Chicago and Commonwealth MA

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1 09, 2021

Payoff Fraud

By |2021-09-23T13:58:33-04:00September 1st, 2021|Categories: COVID-19 Updates, Underwriting Bulletins|

DATE: September 1, 2021
TO: Massachusetts Agents and Approved Attorneys
FROM: Massachusetts Underwriting Department
RE: Payoff Fraud


Mortgage payoff fraud is on the rise. Both the Secret Service and FBI have issued advisories due to the sharp increase being reported in real estate transactions due to the large volume of sales and refinances occurring.

In […]

17 06, 2021

Extension of Virtual Notarization Act and Underwriting Guidelines

By |2021-09-23T15:03:05-04:00June 17th, 2021|Categories: COVID-19 Updates, Underwriting Bulletins|

DATE: June 17, 2021
TO: Massachusetts Agents and Approved Attorneys
FROM: Massachusetts Underwriting Department
RE: Extension of Virtual Notarization Act and Underwriting Guidelines


This Memo is an update of our prior Memo dated April 30, 2020. The prior Memo sets forth our Underwriting Guidelines in connection with the legislation enacted […]

4 05, 2021

New FinCEN Geographic Targeting Order Issued – May 2021

By |2021-09-23T13:57:37-04:00May 4th, 2021|Categories: Underwriting Bulletins|

DATE: May 4, 2021
TO: Massachusetts Agents and Approved Attorneys
FROM: Underwriting Department
RE: New FinCEN Geographic Targeting Order Issued


FinCEN has issued a new Geographic Targeting Order dated April 29, 2021 (the “New Order”) which applies to covered
transactions in which the date of closing is May 5, 2021 through October […]

12 02, 2021

Underwriting approval for foreclosure auctions conducted on or after March 10 2020

By |2021-09-23T15:02:55-04:00February 12th, 2021|Categories: COVID-19 Updates, Underwriting Bulletins|

DATE: February 12, 2021
TO: Massachusetts Agents and Approved Attorneys
FROM: Underwriting Department
RE: Underwriting approval for foreclosure auctions conducted on or after March 10, 2020


On March 10, 2020, Governor Baker declared a State of Emergency due to the outbreak of COVID-19 (as thereafter amended, the “COVID State of Emergency”) which, among […]

9 11, 2020

New FinCEN Geographic Targeting Order Issued – November 2020

By |2021-09-08T14:21:46-04:00November 9th, 2020|Categories: Underwriting Bulletins|

DATE: November 9, 2020
TO: Massachusetts Agents and Approved Attorneys
FROM: Underwriting Department
RE: New FinCEN Geographic Targeting Order Issued


FinCEN has issued a new Geographic Targeting Order dated November 4, 2020 (the “New Order”) which applies to covered transactions in which the date of closing is November 6, 2020 through May 4, […]

28 08, 2020

Rhode Island Closing Protection Letter Fee Increase

By |2021-09-08T14:22:05-04:00August 28th, 2020|Categories: Underwriting Bulletins|

DATE: August 28, 2020
TO: Rhode Island Agents and Approved Attorneys
FROM: Thomas Flynn, Massachusetts State Manager
RE: Rhode Island Closing Protection Letter Fee Increase


Please note that effective March 5, 2020 the Rhode Island Closing Protection Letter (CPL) fee was increased from twenty five dollars ($25.00) to thirty five dollars ($35.00). […]

10 05, 2020

New FinCEN Geographic Targeting Order Issued – May 2020

By |2021-09-08T14:17:38-04:00May 10th, 2020|Categories: Underwriting Bulletins|

DATE: May 10, 2020
TO: Massachusetts Agents and Approved Attorneys
FROM: Underwriting Department
RE: New FinCEN Geographic Targeting Order Issued


FinCEN has issued a new Geographic Targeting Order dated May 8, 2020 (the “New Order”) which applies to covered transactions in which the date of closing is May 10, 2020 through November 5, […]

30 04, 2020

Guidelines for remote/video notarization during the COVID-19 crisis

By |2021-09-23T15:03:43-04:00April 30th, 2020|Categories: COVID-19 Updates, Underwriting Bulletins|

DATE: April 30, 2020
TO: Massachusetts Agents and Approved Attorneys
FROM: Massachusetts Underwriting Department
RE: Guidelines for remote/video notarization during the COVID-19 crisis


On April 27, 2020, An Act Providing for Virtual Notarization to Address Challenges Related to COVID-19 (the “Act”) was signed into law. The Act went into effect […]

8 04, 2020

Underwriting Flexibility and Practice Tips during the COVID-19 Emergency

By |2021-09-23T13:42:35-04:00April 8th, 2020|Categories: COVID-19 Updates, Underwriting Bulletins|

DATE: April 8, 2020
TO: Massachusetts Agents and Approved Attorneys
FROM: Massachusetts Underwriting Department
RE: Underwriting Flexibility and Practice Tips during the COVID-19 Emergency


What a long year these past few weeks have been!

With this in mind, we have created underwriting flexibility and compiled practice tips to be in effect during the […]

3 04, 2020

Funding First

By |2021-09-23T13:43:07-04:00April 3rd, 2020|Categories: COVID-19 Updates, Underwriting Bulletins|

DATE: April 3, 2020
TO: Massachusetts Agents and Approved Attorneys
FROM: Massachusetts Underwriting Department
RE: Funding, First


Just a reminder, while you are dealing with curbside closings, e-recording, and limited Registry access: You must be fully funded by the lender before you send the documents for recording.

This used to mean that you would put […]

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