Updated to February 2020 version. (Date of Release to Production: 04/23/20)

On April 14, 2020, Fannie Mae and Freddie Mac (the “GSEs”) made a joint announcement that the redesigned Uniform Residential Loan Application (“URLA”) and automated underwriting systems (“AUSs”) implementation timeline has been updated with extended milestone dates that move the required use date to March 1, 2021. 

Federal agencies, along with Fannie Mae and Freddie Mac (the “GSEs”) have issued temporary guidance urging that additional due diligence be taken in verifying borrower income and employment information prior to closing.  The guidance does not include specific disclosure requirements but allows for flexibility in verifying that a borrower’s ability to repay a loan has not been negatively impacted by the COVID-19 pandemic. 

States continue to pass laws that support conducting a Remote Online Notarization ("RON"), and in response to the pandemic situation, additional states have allowed RONs under Emergency Orders. 

Our Remote Online Notarization Matrix clearly indicates which states have allowed RON either under existing law or emergency order.  For those operating under an emergency order, please see the Order Expiration table for when the order expires.   

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. Here is the list of forms created or modified in April, 2020.

To view all New/Revised Documents, click here

Updated to support eNotarization. Page count increased to 2 pages and form is now on letter size. (Date of Release to Production: 04/02/20)

Updated to dynamic signature lines and use of Borrower instead of Mortgagor. (Date of Release to Production: 04/02/20)

Updated to dynamic signature lines and use of Borrower instead of Mortgagor. (Date of Release to Production: 04/02/20)

Updated to dynamic signature lines and use of Borrower instead of Mortgagor. (Date of Release to Production: 04/02/20)

Updated to dynamic signature lines and use of Borrower instead of Mortgagor. (Date of Release to Production: 04/02/20)