New IRS Requirements Regarding Form 4506-C
New IRS Requirements Regarding Form 4506-C The IRS has announced some important changes to how they accept 4506-C forms based upon their move from a manual process to an automated process through Optical Character Recognition (OCR) software. They anticipate this will...
Social Security Administration SSA-89 Form Change
The Social Security Administration (SSA) has released an updated version of their Form SSA-89 as of 12/2020. Please begin using the new version as soon as possible. You have until September 30, 2021, to transition to the updated form. You can access a copy of the new...
2021 MERS® QA Deliverables – Are you Prepared?
2021 MERS® QA Requirement submission process is now open and in full swing. Is your organization prepared? Use the eQARequirements Landing Page on the MERS® Member Website to determine if your organization has one or more QA deliverables due by the MERS December 31,...
Important Agency Updates Regarding New Field Review Requirements
Fannie Mae has updated their field review policy “to better align QC processes with available collateral data and industry-leading collateral tools. The combination of standardized data and Collateral Underwriter® allows for a more robust QC process, which reduces or...
Freddie Mac Updates to Re-Verification Field Review Requirements
As part of the Freddie Mac Seller’s quality control program, for Mortgages selected for post-closing quality control reviews, the Seller must ensure the appraisal, or if applicable, other property valuation, meets Freddie Mac requirements. The process is expected to...
New Origination and Servicing Agency Updates to COVID-19 as of March 31, 2021
The StoneHill Group continually monitors the mortgage industry for changes that impact our clients. Here are the most recent Stonehill and Agency updates. Stonehill Updates Related to COVID-19 In 2020 the Stonehill Group (TSG) temporarily started placing a comment on...