04.01.21

March 2021 Compliance Roundup

March was a busy month for our compliance professionals. We saw a number of changes from the nation’s largest mortgage investors (FNMA and FHLMC) and a number of States. The changes are detailed below.

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01.12.21

December Compliance Recap

As 2020 came to an end, states and lenders were adjusting many loan documents to reflect end of year changes in the industry. These changes are incorporated into ConformX, to ensure that your documents are in compliance with state, federal and investor requirements.

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12.08.20

November Compliance Recap

As election season comes to a close, we saw the regulatory landscape and compliance landscape prepare for shifts and updates. Many states modified laws, which then required additional document changes on the First American Docutech front. These changes are automatically incorporated into ConformX, to ensure that your documents are in compliance with state, federal and investor requirements.

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11.12.20

October Compliance Roundup

The industry saw very little new investor compliance activity in October. Regulator activity was likewise muted, perhaps due to the runup to the presidential election. The only activity from any government agency came from the IRS, who finally published their long-awaited new 4506-C form.

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09.07.20

August Compliance Recap: New State Disclosure Matrix and Document Changes

As summer starts to fade, the compliance landscape for August slowed as Congress entered recess and regulators slowed new rules. However, August was filled with several document updates, and Docutech unveiled an exciting new disclosure matrix.

Follow our compliance blog to remain up to date on regulatory changes within the industry.

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08.06.20

The Evolution of the Uniform Residential Loan Application (URLA)

New Mandate Use Date: March 1, 2021

It has been four years since the Federal National Mortgage Association (“FNMA”) and Federal Home Loan Mortgage Corporation (“FHLMC”; collectively “the GSEs”) unveiled a completely revised version of their “Uniform Residential Loan Application” (FNMA Form 1003/FHLMC Form 65) and, after many postponements and revisions, the new version took effect Saturday (August 1, 2020) for select participants during a “Limited Production Period” (“LPP”). The road to production for this form has been long and tedious, but hopefully the destination will have been worth the journey.

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