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The U.S.

Update to Tangible Net Benefit Disclosures

DocMagic will be updating programming for tangible net benefit disclosures to use prior lien information to identify applicable benefits in refinance loans, such as an interest rate that is lower in the subject loan than the loan being refinanced, where this is not already considered. 

Freddie Mac issued Selling Guide Bulletin 2024-01 on February 7, 2024, to announce recent changes to Selling Guide requirements, which include the following:

Adequacy of Insurance

Freddie Mac has announced the availability of standardized subordinate mortgage documents.  After leading an effort to draft and review the documents, Freddie Mac has published the model forms on a new Freddie Mac subordinate lien document webpage. The webpage also provides additional information regarding the use of the standardized subordinate lien documents, including FAQs and links to additional lender information.

Join DocMagic at the ICE Experience 2024 from March 18-20 at the Wynn Las Vegas, where industry professionals will gather to explore the power of technology in enhancing customer experiences. 

Updated footer logo to most recent version. (Date of Release to Production: 02/22/24)

Updated footer logo to most recent version. (Date of Release to Production: 02/22/24)

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