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October 2022 Edition

 
 
 

Déjà vu: CFPB Structure Again Found Unconstitutional

Once again, a federal court has found the CFPB’s structure to be unconstitutional.  The Fifth Circuit U.S. Court of Appeals found the funding mechanism, whereby the CFPB is funded from appropriations from the Federal Reserve, violates the U.S. Constitution's required separation of powers. Learn More

 
 
 
 

Compliance Term of the Month

eVault

A software application used for securing, storing, and managing digital assets such as an eNote, eMortgage, or other mortgage loan documents.

 
 

Form Updates

Updates to FHA and VA Notes and Security Instruments

As noted in previous articles, Fannie Mae and Freddie Mac published new versions of their Uniform Instruments in July 2021, with a required use date as of January 1, 2023.  DocMagic moved to the new versions of standard conventional documents... Read More

 

Complimentary

IRS Publishes New Form 4506-C and Delays Required Use Date

On October 31, 2022, the Internal Revenue Service (“IRS”) published a new version of Form 4506-C.  Form 4506-C allows cleared and vetted Income Verification Express Service participants to request tax return information... Read More

 

Complimentary

New/Revised Documents - October 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

Not All eClosing Platforms are the Same!

See DocMagic's Total eClose!

 
 
 

System Updates

 
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SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.