Update to the Borrower Address Security Instrument Indicator

Audit Type
Feature

Update to the plan feature that controls what address prints on the security instruments in the residing in section to utilize “AddressCondifentiality” for Arizona HELOC Deed of Trust - MERS & Non-MERS (AZHESI.HLC, AZHESIM.HLC) , Maryland HELOC Deed of Trust (Non-MERS & MERS) (MDHESI.HLC, MDHESIM.HLC), Minnesota VA Mortgage - MERS & Non-MERS (MNMTGN.VA, MNMTGZN.VA) and Virginia VA Deed of Trust - MERS & Non-MERS (VADOTZN.VA, VADOTN.VA). 

New Audit for Business Purpose

Audit Type
Audit Update

A new audit was created for use in our newer generic plan of DSI_DSCRF, DSCR (DEBT SERVICE COVERAGE RATIO) FIXED RATE PLAN providing a warning stating that the loan must be marked as Business Purpose/Business Use. Message: The loan must be marked as business purpose for use with this loan plan.

New Form: Maryland Shared Appreciation Disclosure

Audit Type
Form Update

A new form, Maryland Shared Appreciation Disclosure (MDSAD.MSC) was created for Loan Originators to complete. We cannot currently make this form fillable due to there being no signature placement by the Loan Originator or person completing the form. This is for “Shared Appreciation” loans where the lender will take a share in the appreciation of the market value of the property. This form will be added to the state build and updated once we identify more data points for the form to be completed.

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