South Carolina Application Notice added to Application Packages

Audit Type
Form Update

Governing law requires the South Carolina Application Notice (SCAN.MSC) be given "at the time of application for a motgage loan."  DocMagic has previously offered this notice in both the Initial and Closing packages, but is now adding it to the Application package for all clients immediately. 

Update to Qualified Mortgage Audit Determination Audit

Audit Type
Audit Update

DocMagic is providing an update to its Qualified Mortgage Determination to exclude VA loans from a points and fees test (unless VA IRRRL).  This update is in response to the recent release of DocMagic's VA QM enhancements that separately audit VA QM loans.  This update is an enhancement to it existing audits to provide its customers with more accurate reporting.

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