User Resources

Lightning Docs System Updates 10.23.26

We have issued an update to the system that modified the following:

• Virginia Note and Guaranty Trustee Attorney Update: As part of last week’s update, the default trustee for Virginia has been changed from an individual, Marc DeCandia, to an entity, Blue Ridge Trustees, LLC, a Virginia limited liability company. Either an individual, who is a resident, or an entity organized under Virginia or U.S. law, with a principal office in the state, may act as a trustee.
  
  The update will also be reflected in the Confession of Judgment language included in the Note and Guaranty (when applicable). The Default/Remedies provisions lists the names of specific attorneys from the default trustee (Jason Murphy, Owen Hare, and Luke McQueen) who upon default, may confess judgment against the Borrower in the forum where they practice, which is provided as the Clerk’s Office of the Circuit Court for the City of Alexandria, Virginia. The default language also allows the Lender to designate any other Virginia licensed attorney-at-law to act in place of the named individuals.

Lightning Docs System Updates 10.16.26

We have issued an update to the system that modified the following:

Updated Default Trustee for Virginia: When the Property State is Virginia, a new trustee will be set as the default unless another option (Loan Servicer, Title Company, Other) is selected. The new default trustee option is: Blue Ridge Trustees, LLC, a Virginia limited liability company.

Lightning Docs Updates 10.09.26

We have issued an update to the system that modified the following:

• Enhancements to the UCC-1: The Loan Number is now automatically populated in Item 8 of the document.

Lightning Docs Updates 10.05.26

We have issued an update to the system that modified the following:

• Updates to the Partial Release Feature: We’ve enhanced the Partial Release feature in Lightning Docs to give users more flexibility in how release prices are calculated for individual properties.
  
  Users can now choose from three methods for identifying release prices within their loan documents:
  • Identify Specific Release Price – Enter a specific dollar amount located on each individual property’s page.
    
    
    
    
    
    
  • Multiplier of Allocated Loan Amount – Calculate the minimum release price automatically using a multiplier applied to the property’s Allocated Loan Amount.
    
  • Schedule of Release Prices – Attach a schedule specifying release prices across properties.
    
  • If none of these options are selected, the documents will default to providing that 100% of the net proceeds from an individual property’s sale will be paid to the lender in exchange for releasing that property from the lien of the Security Instrument.
• Important: When revisiting an existing record in Lightning Docs that includes a Partial Release feature, you must reselect the appropriate Partial Release option. Because the available options have been updated, any previously selected value will be cleared from the field. After making your selection, click “Complete” to ensure the documents are updated correctly.

Lightning Docs Updates 8.28.26

We have issued an update to the system that modified the following:

• Addition of New Hampshire Statement of Finance Charges Disclosure: A new form has been added to the document stack (and Loan Documents list in the Lender’s Closing Instructions) whenever there is at least one property in New Hampshire. The form is a summary of finance charges related to the loan, and is signed by the Borrower(s) and any Guarantor(s).