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January 2022 Edition


CFPB Issues Final LIBOR Transition Rule

Continuing their efforts to support the financial industry’s move away from LIBOR, the Consumer Financial Protection Bureau (“CFPB”) published a final rule that modifies Regulation Z.  Learn More


Compliance Term of the Month

IVES Participant

A participant of the IRS's Income Verification Express Service program that allows a third-party, such as a mortgage lender, to confirm the income of a borrower reported to the IRS.


Form Updates

IRS Extension for IVES Automation

The Internal Revenue Service (“IRS”) has announced an extension of the deadline to submit a form 4506-C form that conforms with the requirements for new Optical Character Recognition ("OCR") software.  Read More



New York Legislates New Remote Notarization Rules

The New York legislature recently passed, and the governor approved, a new law that authorizes use of remote notarization technology in the state.   Read More



Vermont Announces Declared Rate for 2022

Under Vt. Stat. Ann. tit 32, § 3108 (establishment of interest rates), the Vermont Commissioner of Taxes is required to set interest rates no later than December 15th of each year with rates that become effective on January 1st...Read More



New/Revised Documents - December 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

Total eClose with AutoPrep Enhancement

See how Total eClose™ with AutoPrep enhancement, a comprehensive eClosing solution, allows borrowers to review, sign, and have documents notarized in an efficient, end-to-end eClosing workflow.


System Updates