New Document: West Virginia Ability to Repay Worksheet
WVARW.MSC
New West Virginia form. (Date of Release to Production: 09/29/23)
DocMagic is making an update to the default expiration for eClosing packages. Currently, when an eClosing package is generated, the eSigning event will remain available after the closing date if the closing does not occur, or is not completed, as scheduled.
Earlier this year, the Oregon legislature passed, and the governor signed, House Bill No.
Total eClose - A 100% paperless workflow that seamlessly integrates every component of the closing process.
The Consumer Financial Protection Bureau (“CFPB”) is required to calculate annually the dollar amounts for several provisions in Regulation Z. The CFPB recently issued a final rule amending the dollar amount thresholds under the HOEPA “points and fees” provisions of Regulation Z (12 CFR § 1026.32)(a)(1)(ii)) , referred to as “Section 32” by the industry, and t
An "application programming interface" that allows interaction programmatically between two different systems such as between an LOS and DocMagic
The U.S. Department of Agriculture (“USDA” or “Agency”) has announced updates to Chapters 9 and 10 of the Single Family Housing Guaranteed Loan Program Technical Handbook (“HB-1-3555”). The updates became effective on September 27, 2023, as published in a Procedure Notice (PN).
The California legislature recently passed a bill that would authorize remote notarizations by California notaries. The bill was signed by the governor September 30, 2023, completing all required steps for it to become effective. However, importantly, the legislation may not be effective until as late as January 1, 2030, over six years from its passage.
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.
On September 19, 2023, the CFPB published a circular on the proper use of Regulation B (“Reg B”) sample forms and adverse action notification requirements.
