Docutech is making changes to Cx3588 and Cx3710, the New York Interest Rate Lock Commitment and New York Prevailing Interest Rate Commitment respectively. During a standard review of the documents, we discovered that the documents have not been configured for Lender eSign functionality. Enabling this feature required making certain changes to the documents.
Both documents contain a section titled “Acceptance of Commitment”. This is how these sections looks on the model form:
Please indicate your acceptance of this Commitment by signing it and returning it to us with the Commitment Fee of $__________ by ____________________.
BY______________________________ DATE:__________________
As the eSign feature automatically attaches the date when the electronic signature is attached to the document, if the Lender uses eSign, the electronic signature will populate after “BY” (and above the “Lender’s Signature” line) and “DATE” and the associated line will be deleted. When eSign is not utilized, neither the signature nor the date will be populated.
These changes will take effect immediately. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.
DR 224339