Arizona, Pennsylvania, and Florida Updates
We have issued an update to the system which modified the following:
Date Consistency Across Documents
We have issued an update to the system which modified the following: Removed the requirement for borrowers to manually insert the document date in a variety of documents and instead dated those documents with the same date as the document date and made this change consistent throughout the document set. The following documents were affected:
Washington DOT, Third Party Security Instruments, Default Interest Revisions, and Pennsylvania Mortgage
We have issued an update to the system which modified the following: Washington Deed of Trust In a recent update, we added the ability to include the Lot, Block and Plat Section to the Deed of Trust in Washington. The intent was to address a requirement that the first page of the Deed of Trust […]
Pennsylvania Docs, Loan Agreement, Lender’s Instructions, and New Warnings
We have issued an update to the system which modified the following: Additional Notifications: New York New York as many of you know is the most challenging loan closing state in the country largely driven by the fact that the lender must be represented by an attorney at the closing table. Additional warnings have been […]
State-specific edits: Montana, Oregon, Washington, Utah, and Massachusetts
We have issued an update to the system which modified the following:
Update to MERS Language
We have issued an update to the system which modified the following: Update to MERS language Some users utilize MERS to sell their loans to counterparties who require the use of MERS. There is a feature in Lightning Docs permitting users to insert a Mortgage Identification Number (MIN) into the interview which will populate appropriate […]
Updates to Georgia, Oregon, Texas, Indiana, Key Provisions Summary, and SOFR Indices
We have issued an update to the system which modified the following: Added two new SOFR Indices. Previously, the only available index was the 30 Day Average SOFR index. Based on user requests we added SOFR and One Month CME Term SOFR. Copied below is the specific language which will populate based on which index […]
South Carolina Security Instrument and Guaranty, Loan Servicer FCI Disbursement, Removal of Usury Endorsement Request, and Statebridge Addition
We have issued an update to the system which modified the following: