Lightning Docs Update
We have issued an update to the system that modified the following: ALTA Endorsement Update • After the 2021 Policy changes, “-06” is no longer being used after endorsement numbers.• We also added ALTA 14 as a standard endorsement for Lightning Docs users. Selene ACH Form Update • We have updated the ACH form that […]
Lightning Docs Update
System Updates
We have issued an update to the system that modified the following: 1. We have added a Borrower Certification and Authorization Form for your use upon request. The borrower certifies multiple items concerning the origination of the loan and lender’s ability to sell the loan. In addition, the borrower authorizes lender to share certain loan […]
Community Property Issues Related to Guarantees
Whether a married spouse can bind the community property of both spouses with just their signature is controlled by the law of the state in which the spouses reside. In Alaska, Arizona, Idaho, Louisiana, Nevada, New Mexico, Washington, and Wisconsin, the community property laws of each state require that the spouse of the guarantor must […]
Lightning Docs System Updates
Lightning Docs System Updates
We have issued an update to the system that modified the following:
Lightning Docs Update
We have issued an update to the system that modified the following:
Conditional Right to Extension Feature Update
We’ve just pushed an update to the system that will now allow Lightning Docs users to include a conditional right to extend their loan, without including a fee for doing so. Previously, users only had the option to choose either a dollar amount, or a percentage of the loan balance, but we realized that wasn’t […]
Significant Update – Construction Loans
We have revamped the treatment of construction loans in the interview, as well as the construction loan agreement and construction reserve language. Previously, for many of our advanced users, we had enabled more complex construction loan language to be used. We have decided to make all of our construction loan agreements available to all users and permit […]
New Lightning Docs User Guide
As a user, you likely received our original user guide which was developed years ago with our initial launch of Lightning Docs. As you and your team may have experienced, the guide looked different than the interface as it exists today. Our Lightning Docs Team has been hard at work updating our user guide to […]