| We have issued an update to the system that modified the following: FCI Set Up Form: FCI’s Loan Servicing Compliance Form will now populate as a separately downloadable document, pre-filled with information from the Lightning Docs interview, while there remains a few locations to manually enter additional information. Texas Title Conditions Update (Lender’s Closing Instructions): Pursuant to conversations with Title providers and customer feedback, we modified the lender’s instructions to provide additional text if a property is located in Texas. Temple View as Loan Purchaser: We added 2 new Loan Purchasers to ensure that recorded documents are delivered to the correct location if users sell loans to these buyers. You will now see them appear in the loan purchaser drop down menu on the Loan Sale Information page of the LD interview. Name: TVC Funding I, LLC Name: TVC Funding VI, LLC MERS Update: The word “Sell” has been removed from the granting clause of the Security Instrument when the user has selected to use MERS as the lender’s nominee, except within the state of Missouri where the word “Sell” is customarily used. When the Assignee uses MERS as their nominee, a paragraph that describes that the Note and other Loan Documents being assigned has been removed from the Assignment. Superior Loan Servicing – New ACH, New Address: Superior Loan Servicing’s contact address has changed and has been updated within Lightning Docs. A new ACH form for Superior Loan Servicing has also been added to replace their old version. |