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Release
Notes for Standard Conveyancer Updates (Version 10.20+)
Standard
Conveyancer program updates (the latest is at the top).
All version updates are cumulative of prior updates.
In
addition to the latest program
update (10.20.8), you should also make sure you
have our new document Auto-Updater.
The Auto-Updater checks daily for any available document
updates and downloads them automatically to your network.
Only one Auto-Updater per office is required. Click
here to get it, or call
us for more information.
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Current
Update: Version 10.20.8: Posted
July 2008
- Added
new data fields and revised documents for compliance
with Massachusetts
Chapter 206 (of the Acts of 2007) Chapter
206 requires licensing of mortgage brokers and
originators and display of broker and originator
name, address and license number on mortgages
and assignments. Click Info, then Lenders
to add broker license numbers plus mortgage
originator names and license numbers.
More
Info: Under
Chapter 206, "Mortgage Broker" is
the origination company and "Mortgage
Originator" is the person who places
the loan with a Lender/Investor. Standard
Conveyancer screens use the term "Originator"
for the mortgage origination company (i.e.,
the Mortgage Broker) and "Mortgage Originator"
for the person who places the loan.
The
best practice is to add the Mortgage Broker
information into your Lender database (under
the Info menu). Add a default Mortgage
Originator and License Number and adjust the
Mortgage Originator information in your files
as needed. If you only have Investors in your
Lender database you will need to type your
Mortgage Broker/Mortgage Originator information
into each file that you open.
Click
the "Not a Broker" checkbox if the
Originator field contains the name of a bank,
a private lender, or some other entity that
is not a Mortgage Broker and is exempt from
the licensing requirements.
All
Massachusetts mortgages plus the Assignment
document have been updated to display the
required information. Since the Mortgage Originator
works for the Mortgage Broker the documents
use the Broker's address for the Mortgage
Originator as well.
- New
layout of Lender Setup screen shows title insurance
loss payee without needing to click the "Loss
Payee" button.
- Added
new title insurance endorsements to Attributes
screen; reordered list. Removed automatic linkage
on Attributes screen ("Variable" link
to ALTA 6; "Condo" link to ALTA 4.1;
and "PUD" link to ALTA 5.1) to allow
manual selection of ALTA 4 or 4.1, 5 or 5.1,
and 6, 6.1, or 6.2.
- Added
new "1-4 Family Rider" selection to
Attributes screen -- use in place of "Number
of Units" field on Property screen to add
1-4 Family Rider document to closing batch.
- Fixed
Tab order on Seller screen.
- Corrected
condition where closing state and county would
sometimes not save. Make sure closing state
and county are in place on your Schedule screen
so that notary acknowledgments are correct for
closing state.
- Removed
function that asks whether to activate auto-calculation
for recording fees when closing date is changed.
Recording fees auto-calculation will remain
turned off when closing date is changed.
- "Go
To Quicken" button on Checkwriting Control
screen has been removed.
- Changed
MS Word interface so that Word auto spell check
reverts back to "on" once merged document
is closed.
- Improved
functioning of Multi-Settlement Agent program
option.
- Lengthened
1099 Filer name field (Click Info, then Firm/1099
Info).
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Version
10.20.7 Update: Combined
into version 10.20.8
Version
10.20.6 Update: Posted
January 2007
- Added
revised IRS Certification for No Reporting (now a LEGAL
size document) (required effective January 22, 2007) (MS
Word and WP 5.1 formats).
- Added
2007 IRS 1099-S forms (MS Word and WP 5.1 formats).
- Revised
HUD-1 and HUD-1A to include new expiration date (MS Word
and WP 5.1 formats).
- Added
Microsoft Word version of the new Massachusetts mortgage
payoff documents (based on REBA proposed forms). Includes:
Form
E: Payoff Request Letter Proposed REBA Proposed
Form
K-2: Payoff Letter with Notice of Intention to Record
Affidavit of Discharge
Form
I: Discharge of Mortgage by Attorney's Affidavit under
M.G.L. c. 183, §55(g)(2)
Click
here for more information on using the new forms.
- Added
Fax Number field to the Firm Info screen (click Info,
then Firm/1099 Info to enter).
- Added
improvements to the way lender information is handled when
changing the lender in an existing file.
- Revised
Assignment of Mortgage document to always insert Investor
name as assignee.
- Added
paralegal e-mail field to available document fields in WordPerfect
5.1 documents.
- Fixed
problem of “Reissue Policy” data fields not appearing
on Policy screen without screen refresh.
- Removed
Payoff1 and Payoff2 fields from Field Picker list (the Payoff1
and Payoff2 documents were superseded by PayoffB and PayoffS
and should not be used).
Version
10.20.5 Update: Posted
October 2006
- Corrected
inconsistencies in customer databases between “Chicago
Title” and “Chicago Title Insurance Company.”
- Improved
OutDisch (Outstanding Payoff Discharges) report to reduce
the amount of information shown in the Memo fields.
- Includes
(previously released) forms 4506 (Rev. 4-2006) and 4506-T
(Rev. 4-2006).
- Corrected
typographical error on Schedule screen.
Version
10.20.4 Update: Posted
August 2006
- Added
option in Office Preferences to eliminate prompt asking
whether to turn off automatic calculations for closing files
past closing date. Default is set to hide messages.
- Includes
combined "Smoke Detector and Carbon Monoxide Detector
Certificate and Indemnification Agreement" for use
in Massachusetts (previously released in March, 2006)(MS
Word and WP 5.1 formats).
- Includes
cumulative IRS Forms Package previously released in early
2006. Form W-9 (Rev. 11-2005) and instructions, plus previously
released IRS forms 1099-S (SC documents IRS1099I and IRS1099M),
4506 (Rev. 10-2005), 4506-T (Rev. 9-2005) and 8821 (Rev.
4-2004)(MS Word and WP 5.1 formats).
- Enhanced
features that copy lender model file information to existing
file when changing lenders.
- Payoff
data handling was added to improve information show on the
Affidavit of Encumbrances document.
- Improved
program updating process to protect custom work done for
Multi-Settlement Agent option.
- Changed
tax payment line item on HUD-1 to remove dates and read
“Taxes Paid by Settlement Agent.”
- Added
messages to update process to inform user when update is
complete.
- Removed
commas from spelled-out dollar amount recitations.
- Enhanced
calculations on P&I (Principal and Interest) rounding
settings in Lender Calculation Settings. Best choice is
usually “Always Round Up,” which rounds up to
the next full cent.
- Correct
autotext error message on HUD-1 line 1109.
Version
10.20.3 Update: Posted
February 2006
- Added
new feature that allows Standard Conveyancer to automatically
check for updates once every seven days.
- Added
the following new title insurance endorsements to Attributes
screen: Affirmative Language; Residential Mortgage; Variable/Convertible
Mortgage; Residential Survey; ALTA 9.
- Added
Loan and Owner Endorsements to Blank Endorsement Text Screen.
- Added
Report and Document buttons back to Tracking screen.
- Changed
program to bypass Lender Document Selection questions when
adding title insurance documents.
- Improved
data handling on 1099-S Year End Processing Reports to reduce
reported errors.
Version
10.20.2 Update: Combined
into version 10.20.3
Version
10.20.1 Update: Combined
into version 10.20.3
Version
10.20 CD-ROM Update Release:
Click
here for a copy of the release notes included on the
version 10.20 CD-ROM update disk.
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