What's New 2023

Modified the administration module to enable the collection of middle name values on the Contacts and Organization Details pages. With this enhancement, the middle name of a loan officer and any contact will print in transactions including the Deed of Trust Notary section and application, loan definition, and collateral pages. For existing transactions, you must refresh the contact page after adding a middle name to ensure the middle name is included in the transaction.

Corrected an issue that caused the collateral (property) owner date of birth (DOB) to not be included in data submitted to OneSumX CDD as expected. On the Customer Due Diligence page, a Collateral Owner Date of Birth field was added to ensure the collection of the date of birth and subsequent inclusion in the data submitted to OneSumX CDD.

Corrected a defect on the Loan Definition and Template Loan Definition pages that prevented an empty (blank) value in the Policy Group drop-down list from being saved. Previously, when a policy group had a value selected, you could not change and save the Policy Group as blank.

Corrected an issue that caused the file download feature in the Fannie Mae Version 3.4 Exports interface (also known as MISMO 3.4 exports) to fail. The issue was resolved by modifying the download feature in the interface to adhere to all security protocols related to enabling file downloads.

Removed the 11th District FHLB Cost of Funds index option. The index is discontinued and no longer available in Administration or as an option on the Calculations page for new transactions. The index, if selected, remains valid and is used on existing transactions.

The 11th District FHLB Cost of Funds index option was removed as an option from the list of supported indexes in Administration and the Index Name lists on the Calculations page, in templates, and on the Variable Policies in the Administration. On the Calculations page, a informational message was added indicating the index is no longer supported in cases where an existing policy or template is applied to a new transaction.

Corrected an issue that caused the status and calculated fee amounts to display inaccurate values on the Closing Phase Fees section. The status field on the Closing Phase Fee section was incorrectly indicating a Changed status in cases where no changes were applied and certain calculated fee amounts (Calculated Amt values) were not properly reflected on the Fee section.

Corrected an issue that allowed buydown options to appear as an editable option on the Notes section in the Document Data page. Prior to this correction, the Temporary Interest Rate Buydown option was available for editing.

Corrected an issue that caused the Housing Counseling Agencies Notice to fail to display results for the 71051 ZIP Code when entered on the collateral for parties on the transaction. The expected result is that 10 closest housing counselors to the ZIP Code are returned.

Corrected an issue that caused email notifications, based on user-defined settings and preferences, to not be delivered correctly. The issue was specific to cases where a CASH Suite customer attempted to registered with Vanceo.

The CBC Innovis Credit Reporting credit service, also known as the Kroll Factual Data credit service, has been changed to Factual Data by CBC in ComplianceOne and Vanceo Mortgage. All references to the CBC Innovis Credit Reporting interface have been replaced by Factual Data by CBC. This is the result of a brand unification effort by CBC Innovis and the Kroll Factual Data credit bureaus under the Factual Data brand name. Customers of this service have been migrated to use the Factual Data by CBC interface.

Corrected an issue that caused the Variance Type on the Calculations > Fee Details panel to incorrectly indicate 0% when the paid to/paid by is set to Lender. This leads to the associated fee being improperly identified on the Closing Disclosure document as Paid By Lender and Lender Credit. The expected behavior is that the Variance Type updates to a blank value and is a non-editable field.

Corrected an issue where the Refresh button in the Settlement Agent Contact list (on the Loan Definition page) was not displayed properly and prevented the selection of a settlement agent from the list of options.

Fixed an issue that caused the Calculations page to not display when opened.

Updated the integration model for Finastra Fusion Originate Mortgagebot. This updated integration establishes a seamless process to import loan information from the Mortgagebot loan origination solution directly into ComplianceOne using the Mortgagebot Interface feature in ComplianceOne. This model supports the MISMO® Industry Loan Application Dataset (iLAD) specification.

Modified the application to remove the General Qualified Mortgage (QM) rule type for new transactions. The option to select the General QM on the Loan Definition page is no longer available and policies were updated to now use the Revised General QM option. The General QM option remains valid on existing transactions, however, if an existing transaction is refreshed the value will be reset to the Revised General rule. The General QM option is no longer available on the Administration > Loan Definition Policies Type, the Loan Definition page, Policies page, or templates.

Enabled electronic signature on the Authorization to Release SSN Verification (SSA-89). To support the Social Security Administration (SSA) electronic signature requirements, an option to self-identify as a permitted entity for the electronic Consent Based Social Security Number Verification (eCBSV) service is now available in the Organization Settings pane in the Organization Information page.

To electronically sign the Authorization To Release SSN Verification (SSA-89), an organization must be a permitted entity and qualified participant in the electronic Consent Based Social Security Number Verification (eCBSV) service. The option is available to the admin role and the organization must click Save to confirm status as a qualified participant for the eCBSV service.

Once selected, all new transactions are automatically enabled for e-signature capabilities for the Authorization To Release SSN Verification document. For existing transactions or copies of existing transactions, refresh the organization information on the Application/Loan Definition page to electronically sign the form. The Authorization To Release SSN Verification can be signed by a borrower, cosigner, and an authorized representative who will be signing on behalf of the SSN holder. The name of the authorized representative can be entered in the SSA Signer Name field on the Document Data page.

Corrected an issue where real estate brokers, entered as contacts in Administration, were not available in the Buyer's Real Estate Broker/Seller's Real Estate Broker drop-down lists on the Collateral page of a transaction. The issue would occur when the list of contacts exceeded 10 contacts. The issue was resolved and all entries from the Administration contact list now are available for selection in the Collateral Details page.

Corrected an issue where changes to a process (for example, removing a process and replacing it with another) on a loan transaction did not properly save to the Loan Definition page on the transaction. This issue occurs as the process changes are not displayed in the Loan Definition page properly when the changes are saved.

Corrected an issue where updated escrow amounts on the closing phase are not properly updated to the Fees and Charges Detail section on the Loan Information Report. The report is included in the closing phase when the Include the Loan Information Report option is selected on the Document Data tab.

Corrected an issue where the total amount of fees from the Services Borrower Can Shop For fees did not correctly print on the Loan Estimate or Loan Estimate Addendum. The section, Services Borrower Can Shop For, allows you to enter fees that are then included on the Loan Estimate and Loan Estimate Addendum. When the number of fees exceeded 13 individual fees, the total was incorrectly printed a 0 (zero) on the forms.

Added validation to the date fields on the Calculations page to require a four-digit year (DD/MM/YYYY) on the Funding Date, Note Date, First Payment Date, and Closing Date fields in the loan terms section. If the year value on a date is not entered as a four-digit number, an invalid date warning message is shown on the page. The allowed date range is 01/01/1836 to 12/31/2500 and the year must contain 4-digits. These dates are printed on the Closing Disclosure and certain other notes.

Modified the Application page to permit changing the type of collateral on an existing collateral. You can now edit the existing collateral and simply select a different collateral option in the Collateral Type drop-down list. You no longer need to remove the existing collateral entry and create a new collateral entry.

Corrected an issue where the Unique ID associated to a signer on collateral printed on Mortgage forms. The Unique ID is now suppressed and no longer prints on Mortgage forms.

Enabled the First Filer Authorized Representative and Second Filer Authorized Representative to electronically sign the Request for Transcript of Tax Return IRS 4506C IVES. The Authorized Representative is the person who has been delegated the authority by the taxpayer to sign on their behalf. Once entered on the form, the parties are available as Recipients on the Print page to collect additional email and mailing address information required for electronic delivery.

Corrected an issue to include the employment monthly income amount for all (multiple) employers on the transaction. In cases where a borrower had multiple employment lines on the Employment and Income section of the Party page, the employment monthly income amount calculation included only the first and last entry.

A hotfix to the CBCInnovis/Factual Data credit reporting service was introduced on June 22, 2023. With this hotfix, the format of the consumer credit report returned when requesting a CBC credit report changes from an HTML version of the report to a PDF version of the report. The PDF version provides greater print options and limits potential formatting errors common in the HTML version.

The Closing Instructions document can now be viewed within the application in the Closing Phase by selecting the Include Closing Instructions Document option in the Transaction Data section on the Document Data page. The Closing Instructions document is used to provide instructions to closing agents to carry out the procedures to close the loan and transfer the title. This version has additional lines for property taxes, earthquake insurance, and the aggregate analysis adjustment.

See How do I add the list of Enclosed Documents on the Closing Instructions?

Revised the URLA and RCA documents to print individual income items in the Gross Monthly Income tables for self-employed parties. On the documents, the Current Employment/Self-Employment and Income section (Section 1b/1c) prints individual income categories and includes them in the total calculation (these include base, overtime, bonus, commission, and other incomes) when the party is defined as a Business Owner or Self-Employed with an ownership share of less than 25% for either current or previous employment on the Employment Information page. The revision also disables the Military Entitlements gross monthly income option and sets the value to 0.00 for purposes of income calculations.

Revised the Automatic Transfer Authorization Plain Language document to establish a common source for the account number. The account number previously was associated with two unique data points in the schema; this change establishes a common data point for the Account Number for Payment Withdraw on the Automatic Transfer Authorization Plain Language document as: /Txn/Notes/Note/AutomaticWithdrawalDepositAccountIdentifier.

Revised the Agreement To Provide Insurance document to 1) add a new section, Proof of Coverage, below the Additional Terms section, 2) update the alternative address, Evidence of Insurance, to include an Entity Name field that will print on the proof of coverage (if the alternative address is not included, the organization information is printed), 3) updated the Applicable Law State section to only print when the organization jurisdiction is NY or CA and, 4) changed the Status section to no longer print checkboxes.

On the Administration Policies, two new options were added to the documents policy. The options, Include lender signature on the Agreement to Provide Insurance and Include insurance company signature on the Agreement to Provide Insurance, determine the signature to print on the form. In addition, the Insurance Company and Insurance Agency and Agent have been moved to the Description of Property section.

Corrected an issue when processing Freddie Mac loans when entering an employer alias name to the Current Employer in a transaction that also includes a Previous Employer. The alias name resulted in an error preventing the submission of a loan to the Freddie Mac Loan Product Advisor (LPA) interface.

Corrected an issue when processing Freddie Mac loans set as No Cash Out Refinance resulted in an error preventing the submission of a loan to the Freddie Mac Loan Product Advisor (LPA) interface.

Corrected an issue preventing new or updated alternative address information from taking effect on transactions. Previously, changes to alternative address information on an existing transaction did not update on documents. With this release, changes to alternate address information (in Administration) appear on documents on the Loan Definition or Application page after refreshing the organization

Corrected an issue where the loan terms and projected payments displayed incorrectly on the Loan Estimate and Closing Disclosure forms. An error message displayed on the print page when the initial rate hold wasn't an even number of years. The change saves the ceiling rate and the documents print correctly.

Enhanced several areas to adhere to Uniform Loan Delivery Dataset (ULDD) Phase 4a data requirements for Fannie Mae and Freddie Mac transactions.

• Modified the Other Party Identifiersgroup in the Fannie Mae Uniform Loan Delivery Dataset (ULDD) interface to include the Housing Finance Agency as an option in the Other Party Type list.
• Updated the list of options on the MI Company Name Type When Other list to rename Genworth to read Enact and remove CMG from the list of available options in the MI Company Name Type list in the Fannie Mae Uniform Loan Delivery Dataset (ULDD).

Added the ability for the Second Filer to electronically sign the Request for Transcript of Tax Return IRS 4506C IVES document as part of Wolters Kluwer e-Sign Interactive Signing. The second filer, entered on the Document Data, is available within the Recipients section on the Print page. On the Recipients section, the second filer email and mailing address is required for electronic delivery.

An email address field has been added to the Evidence of Insurance alternative address. The email address is email to which evidence of insurance can be submitted by the borrower and it prints to the Collateral Protection Insurance Notice Subsequent – NJ document which applies only to the State of New Jersey.

Enabled Settlement Agent and Settlement Agent Contact Person data for electronic signatures as part of E-Sign Interactive Signing. The Settlement Agent and Settlement Agent Contact Person parties are displayed on the Recipient's grid on the Print page and can be selected for electronic signing. WK E-Sign Interactive Signing must be selected at the account and organization levels in Admin. On the Print page, select Use WK E-Sign and both the Signature Required and Interactive Signing options.

The IVES participant name, address, and SOR mailbox ID, Address type has been updated to include Description and Phone Number fields.

Modified security measures around session expiration when working in multiple applications or application pages. When working in both the Vanceo and ComplianceOne applications concurrently, both sessions should close (expire) together. The issue in session handling occurred in cases where the Vanceo session expired but the ComplianceOne session was not properly expiring as expected when working in the ComplianceOne loan and transaction details. The issue was fixed by modifying how authentication rules are applied when a session expires.

An issue was corrected where users couldn't perform HMDA actions such as Geocoding, calculating the Rate Spread, and submitting to HMDA Wiz when a liability has the Simultaneous Loan Against the Subject Property checkbox checked.

The number of supported alias names for a party was expanded from two to eight. With this change, an individual or sole proprietor can now have up to 8 alias names associated with the party in a transaction and the Party details section.

In the Party details section, for all individuals and sole proprietors, you can add up to 8 alias names by clicking the [plus] icon next to the Alias option. An alias name can also be removed by clicking the [X] delete icon. An alias name comprises a first name, middle name, last name, and suffix.

This change ensures that the established state entered in the Trustee section of a collateral page is populated on the Deed of Trust form(s). With this change, the requirement to select the Established in State option on the form(s) is no longer required. When the propriety security instrument is opened, the Trustee information entered on the Collateral Details page is printed on the forms.

The Request for Transcript of Tax Return IRS 4506C IVES document (October 2022 revision) is now available. The updated version includes changes and additions to the form and enables support for client company and authorized representatives.

Updated the Party Details page to allow the designation of a current employer as the primary employment for the borrower by selecting the Is This Primary Employment checkbox in the employment information section. The option is available for current employment exclusively and can only be applied to a single current employment. When selected, the employment will be set in section 1b of the URLA. If the option is not selected, then the primary employment is determined based on the employment with the most recent start date.

The Select 2021 Fannie Mae/Freddie Mac Rewrite Documents checkbox has been removed from the Document Data page. This checkbox allowed a user to switch between old and revised versions of Fannie Mae/Freddie Mac forms. The checkbox is no longer needed as starting from January 1, 2023, all transactions should use the revised Fannie/Freddie documents.

For more information, refer to: Fannie Mae/Freddie Mac Revised Documents

Virginia Recordable Documents

There is a known issue on the Virginia recordable documents where an extra combination of symbols "</u>" are printing next to some of the surnames shown on the forms. This is a display error only and is limited to the Document page. The PDF generation of the Print page is working correctly. The issue will be resolved in a future release.