Annual update to Illinois High-Cost Threshold Amounts - Effective January 1, 2025. Loan Amount ($26,092 update to $26,968) and Dollar Amount ($1,305 update to $1,348) for 2025

Update to programming of the Authorization for the Social Security Administration to release SSN Verification (SSA89.MSC) for the date to automatically fill instead of needing to be ink filled by the borrower. 

Annual update to the HOEPA/ Section32 Points and Fees dollar trigger for high-cost mortgages in 2025 will increase from $1,305 to $1,348. The total loan amount threshold used to determine whether a loan is subject to the “total points and fees” provision of HOEPA, or Section 32 will increase from $26,092 for 2024 to $26,968 for 2025.

Update to the programming of Settlement Certificate (SC2.MSC) Broker/Agent Cert. (FHAREC.LSR) Appliance Statement. (AS.MSC) FHA Amendatory Clause (FHAA.MSC) to allow the seller to eSign. Client plan must be configured to allow sellers to eSign.  

Annual update to the Pennsylvania Base Figure for 2025. Effective January 1, 2025, the new base figure will be $319,777

Update to the Tennessee Broker Comp audit for the 2% threshold of total loan amount, audit should trigger if there is more than two percent paid to the broker for a brokerage fee/finder fee. Updated to look at the “paid by” for the fees paid to the Broker. Exclude fees not paid by the borrower.

New audit to check for closing date when the loan purpose is Construction or Construction to Perm. 

Update to the forms list for Virgin Islands to add second lien note and security instruments. 

Audit updated to temporarily disallow remote notarization in Colorado using DocMagic RON.  eClosings will be allowed again in Colorado shortly. 

Update to Request for Value Request Form (ROVRF.MSC) to change programming for Appraiser Name on the top of page 1.