On December 14, 2023, DocMagic will update our standard underwriting package and Forms List to replace default selection of the Uniform Underwriting and Transmittal Summary (Fannie Mae Form 1008 /Freddie Mac Form 1077) dated 06/09 with the 12/18 version.
The Uniform Underwriting and Transmittal Summary 06/09 (Form ID: 1008.MSC-2-3-1) is currently provided by default when MISMO v2 data is provided. The updated 12/18 version (Form ID: UUATS.MSC) is populated using worksheet data.
The 12/18 version includes the following modifications:
- I. Borrower and Property Information – Number of Units was removed and is now a selection under Property Type.
- II. Mortgage Information – If Second Mortgage section was removed.
- III. Underwriting Information – Stable Monthly Income section was revised to include the income of more than one borrower and one co-borrower. This section also now includes Rental Income and Net Rental Income.
The updated form is currently set to be returned in standard underwriting packages and the forms list in stage. Customers that have features added to the form for their account are advised to test the updated version in our stage environment, if possible
Should you have any questions, or would like to make any changes to the form settings for your account, please contact DocMagic’s Customer Service.
