Virginia Loan Commitment PMI Disclosure
Update to the programming for checking whether a loan requires PMI to automatically check No for loan types of FHA, VA, and USDA.
Update to the programming for checking whether a loan requires PMI to automatically check No for loan types of FHA, VA, and USDA.
Raised the barcode from the bottom footer into the document area of the form to allow for viability. (Date of Release to Production 10/02/23) GAHI.FHA
Updated so that county would print along with city in the property address Transfer of Rights paragraph 1. (Date of Release to Production 10/05/23) VADOTZN.VA, VADOTZYN.VA, VADOTN.VA, VADOTYN.VA, VADOTZ2.FHA, VADOTY2.FHA, VADOT2.FHA, VADOTZY2.FHA, VA3047.MZD, VA3047Y.MZD, VA3047.DOT, VA3047.DOT-A, VA3047Y.DOT
Update to the programming for VA Form 26-1880 (261880.VA) for Question 12 to check IRRRL based on Loan Purpose of "Streamline Refinance" or "Refinance" only with a Govt Refinance Type of "InterestRateReductionRefinancingLoan", as well as to update Question 10A and 17C to be required postfill.
Update to the Indiana remote online notary/electronic notary certificate for acknowledgments to include additional detail about the signer's location.
New audit to ensure a TRID Total of Payments number is calculated and displayed on the Closing Disclosure. Audit will alert if this number is missing from calculations for any reason.
Additional audits to check if a MI renewal rate is provided that there is a related MI calculation in the amortization.
New form added to initial and pre-closing packages for new North Dakota Residential Mortgage Lending License.
New audit for Georgia property loans where no intangible tax is provided in the charges but the loan also is identified as not meeting any defined exemption. New recording rules effective July 1st, 2023, require inclusion of the intangible tax amount or the related exemption on page 1 of the security deed.
Updates to audits for MI renewal rates to alternatively use new data fields which allow up to six decimal places.
10 VAC 5-160-30