Loan impact
Summarized from the bulletin · needs reviewApplies to: Correspondent mortgages executed via remote online notarization, along with designated state housing agency loan programs.
- ANDLakeview loan
- ANDRon
- Addressed to
- Lakeview correspondent sellersFrom the publisher, not quoted from the text
- Investor
- LakeviewFrom the publisher, not quoted from the text
- Affected areas
- Score; Data; Products; Condo projectsGuide Section Chapter B406
- Affected documents
- Electronic closing audit log; electronic promissory note
- Effective
- Aug 3, 2026
- Applicability confidence
- Needs review: some rows could not be matched to a quote from the source
Summary by AWACS. Lakeview Correspondent's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)
What changed
Summarized from the bulletin · Section Chapter B406 / Chapter B507| Requirement | Previously | Now |
|---|---|---|
| Electronic notarization audit log deliveryNewRequired | New requirement | Lenders must provide the complete audit trail when delivering loans closed with remote online notarization. |
| Applies when: All loan-impact conditions above | ||
| CalHFA Preferred HomeStyle Refresh availabilityRemoved | Not stated | The renovation product has been withdrawn from eligible purchase offerings. |
| Applies when: State is CA | ||
| CHFA Next Move USDA credit score floorRelaxed | Previously: The investor previously listed a 640 minimum decision score. | The minimum required credit score is 620. |
| Applies when: Program is USDA · State is CT | ||
| Condominium limited and streamlined review eligibilityClarified | Previously: Limited and streamlined review types were previously allowed for eligible projects. | Limited and streamlined reviews are ineligible for condo project approval. |
| Applies when: Type is condo | ||
Also affected: Sections Chapter B406, Chapter B507.
What to do
AWACS interpretation · not source languageWhat to review: Review delivery workflows to ensure complete audit trails are included for remote online notarization closings starting August 3, 2026, while updating underwriting guidelines for CalHFA product removal, the CHFA 620 credit score floor, and condominium review limitations.
Starting August 3, 2026, provide the complete closing audit trail when delivering mortgages executed with remote online notarization.
QC implications
- Sample mortgages closed with remote online notarization delivered on or after August 3, 2026, to ensure the full audit log is included.
- Verify that condominium project approvals do not rely on limited or streamlined review types for applications taken on or after August 3, 2026.
- Check that CalHFA Preferred HomeStyle Refresh loans are no longer delivered and that CHFA Next Move USDA loans meet the updated 620 credit score floor.
Source and record
Version 1 · archivedChecks
Source verified: Passed
The document ID, link and publication date match the official source.
Quotes match the source: Passed
Every quoted passage appears word for word in the official document.
Requirements backed by the source: Passed, adjusted automatically
Anything marked required is backed by the requirement language and dates in the source.
- An independent check could not confirm which way a change moves a rule; it is not marked as required
In scope: Passed
The document is about residential mortgage lending.
Format and labels: Passed
The record follows the AWACS format and uses its standard labels.
Source
- Policy Bulletin C2026-19 (official) ↗ (opens in a new tab)
- Archived copy, SHA-256 df6cecb18ac3…
- Report an error · How versions work