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January 2022 Edition

 
 
 

GSE Implementation of Desktop Appraisals

Fannie Mae and Freddie Mac (the “GSEs”) recently released additional information regarding the implementation of desktop appraisals for specific types of loan transactioLearn More

 
 
 
 

Compliance Term of the Month

Desktop Appraisal

A property valuation completed by an appraiser using tax records and public information without a physical inspection of a property.

 
 

Form Updates

Illinois Manufactured Home Chattel Loan Disclosure

Illinois recently passed SB 1779, which adds an amendment to the Illinois Consumer Fraud and Deceptive Business Practices Act (the “Act”).  The amendment adds new sRead More

 

Complimentary

VA Updates Counseling Checklist for Military Homebuyers

On January 6, 2022, the Department of Veterans Affairs (“VA”) published CircularRead More

 

Complimentary

New York Alternative Payment Schedule Notice

New York recently passed new legislation to add Section 129-a to New YorRead More

 

Complimentary

New/Revised Documents - January 2022

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

 

Complimentary

 

Upcoming Event

The Current State of eClosings: A Q&A with DocMagic's Compliance Chief

The mortgage industry is undergoing unprecedented change, and lenders are weighing the move to eClosings-because in the current environment, it's no longer a question of if, b

 
 
 

System Updates

 
month_year

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