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March 2024 Edition

 
 
 

Title Insurance Waiver Pilot Program

In early March, the White House announced a pilot program to waive the requirement for lender’s title insurance on certain refinance loans. Learn More

 
 
 
 

Compliance Term of the Month

Bonafide

In the context of mortgage lending this refers to discount points that actually result in a reduction of the interest rate, and may be excludable under certain points and fees definitions for high-cost testing.

 
 

Form Updates

Revision to the Uniform Underwriting and Transmittal Summary

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DocMagic previously announced the availability of the revised Uniform Underwriting and Transmittal Summary (Fannie Mae Fo

 

Complimentary

Change to North Dakota Disclosures for New Residential Mortgage Lender License

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In 2023, North Dakota enacted Senate Bill 2090 (“SB 2090”) which added Chapter

 

Complimentary

Wisconsin SB 773 Makes Changes to Disclosure Requirements

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Wisconsin Senate Bill 773 (2023 Wisconsin Act 128), published on Mar

 

Complimentary

New/Revised Documents - March 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 at the 2024 Horizon User Conference!

Join DocMagic at the Horizon User Conference hoste

 
 
 

System Updates

 
month_year

SOLUTIONS THAT WORK. TECHNOLOGY TO STAY COMPLIANT.