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January 2024 Edition

 
 
 

U.S. Supreme Court to Hear Arguments in National Bank Act Preemption Case

On February 27, 2024, the U.S. Learn More

 
 
 
 

Compliance Term of the Month

Split Buydowns

When a buydown subsidy is split between payers, most commonly between the borrower and lender or seller. 

 
 

Form Updates

Enhanced TRID Information Display on the Loan Detail Report

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DocMagic is updating our Loan Detail Report to include enhanced information as calculated by DocMagic for compliance with TILA-RESPA Integrated Disclosure (“TRID”) Rules

 

Complimentary

Department of Veterans Affairs Loan Updates

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DocMagic will be making updates for Department of Veterans Affairs (“VA”) guaranteed loans throughout February.  The updates are being made for VA loans following a peri

 

Complimentary

Texas Security Instrument Update

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On January 31, 2024, Fannie Mae announced that the model form for the standard Texas security instrument (Form 3044) has been revised.&nb

 

Complimentary

Update to Tangible Net Benefit Disclosures

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DocMagic will be updating programming for tangible net benefit disclosures to use prior lien information to identify applicable benefits in refinance loans, such as an i

 

Complimentary

New/Revised Documents - January 2024

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In order to keep DocMagic software users better apprised of document changes and additions as they occur, DocMagic posts listings of all newly created and revised documents.

 

Complimentary

 

Upcoming Event

Join Us in the DocMagic Notary Agent's Lounge!

Join us every Tuesday and Thursday at 10:00 AM Pacific in The Agent's Lounge on Zoom to elevate your notary skills through our exclusive biweekly training webinar!

 
 
 

System Updates

 
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SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.