Update to the USDA Upfront and Annual fee audits to reflect the 2025 amounts of Upfront 1% and Annual of 0.35%. This will apply to both purchase and refinance transactions for the USDA year of 2025.
Update to the programming of the Uniform Residential Loan Application-Lender Loan Information (URLALLI.MSC) to fill out the "Manner in which Title is held" correctly when selecting "Joint Tenants with Right of Survivorship".
Update to the TX Home Equity plans (DSI_TX36S, DSI_TX56S, DSI_TX76S, DSI_TX106S) to turn on audit for A6 fee limits.
Update to the programming of the VA Cash Out Refinance Disclosure (VAGHLCOF.MSC) to remove HELOC from the calculation on sections: "Payoffs Disbursed, Excluding Mortgages, on Behalf of Borrower(s):" and also the “Home Equity Remaining”
Update to the Uniform Residential Loan Application (URLA.MSC) to create Form.Data option to use Credit Applicant Party Name for the borrower. This will enable there to be a different name on the application vs the rest of the documents matching vesting.
Iowa Notice to Consumer Threshold for 2025 – Update programing on Iowa State Specific Fixed Lien Second Note to trigger the Iowa Notice to Consumer. Effective January 1, 2025, the threshold will be increased to $71,900.Current programming should print when loan amount is LESS THAN threshold amount.
Update to the TX 2% Fee Audit currently totals the prepaids in the calculation, and then excludes certain tax and insurance charges. The rule is being updated to exclude all HOA Assessment amounts, and property taxes, (both escrowed and prepaid).
HPML (High Priced Mortgage Loan) Year End Threshold Update - Effective January 1, 2025, Update form Disclosure of Right to Receive a Copy of the Appraisals (DRRCA.MSC) exemption threshold rule increasing from $32,400 (2024) to $33,500 (2025). Amount equal to threshold or less than threshold is exempt.
Update to the programming of the Request for Certificate of Veteran Status (268261A.VA) and Verification of VA Benefits (268937.VA) to provide one copy per veteran when two veteran borrowers are present and using split entitlement.
Update to the programming of the VA Tangible Net Benefit Worksheet (VATNBW.MSC) for prior VA loan information.
