July 2024 Edition

 
 
 

DocMagic, Inc. Announces the Passing of Founder and CEO Dominic Iannitti

It is with profound sadness that DocMagic announces the passing of its esteemed Founder, Learn More

 
 

Legal and Regulatory Updates

USDA Increases Income Limits for 2024

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The U.S.

 

Complimentary

 

HUD Updates 203(k) Rehabilitation Mortgage Insurance Program

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This month, the U.S.

 

Complimentary

 

FHFA Publishes Historical VantageScore 4.0 Scores

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The Federal Housing Finance Agency (“FHFA”)

Complimentary

 

 
 
 

Compliance Term of the Month

Cross-collateral

The use of equity in one property as collateral to purchase or construct another property on a separate parcel/lot.

 
 

Form Updates

Oklahoma Amends Recording Requirements

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Oklahoma recently passed Senate Bill 57 (SB 57) to amend margin requirements found in title 19 of Oklah

 

Complimentary

Ohio Dual Capacity Disclosure Form

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The Ohio Division of Financial Institutions (“DFI”) recently published

Complimentary

 

Reconsideration of Value Updates and Disclosures

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On May 1, 2024, the Federal Housing Administration (“FHA”) and the Federal Housing Finance Agency (“FHFA”) both published new policies regarding Reconsideration of Value (“ROV”).&nb 

 

Complimentary

 

New/Revised Documents - July 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

National Mortgage News Digital Mortgage Conference

Join DocMagic at the upcoming National Mortgage News Digital Mortgage Conference! 

 
 
 

System Updates


Revised Audits


Software Releases


System Status

 
 

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