Updates

February 26, 2021

New URLA Reminder

For loans with an application dated on or after March 1, 2021 the Uniform Residential Loan Application will automatically change to the new format. For documentation on screen updates and changes please, go to the Docu Prep website at:

https://www.docuprep.com/uniform-residential-loan-application/

February 4, 2021

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:

The HUD/VA Addendum to Uniform Residential Loan Application (HUD-92900a/VA 26-1802a) has been updated by HUD. The following two new forms have been created and are currently available for use. Mandatory use date for this form is 3/22/2021. If you would like to use the new form prior to this date please submit a support request. This change only applies to FHA. VA will continue to use the existing form.

AAPLFHA2/28048 – FHA Addendum to Uniform Residential Loan Application (HUD-92900-A)(2 pg). Available as of 02/02/2021.

AAPLFHA4/28051 – FHA Addendum to Uniform Residential Loan Application (HUD-92900-A)(4 pg). Available as of 02/02/2021.

We have also made the following changes:

ID92900B/11449 – Important Notice to Homeowner (HUD-92900-B). We updated this document to the latest version published by HUD. Completed 02/03/2021.

USF92561/4647 – HUD 92561 Borrowers Contract with Respect to Hotel Transient Use of Property. We updated this document to the latest version published by HUD. Completed 02/03/2021.

January 28, 2021

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:

SSVERIF/23868 – Social Security Administration (SSA) Authorization to verify SSN. We updated this document to the most recently published version 12/2020. Completed 01/27/2021.

January 22, 2021

LendingBlocks Product Update

As of January 25, 2021 the following items will have been added/updated in LendingBlocks:

Pipeline Statuses: Statuses can be added and reviewed in the Loan Information Panel on the right.

Loan Search Screen: Updated to include columns for current pipeline name and date.

Pipeline Report: Updated to allow for filtering loans by a particular status and date range.

January 13, 2021

Clarification regarding 4506-T/4506-C

We would like to clarify that with the IRS’s implementation of the 4506-C, the line that used to reference the 3rd party vendor (line 5a) has been removed from the 4506-T. If you use a 3rd party to request 4506 tax transcripts from the IRS, you will need to begin using the 4506-C, which references the 3rd party vendor. To facilitate this transition, we have added the 4506-C form to all customer packages that currently receive the 4506-T and have not previously requested that we replace the 4506-T with the 4506-C. Any clients who do not wish to receive both forms, please contact support at support@docuprep.com.

January 8, 2021

Document Updates and Changes

The IRS has created a new version of the 4506, the 4506-C, that must be used with any request for tax transcripts submitted through a 3rd party beginning on or after March 1, 2021. This document may be used immediately and is now available.

In conjunction with the new form, we have also updated the 4506-T to the most recent version (6/2019) removing the 3rd party information.

You have the option to add the 4506-C to your doc set in addition to or in place of the 4506-T. If you would like to add this new form to your doc set or you have any questions about this new form please submit a support request to support@docuprep.com.

December 16, 2020

No Impact from SolarWinds Incident

Docu Prep DOES NOT utilize SolarWinds tools or services in our systems. Please use this notice for your vendor management compliance notifications and records reporting. Thank you.

 

Information about the SolarWinds Cyberattack can be found here: Security Advisory | SolarWinds

October 2, 2020

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:

CAECOA/6102 – CA Fair Lending and ECOA Notice California Health & Safety Code 35830; California Code Regs. Tit. 21 Sec. 7114. We replaced to Department of Business Oversight name with the new Department of Financial Protection and Innovation. Completed 09/30/2020.

CAFAIRLD/22874 – The Housing Financial Discrimination Act of 1977 Fair Lending – CA. We replaced to Department of Business Oversight name with the new Department of Financial Protection and Innovation. Please note that the website address has not been updated from www.dbo.ca.gov to something else because the newly created entity does not have an updated url yet.  Completed 09/30/2020.

As a reminder, the GSEs will no longer accept LIBOR Notes and Riders with an application date on or after October 1, 2020.

August 13, 2020

LendingBlocks Product Update

Docu Prep will be deploying a release to LendingBlocks on the evening of Friday, August 14th, 2020. This following updates/changes will be made:

Loan Amount, Interest Rate, Term, LTV, Closing Date and First Payment Date have been added to the Loan Information Panel on the right.

The loan number was removed from the Loan Information Panel on the right. It will continue to show on the Navigation Panel on the left.

The Important Dates screen was updated to show only dates that pertain to the loan type.

We have added the ability to add notes to each loan. This can be found in the Navigation Panel on the left.

August 3, 2020

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:

AAPLADDI/26298 – HUD/VA Addendum to Uniform Residential Loan AP (HUD-92900-A)(VA 26-1802a). The document was updated to match recently published version. Completed 07/30/2020.
AAPLFADI/26296 – HUD/VA Addendum to Uniform Residential Loan AP (HUD-92900-A)(VA 26-1802a). The document was updated to match recently published version. Completed 07/30/2020.

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