The Federal Housing Agency (“FHA”) issued Mortgagee Letter 2023-13 to announce that Fannie Mae/Freddie Mac Form 1103, Supplemental Consumer Information Form (“SCIF”) will be required for all FHA Title II forward mortgage loans with an application date of August 28, 2023 or later.  

DocMagic is making various updates for the selection of forms in redisclosure packages based on changes from prior disclosures to the loan’s rate type or loan type.   These changes will help clients ensure a loan receives all required disclosures that may not have been included in the initial disclosure package because the loan terms changed after the initial disclosure package was generated. 

Identification of the geographical location of a remotely located individual or device used by a remotely located principal through digital information processed via the internet.

The U.S. Department of Agriculture (“USDA” or “Agency”) has announced updates to Chapters 5, 13, 15 and Appendix 4 of the Single Family Housing Guaranteed Loan Program Technical Handbook (“HB-1-3555”).  The updates became effective on June 28, 2023, as published in Procedural Notice 585.

Fannie Mae and Freddie Mac recently published a revision to the District of Columbia Deed of Trust uniform instrument.  The update includes a change to the language in Section 26(a) Notice of Default, under non-uniform covenants, Section 26. Acceleration; Remedies.

Join Five Star and DocMagic for a conversation and demonstration of successful digital implementation that supports a core focus on personalized service to customers. Attendees will hear firsthand from a lender that has implemented digital tools that foster and support in-person interactions—addressing concerns and building rapport with borrowers while remaining 100% digital.

Register HERE.

Updated expiration date to match model form. (Date of Release to Production: 06/22/23)

Updated expiration date to match model form. (Date of Release to Production: 06/22/23)

Updated expiration date to match model form. (Date of Release to Production: 06/22/23)

Updated expiration date to match model form. (Date of Release to Production: 06/22/23)