Updates and Announcements Archives - Page 17 of 19 - CBC Mortgage Agency

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Apr 28

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18-11: CBCMA APPROVED IN SOUTH DAKOTA

By James Bethe Updates and Announcements

As of April 23rd, CBC Mortgage Agency will purchase first mortgages in South Dakota. There is now only one state where CBCMA does not operate:…

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Apr 19

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ULI Required at Registration, Application & Closing Docs

By James Bethe Updates and Announcements

As of 4/20/18 we have added 2 new fields in our pricing engine portal for the ULI (Universal Loan Identifier) numbers. Please start providing a…

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Apr 17

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18-09: MIN NUMBER ON 2ND CLOSING DOCS

By James Bethe Updates and Announcements

Effective immediately, CBC will no longer be generating the MIN that is to be placed on the 2nd mortgage closing docs. The 2nd Mortgage MIN…

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Mar 16

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18-08: GIFT OPTION NO LONGER AVAILABLE (AS OF 4:5:18)

By James Bethe Updates and Announcements

On April 5th, 2018 CBC Mortgage Agency will cease offering GIFTS as a form of down payment assistance in preparation for an enhanced product offering…

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Mar 07

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18-07: CBCMA APPROVED IN WEST VIRGINIA

By James Bethe Updates and Announcements

As of March 6th, CBC Mortgage Agency will purchase first mortgages in West Virginia. There is now only one state where CBCMA does not operate:…

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Feb 26

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18-06: MORTGAGEE CLAUSE FOR THE SECOND MORTGAGE

By James Bethe Updates and Announcements

NOTICE: All companies preparing their own second mortgage documents MUST show the first payment due to our sub-servicer in the second mortgage first payment letter:…

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Feb 16

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18-05: FNMA 3.2 File

By James Bethe Updates and Announcements

As a reminder, when registering a loan we require that you upload a FNMA 3.2 file. Beginning February 16th, our system will no longer allow…

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Feb 12

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18-04: SUBORDINATION POLICY

By James Bethe Updates and Announcements

CBC Mortgage Agency is updating its subordination policy in preparation for some exciting new products. We have not changed our policy on Soft Seconds. Soft…

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Feb 05

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18-03: Taxes

By James Bethe Updates and Announcements

Many counties have taxes due in the month of March. CBCMA wants to remind you that if you have a tax payment due the month…

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Jan 22

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18-02: FORM 1098 INT

By James Bethe Updates and Announcements

The IRS exempts lenders from delivering form 1098 INT if the lender has not received more than $600 in interest from a borrower. In most…

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866–563–3507

CBC Mortgage Agency
NMLS: 1186381
912 W. Baxter Drive, Suite 150
South Jordan, Utah 84095

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The Chenoa Fund® program has not been reviewed or approved by HUD or FHA. This site is for information purposes and is used by licensed industry professionals. The site and the information contained therein is not a solicitation to lend money to consumers. For licensing information, go to: www.nmlsconsumeraccess.org. Illinois Residential Mortgage License #MB.6761292. Illinois Department of Financial and Professional Regulation, Division of Banking, 100 West Randolph, 9th Floor, Chicago, IL 60601 – 1-888-473-4858. Georgia Residential Mortgage Licensee, License # 1186381. The Chenoa Fund program is not currently offered in New York.

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