New RESPA Documents

The following documents will print in document packages starting on January 1, 2010 when the use new RESPA reform documents field is set to yes:

Good Faith Estimate (Cx14221).  All clients will receive the new version by default in initial disclosure packages when the new RESPA field is set to yes.  Loan originators are prohibited from using the old GFE for applicatons after January 1, 2010.

HUD-1 (Cx14222).  All clients will receive the new version by default when the new RESPA field is set to yes.  The new HUD-1 will print following the Closing Instructions and will be labeled "**PRELIMINARY** FOR SETTLEMENT AGENT USE ONLY."

HUD-1A (Cx14223).  All clients will receive the new version for refinances by default when the new RESPA field is set to yes.  The HUD-1A will print after the Closing Instructions and will be labeled "**PRELIMINARY** FOR SETTLEMENT USE ONLY."

Itemization of Amount Financed (Cx14224).  This is a revised version of this document that will print disclosing the itemized fees on the loan.  The new document lists the APR items at the top with a prepaid finance charge total, the other fees are listed at the bottom.  It lists all borrower paid fees in one column, other paid fees in another column.  Fees are labed as "POC" if paid outside of closing.

Closing Instructions (Cx14225).  This is a revised version using the updated itemized fees.  It lists fees in the itemized fashion and references the preliminary HUD-1/A for additional information.

Closing Worksheet (Cx14226).  This is a new version that discloses the updated itemized fees.  The document also contains fee information for the GFE catagories and amounts.

Settlement Service Providers (Cx14643).  This is a new document required by the RESPA rule.  It lists provider(s) of settlement services in GFE blocks 4, 5, and 6 that the borrower can shop for.

New Construction Disclosure (Cx14602).  This is a new document that will print for new construction loans if settlement is anticipated to occur more than 60 days after the GFE is given.  The document informs the borrower that a revised GFE may be given anytime up to 60 days prior to closing.

Acknowledgement of Receipt of GFE and TIL (Cx14600).  This new form is not required but it will print due to high demand from ConformX users.  In this document the borrower acknowledges they have received a Good Faith Estimate and Initial Truth-in-Lending Statement, and that they have not paid any fee other than a credit report fee prior to receiving the documents.

Notice of Intent to Proceed (Cx14642).  This new form is not required but will print for ConformX users.  This document is used to verify that the borrower wishes to proceed with the loan application.

Payment Summary (Cx14633).  This form is not required but will print for ConformX users.  This contains the total monthly payment breakdown from the old GFE.  It has additional built in customization for Calyx Point users that will disclose the estimated funds needed to close as was found on the old Point GFE.

HUD Settlement Cost Booklet.  A new version of this document has been released by HUD and it is required in initial disclosures for purchase transactions.  The new PDF will automatically be included in e-disclosure packages and a paper booklet will be inserted into packages printed though our fulfillment center.