A settlement in which a party conducts a loan closing in their own name with funds provided by another party and contemporaneously assigns the loan to the party advancing the funds.

Oregon Senate Bill 765 (“SB 765”) provides permanent provisions that allows notaries to perform notarial acts using communication technology for remote online notarizations. SB 765 became effective on June 15, 2021, prior to the expiration of temporary legislation passed during the pandemic.

In the month of July December, DocMagic plans to release a redesigned version of our Loan Detail Report (“LDR”). 

On June 25, 2021, the Department of Housing and Urban Development (“HUD”) published a notice of proposed rulemaking (“NPRM”) in the Federal Register entitled Reinstatement of HUD’s Discriminatory Effects Standard.

Lenders implementing eClosings are finding there are a host of upsides - and their post-closing departments are reaping some of the main benefits.

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On June 23, 2021, the U.S. Supreme Court issued a 7-2 decision in Collins v.

On June 17, 2021, Senate Bill 475, cited as the “Juneteenth National Independence Day Act” (the “Act”), was signed into law by President Biden.  Juneteenth, the oldest nationally recognized commemoration of the ending of slavery in the United States, is now a federal holiday.

On June 4, 2021, the U.S. Department of Veterans Affairs ("VA") published Circular 26-21-9 to announce that the VA will continue to use the combined HUD/VA Addendum to Uniform Residential Loan Application (URLA), indicated as HUD-92900-A and VA Form 26-1802a.

On June 2, 2021, the Consumer Financial Protection Bureau (CFPB) updated TILA-RESPA Integrated Disclosure (“TRID”) FAQs with guidance related to escrow account provisions in Regulation X, divided into four categories: General; Escrow Account Analysis; Deficiencies, Shortages, and Surpluses; and Public Guidance Documents.

Updated refinance paragraph on page 1. Effective: 07/01/21. (Date of Release to Production: 06/30/21)