DocMagic is updating our handling of disclosure of loans with a buydown subsidy paid by a combination of parties including the borrower.  DocMagic currently does not allow processing of these types of loan transactions by use of a fatal audit.  DocMagic is making an update to provide for a revised disclosure by default as well as offering other options that lenders may choose to utilize based on their own interpretation of the requirements of Regulation Z and the specific terms of their loan transaction documents.

A technical infrastructure that stores and manages digital content such as eNotes. Also known as an "eVault."

Updated footer logo to most recent version. (Date of Release to Production: 02/29/24)

Updated footer logo to most recent version and applied dynamic sig lines. (Date of Release to Production: 02/29/24)

In its latest blog post titled “The CFPB’s enforcement work in 2023 and what lies ahead,” the Consumer Financial Protection Bureau (“CFPB”) provides an overview of its 2023 enforcement activity and discusses expansion plans for 2024.

In general, the blog post details the CFPB’s most significant enforcement activities of the past year, including those in which the agency partnered with other federal, state, and local agencies to investigate wrongdoing by entities subject to the CFPB’s authority. 

Updated footer logo to most recent version. (Date of Release to Production: 02/29/24)

Updated footer logo to most recent version and applied dynamic sig lines. (Date of Release to Production: 02/29/24)

Updated footer logo to most recent version. (Date of Release to Production: 02/29/24)

Updated footer logo to most recent version. (Date of Release to Production: 02/29/24)

Updated footer logo to most recent version and applied dynamic sig lines. (Date of Release to Production: 02/29/24)