Updates

October 29, 2019

Document Updates and Changes

Trust Document Changes

INVIVRID/7297 -Inter Vivos Revocable Trust Rider. Docu Prep has updated this rider to include “settlor” signing verbiage not accounted for in standard trust signature blocks but applicable to this form. See, Fannie Mae Selling Guide (Oct 2, 2019 publication), page 1144, for an example.  Completed 10/29/2019

INTVIACK/7298 -Inter Vivos Revocable Trust Rider Settlor Acknowledgement. This document is no longer necessary with the language added to the Trust Rider. This document will be removed as of 11/5/2019. If you prefer to keep this document in your trust package please let us know. To be completed 11/5/2019

October 28, 2019

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:

ADPAINFO/21454 -PA Important Information about your Loan. This form is no longer necessary and has been removed. Completed 10/24/2019

COITEMIZ/22105 -Colorado Itemization of Fees. This form is no longer necessary and has been removed. Completed 10/22/2019

MOHELOC/26307 -Missouri HELOC Security Instrument. Updated the reference to the full legal description on page 1. Completed 10/24/2019

CA Security Instruments -Added the street address and the parcel ID/Tax ID to page 1 to comply with San Francisco County recording requirements. Completed 10/24/2019

October 15, 2019

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:

USA92541/4549 – Builder’s Certification of Plans, Specifications, & Site. Docu Prep updated the form. Completed 10/14/2019

VACMCERT/21334 – VA Common Lender and Borrower Certifications. Docu Prep updated the Power of Attorney Certification to match small changes made in VA’s recently published updates to VA Lenders Handbook, Chapter 9(8)(c). Completed 10/14/2019

VPOACERT/21506 – Certification when a Power of Attorney is Used. Docu Prep updated this Certification to match small changes made in VA’s recently published updates to VA Lenders Handbook, Chapter 9(8)(c). Completed 10/14/2019

October 7, 2019

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:

RURALHOU/14179 – USDA updated form RD 3555-21 Request for Single Family Housing Loan Guarantee. Docu Prep updated our form to be compliant. Completed 10/04/2019.

IDIN1501/20634 – Indiana updated form INSOS/LBA Indiana Loan Broker Agreement. Docu Prep updated the form to be compliant. To be completed 10/09/2019.

The state of Virginia has relocated some of its real estate regulatory code from Title 55 to Title 55.1 of the Virginia Code. As a result of this change, citations have been updated on the following Virginia documents:

IDVASETT/10517 – Virginia Choice of Settlement Agent-Initial Disclosures.  Completed 10/07/2019

VAHELOC/26443 – Virginia HELOC Security Instrument. Completed 10/07/2019

September 26, 2019

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:

VABUILD/12404 – VA Builder Statement Updated to align with the VA’s recently published changes to VA Lenders Handbook, Chapter 13.   completed 9/26/2019

September 24, 2019

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:

ORFRCAFF/27591 – Purchaser Affidavit for Home in Foreclosure Process. In the state of Oregon if a seller’s home is, or is about to enter, into foreclosure, the buyer must certify that it has presented the notice contained in the document to the seller. If you would like this document added to your doc set please let us know.

August 22, 2019

Document Updates and Changes

eSign System Enhancements

Docu Prep’s enhanced eSign platform will be live as of Friday August 23, 2019. The enhancement will no longer allow individual borrowers to see documents that do not apply to them. For example, the credit score disclosure will only appear to the borrower for whom it applies. The signing experience has not changed and there will be no interruption to your service.

July 17, 2019

Document Updates and Changes

eSign System Enhancements

On July 18, 2019 we will be adding enhancements to our eSign system. Individual borrowers applying jointly with other borrowers for a loan will no longer see documents that do not apply to them, e.g., credit score disclosures. The signing experience has not changed and there will be no interruption to your service.

June 20, 2019

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:

USARECN1/4562 and AFRESH1/6334  – Changed the words “Closing Disclosure” to “Truth in Lending Disclosures” so forms are usable for loans that are subject to TRID as well as those that are not.  completed 6/14/2019

USAACKN/4551 Removed “Date of Disclosure” and replaced “Date of Contract” with “Date of Transaction” to alleviate confusion with dates on the document.  6/14/2019

June 12, 2019

FHFA Directs GSEs to Delay URLA Implementation

Compliance News Affecting Documentation

Fannie Mae and Freddie Mac have posted that the implementation timeline–including optional and mandatory use periods–will be delayed. Some additional adjustments to the forms also appear to be in the works. Here’s a link to the announcement:

 

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