provisions in Regulation Z. The CFPB recently issued a final rule amending the dollar amount thresholds...Learn More


Compliance Term of the Month

Illinois Land Trust

A specific type of trust where title ownership for a property is transferred to a land trust and administered by an institutional trustee. The beneficiary (borrower) has the benefits of ownership by living in and enjoying the property, while maintaining anonymity in the land title records. 


Form Updates

USDA Announcement – Conditional Commitment Notice for FY 2022

The U.S. Department of Agriculture ("USDA") announced on October 14, 2021 that funding for the Rural Development's Single Family Guaranteed Loan Program is now available for Fiscal Year 2022.   Read More



IRS Updates for IVES Automation

The Internal Revenue Service (“IRS”) has begun the process of updating the Income Verification Express Service (“IVES”) to a more modern system.   Read More



GSEs Provide Supplemental Consumer Information Form

Fannie Mae and Freddie Mac (the GSEs") recently published a new Supplemental Consumer Information Form (Form 1103).   Read More



New/Revised Documents - October 2021

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. Read More




Upcoming Event

Not All eClosing Platforms are the Same!

DocMagic's single-source platform has everything you need for a 100% paperless eMortgage.


System Updates