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December 2020 Edition


HUD Proposes Rule to Allow Use of Private Flood Insurance Policies with FHA Loans

The U.S. Department of Housing and Urban Development (HUD) recently announced a proposed rule to allow the option for private flood insurance on Federal Housing Administration (FHA) insured properties... Learn More


Compliance Term of the Month

Remote Ink-Signed Notarization (RIN)

Notarization conducted remotely through use of audio/visual communication with an ink (wet) signature and paper documents that are returned to the notary (via fax, electronically, or mail) to complete and place his/her seal.


Form Updates

DocMagic Adds New SOFR Homestyle Revocation Loan Programs

DocMagic is adding new generic SOFR Homestyle Renovation loan programs which will use the 30-Day Average SOFR index... Read More



Updated Spanish Translation Aids for Redesigned URLA

As previously announced, Fannie Mae and Freddie Mac (the "GSEs") jointly published sample Spanish translation aids for each component of the redesigned Uniform Residential Loan Application... Read More



Update to Florida Homestead Signature Requirements for Trust Loans

DocMagic is making an update to the signature lines used for trustees on the security instrument and related documents for loans made to a revocable trust on property otherwise identified as homestead property in Florida. Read More



New/Revised Documents - November 2020

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

Hindsight Is 2020 - A Focus on eMortgage Technology and How it Was Tested

A lookback at how the most unprecedented times in modern history pushed eMortgage technologies to the forefront of the mortgage industry and how they not only survived but thrived.



System Updates