Update to Servicing Transfer Rule to allow DSI
Update to the rule used to identify when a servicing transfer notice will be required to not trigger when plan includes an investor code of "DSI", aka DocMagic standard plan.
Update to the rule used to identify when a servicing transfer notice will be required to not trigger when plan includes an investor code of "DSI", aka DocMagic standard plan.
Update to existing audit that checks for the QM Exempt Type being blank when an exempt value is provided to allow for provision of new QM types, 'NotApplicable' or 'NotAQualifiedMortgage'.
Adding a new audit to prevent users from providing escrow items as charges.
Publishing new eNotes for state versions of Freddie Mac Standardized Subordinate-lien documents, form 3297. Includes new state versions for NH, VT, WV. (NH3297.NOT; NH3297Y.NOT; VT3297.NOT; NH3297Y.NOT; WV3297.NOT; WV3297Y.NOT)
Addition of an audit that checks to ensure the lender credit will cover at least the amount of any provided tolerance cure.
Update to the programming of the Texas Conditional Pre-Qualification Letter (TXCQL.MSC) to print the Lender name instead of the Loan originator under the “Mortgage Company” section.
Update to certain forms to include a signature for a cosigner: South Carolina Application Notice (SCAN.MSC), Tennessee Lock-in Agreement (TNLIA.MSC), West Virginia Closing Disclosure (WVCD.MSC), West Virginia Collateral Protection Insurance Disclosure (WVCPID.MSC), Utah Oral Agreements Notice (UTOAN.MSC).
215 ILCS 5/1412; 815 ILCS 505/2T
Update electronic signatures on form to include an officer of an entity.
Update rule to identify non-trust entity borrowers to include a search for Limited Partnership nomenclature, e.g., LP, L.L.P.
Nevada Commercially Reasonable Means Worksheet (NVCRMMW.MSC) so that when the "Other" box is marked the text box will be required to fill in.
Freddie Mac Standardized Subordinate-lien Documents