TEXAS DISASTER DECLARATION REQUIREMENTS & UPDATES

To our Broker Community and Correspondent Broker Partners, Effective February 26, 2021 – FEMA has declared Disaster Areas in major areas in Texas after the Ice Storms ravaged the state between 2/11 – 2/21. For Conventional and Government loans prior to funding- if the property is in a Declared Disaster…
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MISMO 3.4 FILE REQUIREMENT FOR LOAN SUBMISSION

To our Broker Community and Correspondent Broker Partners, The new MISMO 3.4 file will be required for all new loan submissions, starting Monday, 03/01/2021. Any file “opened/app date” on 3/1 and after will be the new ULAD MISMO 3.4. Files “opened/app” date 2/28 and before will be old 1003.  …
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