Updates

8/25/2017

Document Updates and Changes

As a result of an ongoing review of our documents to ensure compliance with state and federal requirements, we have made the following changes:

IDUT1058/20353/UT Prepayment Penalty Disclosure – Added UT Code Lender License and NMLS numbers, Originator name, License and NMLS numbers completed 8/23

IDWAINS/10557/WA Choice of Insurance Notice – Added Lender License and NMLS numbers and Originator name, License and NMLS numbers completed 8/23

IDVABKR/10522/VA Mortgage Broker Disclosure – Updated disclosure name and VA Code, Broker License and NMLS numbers and Originator name, License and NMLS numbers completed 8/24

IDWAMONY/10553/WA Waiver of Right to Appraisal Copy – Added Lender License and NMLS numbers and Originator name, License and NMLS numbers completed 8/24

IDWV1067/20355/WV Lender Placed Insurance Notice – Added Lender License and NMLS numbers, Originator name, License and NMLS numbers and insurance requirement statement completed 8/24

IDWVINS/10560/WV Choice of Insurance Provider Notice – Updated WV Code, added date, loan number, Lender License and NMLS numbers, Originator name, License and NMLS numbers and additional statement regarding cost of insurance obtained through lender completed 8/24

IDWIINS/10559/WI Choice of Insurance Provider Notice – Added Lender License and NMLS numbers, Originator name, License and NMLS numbers and statement regarding the requirement to obtain hazard insurance completed 8/24

WIOBLIGN/22462/WI Notice to Obligors – Added disclosure title, WI Code, date, loan number, borrower name, property address, Lender and Originator name, license and nmls numbers completed 8/24

WYCHOICE/20859/WY Right to Choose Insurance Provider – Added date, borrower name, lender and originator name, license and nmls numbers and check box for insurance obtained through lender completed 8/24

WYPPPDIS/21050/WY Prepayment Penalty Disclosure – Removed borders and added WY code completed 8/24

IDSCBRKR/22192/SC Mortgage Broker Fee Agreement – Updated the address for the SC Dept of Consumer Affairs and the HUD website completed 8/24

For questions, please contact support at support@docuprep.com

8/14/2017

Document Updates & Changes

As a result of an ongoing review of our documents to ensure compliance with state and federal requirements, we have made the following changes:

IDMOBROK/17028/MO Loan Brokerage Agreement – Update MO code, added Broker NMLS number and Originator name, License and NMLS numbers, additional disclosure language, and broker representative name and title. Completed 8/7

IDNCAPPL/10536/NC Broker Fee Information – Added merge field option #3. Completed 8/11

VA261880/8144/VA Request for Cert of Eligibility – Updated form to current version from Department of Veterans Affairs. Completed 8/9

IDVT964/20356/VT Addendum to Loan Application – Added VT Code, Lender/Broker License and NMLS numbers, Originator name, License and NMLS numbers and acknowledgement statement. Completed 8/11

IDVAINDS/19455/VA Insurance Disclosure – Added Lender License and NMLS numbers and Originator name, License and NMLS numbers. Completed 8/11

IDVASETT/10517/VA Choice of Settlement Agent – Added VA Code, Lender License and NMLS numbers, Originator name, License and NMLS numbers, updated code reference and choice options. Completed 8/11

For questions, please contact support at support@docuprep.com

August 4, 2017

Document Updates and Changes

As a result of an ongoing review of our documents to ensure compliance with state and federal requirements, we have made the following changes:

IDMDORIG/20966/MD Broker Agreement – Updated name of disclosure, Broker License and NMLS number, Originator name, License and NMLS numbers, terms statement and Broker representative name and title. Completed 8/1

IDLABRKR/10533/LA Brokerage Agreement/Disc – Added LA Code, loan number, Broker and Originator NMLS number and Broker Representative signature and title. Completed 8/1

IDNYINT/15036/NY Interest Rate Disclosure – Added Lender License and NMLS numbers and Originator name, License and NMLS numbers. Completed 8/1

IDNYBALD/15035/NY Balloon Disclosure – Added loan number, Lender License and MLS umbers, Originator name, License and NMLS numbers, and acknowledgement statement. Completed 8/1

IDNJBSAG/15034/NJ Broker Service Agreement – Added Lender and Originator License and NMLS numbers. Completed 8/1

IDMDSELL/21920/MD Fees Paid by Seller – Updated MD code, added date, borrower name, property address, Lender and Originator name, License and NMLS numbers. Completed 8/1

IDVANINT/21220/MA Borrower’s Interest Worksheet – Added date, Lender NMLS number and Originator License and NMLS numbers. Completed 8/1

MNINSNOT/23689/MN Right to Choose Insurance Provider – Added date, borrower name, property address, loan number, Lender and Originator name, License and NMLS numbers. Completed 8/1

SLINCTNG/22085/NC Tangible Net Benefit Worksheet – Added Lender License and NMLS numbers, Originator NMLS number and changed document to letter size. Completed 8/1

SLINMTNG/22086/NM Tangible Net Benefit Worksheet – Added Mortgage Company and Originator License numbers and changed document to letter size. Completed 8/1

ID1048NM/20379/NM Advance Fee Disclosure – Updated New Mexico code, added Lender License and NMLS numbers and Originator name, License and NMLS numbers. Completed 8/1

IDTXJUNR/22766/TX Jr Lien Insurance Disclosure – Added Lender and Originator name, License and NMLS numbers. Completed 8/1

LABRODIS/8042/LA Brokerage Agreement & Disclosure – Added loan number, Broker and Originator name, License and NMLS numbers, and checkbox for LLC. Completed 8/2

IDORADVN/22762/OR Advance Fee Disclosure – Updated code, added Lender License and NMLS numbers, Originator name, License and NMLS numbers, and additional disclosure language. Completed 8/2

IDOKINSU/15191/OK Right to Choose Ins Provider – Updated code, added Lender License and NMLS numbers, Originator name, License and NMLS numbers, and insurance type choices. Completed 8/3

IDRIAPPD/15200/RI Appraisal Disclosure – Added date, Lender License and NMLS numbers, Originator name, License and NMLS numbers and additional disclosure language. Completed 8/3

RICHOICE/8114/RI Choice of Insurance Provider – Added date, Lender License and NMLS numbers and Originator name, License and NMLS numbers. Completed 8/4

IDCAMTG/14980/CA Mtg Loan Disclosure – Traditional – Added Broker or Representative Signature and date line. Completed 8/4

SCCOSIGN/22890/SC Notice to Co-Signer – Added Co-signer signature and date line. Completed 8/4

IDSCREG/21316/SC Regulatory Agency Disclosure – Added borrower name, property address, Lender and Originator name, License and NMLS numbers. Completed 8/4

TNINSNOT/23692/TN Choice of Insurance Provider – Added date, loan number, borrower name, property address, Lender and Originator name, License and NMLS numbers. Completed 8/4

MDFINAGR/8129 and MDDCCLTR/8532 – Maryland Governor Larry Hogan signed into law Maryland Senate Bill 392 which revises the financing agreement and commitment letter disclosure requirements for transactions subject to TRID. Mortgage lenders can satisfy the requirements by providing borrowers a copy of the Loan Estimate and Closing Disclosure. For transactions not subject to TRID lenders must continue to provide the disclosures. The full text of S.B. 392 can be found at: http://mgaleg.maryland.gov/2017RS/bills/sb/sb0392T.pdf. The disclosure will be removed as of August 7, 2017.

For questions, please contact support at support@docuprep.com

7/27/2017

Closing Disclosure – Seller Liabilities Update

In keeping with UCD requirements for both Fannie Mae and Freddie Mac, Seller Liabilities are now available on the Closing Disclosure if you Loan Origination System is capable of sending this data. Seller Liabilities will now appear in the “N. Due from Seller at Closing” section on page 3.

For questions, please contact support at support@docuprep.com

7/20/2017

Document Updates and Changes

We have updated all ARM disclosures to contain language for the premium and discounted rates.

For premium rates the following verbiage will show:
You have a premium introductory rate of (RATE%) that ends after (number of years). Your initial interest rate is not based on the index used to make later adjustments.

For discounted rates the following verbiage will show:
You have a discounted introductory rate of (RATE%) that ends after (number of years). Your initial interest rate is not based on the index used to make later adjustments. Ask us for the amount our adjustable rate mortgages are currently discounted.

As a result of an ongoing review of our documents to ensure compliance with state and federal requirements, we have made the following changes:

OH1061B/19003/OH Closing Disclosure – Updated disclosure name per Ohio regulatory change. Effective 7-20-2017 Complete 7/20

IDOR1095/20560/OR Late Charge Notice – Added Lender License and NMLS numbers and Originator name, License and NMLS numbers Complete 7/20

OKTTLNOT/7323/OK Title Protection Notice – Added Lender License and NMLS number and Originator name, License and NMLS numbers Complete 7/20

IDACKNOH/22543/OK Acknowledgement of HMLID – Updated OH code Complete 7/20

OH1061G/19395/OH Notice of Change in Mtg Terms – Updated OH Code Complete 7/20

NDVANOTI/12974/ND Notice to VA Applicants – Updated disclosure title, added loan number, Lender License and NMLS numbers, Originator name, License and NMLS numbers, Lender signature line, title and date Complete 7/20

For questions, please contact support at support@docuprep.com

7/17/2017

Document Updates and Changes

As a result of an ongoing review of our documents to ensure compliance with state and federal requirements, we have made the following changes:

IDTXCOLL/22680/TX Collateral Protection Insurance Disc – Updated Texas code, added Lender License and NMLS numbers and Originator name, License and NMLS numbers Complete 6/30

TXHEQCON/12508/TX Consent to Waive Advance Disclosure – Added Texas code, Lender License and NMLS numbers, Originator name, License and NMLS numbers, description of bona fide emergency and acknowledgement statement Complete 6/30

NEMBACL/25368/NE Broker Agreement Cover Letter – Added date, borrower name, property address, loan number, additional disclosure language and changed document to letter size Complete 6/30

SSVERIF/23868/SSA89 – Updated form to current Social Security Administration version Complete 6/30

The Index look back period on the following ARM disclosures was changed to 45 days to correspond with the look back period on the FNMA ARM Notes and Riders Complete 7/13:

ADDPI1IO/16119/1 Mo Interest Only Libor ARM Disclosure
ADDPI1LB/18125/1 Yr Libor Balloon/ARM Disclosure
ADDPI1LI/13038/1 Year Libor Interest Only ARM Disclosure
ADDPI1ML/15781/1 Mo Libor ARM Disclosure
ADDPI1PR/22607/Prime Rate ARM Disclosure
ADDPI1T/12994/1 Year Treasury Index ARM Disclosure
ADDPI1TB/23192/1 Yr Treasury Index Balloon/ARM Disclosure
ADDPI1TI/13049/1 Year Treasury Index Interest Only ARM Disclosure
ADDPI1YL/12992/1 Year Libor ARM Disclosure
ADDPI3T/23795/3 Year Treasury Index ARM Disclosure
ADDPI3YL/25707/3 Year Libor ARM Disclosure
ADDPI5T/22446/5 Year Treasury Index ARM Disclosure
ADDPI5YL/25706/5 Year Libor ARM Disclosure
ADDPI6IO/13027/6 Month Libor Interest Only ARM Disclosure
ADDPI6L/12993/6 Month Libor ARM Disclosure
ADDPI6LB/18124/6 Month Libor Balloon/ARM Disclosure

For questions, please contact support at support@docuprep.com

7/17/17

Docu Prep, Inc. receives Fannie Mae certification for UCD File Creation and File Delivery

Docu Prep, Inc. has successfully completed Fannie Mae’s UCD XML file creation process. This verifies that our XML submissions are compliant with the latest UCD Delivery Specification. We have also successfully integrated with Fannie Mae’s B2B UCD collection solution to enable submission of electronic UCD loan data to Fannie Mae, which also includes the embedded Closing Disclosure PDF.

UCD delivery goes into effect on September 25, 2017. The embedded PDF will be required no earlier than April 2018.

For information, please contact Docu Prep at 888-362-7737 or info@docuprep.com.

6/26/2017

Document Updates and Changes

As a result of an ongoing review of our documents to ensure compliance with state and federal requirements, we have made the following changes:

IDMILIST/22601/MI Counseling Agencies – Updated listing of current HUD approved counseling agencies Complete 5/31

IDMAADDN/10467 MA Mortgage App Addendum – Updated name of disclosure, added borrower name, property address, loan number, Lender License and NMLS numbers and Originator name, License and NMLS numbers Completed 5/25

IDMALDIS/23734/MA Licensing Disclosure – Added disclosure statement Complete 5/22

MDWETSET/8127/MD Wet Settlement Auth – Added Maryland code, reformatted document to remove borders Complete 5/22

MDATTFEE/7342/MD Stmt of Attorney’s Fees – Updated Maryland code, added Lender License and NMLS numbers, Originator name, License and NMLS numbers, and changed signatures from Attorney to borrower Complete 5/26

IDTXBADI/22538/TX Mortgage Banker Disclosure – Remove reference to Section 157.007 Complete 5/31

MECLSAFF/25609/ME State Housing Authority Closing Affidavit – Updated the Affidavit to the current version from MHSA Complete 6/1

MNRIGHT/7990/MN Notice of Right To Discontinue Escrow – Added date, Lender and Originator name, License and NMLS numbers Complete 6/16

MNNONAGE/8836/MN Originators Non Agency Disclosure – Added Lender License and NMLS numbers and Originator name, License and NMLS numbers Complete 6/16

MNLOCKIN/26086/MN Lock In Agreement – Added statement to ‘Lock In Not Loan Approval’ section regarding the MN Statute 47.206 Complete 6/16

MSINSNOT/23695/MS Right to Choose Insurance Provider – Updated Mississippi Code, added borrower name, property address, date, loan number, Lender and Originator name, License and NMLS numbers Complete 6/19

WFSUBSUM/11659/Wells Fargo Loan Submission Summary – Update to most current WF version Complete 6/19

IDMTINS/10537/MT Choice of Insurance Provider – Added Lender License and NMLS numbers and Originator name, License and NMLS numbers Complete 6/26

IACOSIGN/24067/IA Notice to Cosigner – Added acknowledgement statement and explanation of obligation Complete 6/26

Please be aware that we are also in the process of updating all T-Bill ARM disclosures and replacing the index name of ‘T-Bill’ with ‘Treasury Index.’ This will go into effect 6/26/2017

For questions, please contact support at support@docuprep.com

April 28, 2017

Document Updates and Changes

Compliance updates

As a result of an ongoing review of our documents to ensure compliance with state and federal requirements, we have made the following changes:

DCESCROW/8122/DC Escrow Account Disclosure – Updated DC Code, added date, Lender and Originator name, and License and NMLS numbers. Complete 4/24

DC1070A/20758/DC Mortgage Disclosure Form – Added document title and DC Code, removed borders. Completed 4/24

IDFLCOM/14986/FL Mortgage Loan Commitment – Added loan number, Lender License and NMLS numbers, Originator name License and NMLS numbers, additional language, Lender Representative signature, date, name and title. Complete 4/26

IDGAPREF/14979/GA Choice of Attorney Notice – Added GA Code, Lender and Originator License and NMLS numbers, and election checkboxes. Complete 4/24

GARENOT/22235/GA Notice of RE Settlement – Added GA Code and prepared by name and address. Complete 4/26

IDILINS/11097/IL Lender Placed Insurance – Added Lender License and NMLS numbers, and Originator name, License and NMLS numbers. Complete 4/25

ILESCAG/8097/IL Escrow Account Disclosure – Added IL Code, date, Lender License and NMLS numbers, and Originator Name, License and NMLS numbers. Complete 4/25

ILLOCKN/25980/IL Rate Lock Agreement – Added Lender License and NMLS numbers and Originator Name, License and NMLS numbers. Complete 4/25

HICHOICE/8041/HI Right to Choose Insurance – Added date, Lender and Originator name, License and NMLS numbers. Complete 4/25

March 24, 2017

The Consumer Bureau is proposing changes to Regulation B

Today the CFPB is proposing amendments to Regulation B that will allow creditors additional flexibility in complying with Regulation B in order to facilitate the collection and retention of information about the ethnicity, sex, and race of certain mortgage applicants.

For more information, visit CFBP’s website at:

https://www.cfpbmonitor.com/2017/03/23/cfpb-previews-5-year-review-of-mortgage-rules/

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