What's New 2025

Updated the Special Feature Codes list to include new options (Loan Product Advisor and Appraisal Waiver) for loans exported through Fannie Mae ULDD that were underwritten by the Freddie Mac Loan Product Advisor® (LPA) underwriting system. On the Loan Origination page of the Fannie Mae ULDD interface, you can now select Loan Product Advisor or Appraisal Waiver in the Special Feature Codes list.

Added limited support to include licensed lenders as an organization. This new feature allows for the setup of certain licensed lenders at the organization level by selecting a Mortgage Company as an Organization Type in Administration. This new feature includes the addition of new fields to collect information about licensed lenders. As part of this new feature, the underlying schema and data mapping were revised accordingly for certain licensed lender specific forms.

• FHA VA Charges Disallowed for Payment by Buyer Disclosure
• Hazard Insurance Authorization and Requirements
• Limited Durable Power of Attorney to Correct Documents
• Tax Information Form

• Automated Valuation Model Disclosure-CA
• Finance Lender Disclosure-CA
• Notice for Mailed Applications-CA

• Attachment to Loan Application-DC
• Financing Agreement-DC

• Borrower Information Document-IL
• Escrow Account Disclosure Agreement-IL
• Failure to Close Disclosure-IL
• Notice for Mailed Applications-IL
• Notice of Placement of Insurance-IL

• Financing Agreement-MD

• Mortgage Origination Agreement-MS

• Application of Payments Disclosure-NH

• Property Insurance Election Disclosure-PA

• High Cost Mortgage Disclosure-UT

Modified the fulfillment workflow to automatically exclude parties from the electronic signature workflow if they are not designated as signers to the document package. Previously, an error in the e-signature processing occurred when non-signer recipients (with address information entered into the Print Fulfillment Information pane) are included in the SmartSign Plus Print Fulfillment page. With this revision, non-signer parties with mailing address information are properly excluded without error.

To provide support for loans exported through Fannie Mae ULDD that were underwritten by the Freddie Mac Loan Product Advisor® (LPA) underwriting system, we have added the system to the list of available Automated Underwriting Systems. On the Loan Origination page of the Fannie Mae ULDD interface, when the underwriting system is "Other", you can now select Loan Product Advisor. On the same page, the Automated Underwriting label was changed from Desktop Underwriter ID to Case ID for greater clarity.

Corrected an issue that prevented Closing Cost Funds options from being created when an existing item of the same type was already created on the Closing Costs Funds panel in the Closing Disclosure page. The expected behavior is that only one instance of Closing Cost Fund items can be created for each type 1) Deposit on Sales Contract or 2) Excess Deposit. The limit of adding a total of two Closing Cost Fund items remains in place.

Corrected an issue that where lender credit information present in the application phase was not properly transferred to the closing phase of a transaction. This issue resulted in incomplete data and invalid submissions to Freddie Mac and Fannie Mae.

Updated the Assumption Conditions section to now include a Customer to Provide checkbox option. When selected, this indicates that the customer is responsible for supplying a particular artifact or information. This new option is designed for use in multiple scenarios, including custom content, to allow a lender to set certain terms and requirements for documents or application workflow and business rules. The selected conditions are listed on the Notice of Incompleteness Letter in the Customer to Provide section.

Corrected an issue related to the Total Units field reporting the number of units sum on the HMDA Reported Collateral page. The "Total Units" reported should include the total units across all collateral, the issue was that only the number of units for the selected collateral were included in the Total Units sum. This correction ensures that the total units reflects the sum across multiple collateral (as set in the Collateral Details in the "# of Units" field.

Corrected an issue that caused the layout and positioning of information on the Loan Origination tab of the ULDD interface to display incorrectly when the rate spread on the submitted loan was a negative value. The issue occurs in both the Fannie Mae (Annual Percentage Rate (APR) Spread field) and Freddie Mac (HMDA Rate Spread Percent field) interfaces.

Updated how the SmartSign® Plus feature handles signature processing:

• Removed the package expiration date option. The option to include an expiration date for packages was removed due to rules that prevent signatures from being permitted on expired packages. When the Package will be transferred to Closing Center option is selected, the package expiration type is set to Never.
• Disabled the Use Automatically Generated Date for Signature Date Fields option associated with packages that displayed on the Print page. The option, a checkbox, was disabled to prevent signature dates from changing to a date prior to the actual signature date.

See eOriginal SmartSign® Plus for more information.

Added the ability to configure package carrier options available for fulfillment when using an eSign Policy. You can select carriers from a list of supported carriers to limit (or expand) the package carriers options available for print fulfillment on the Print Fulfillment Information section. When not using a policy, the options include USPS First Class and USPS Priority.

Updated the data mapping for requests using the MISMO v3.4 schema to now include rounding on SOFR index values to adhere to best practice guidance published by Freddie Mac and Fannie Mae. The agencies support a maximum of 4 decimal places and an error message was returned when an adjustable-rate percent value exceeded the 4 decimal limit. The issue was resolved by updating the calculations to now round the rate value when containing 5 or more decimals prior to submitting.

Corrected an issue that caused line spacing errors on the printed amortization schedule. The issue resulted in split payment lines on the generated PDF of the Amortization Schedule (Calculations tab).

As part of our commitment to security, we have updated all integrated applications (interfaces) to ensure that all imported files are processed through our enterprise antivirus and malware detection systems prior to entering the application as file attachments. This effort is aimed at reducing the risk of application users downloading potentially malicious files to their computer or network.

As part of our commitment to security, we have updated the Vanceo application to ensure that all uploaded files are processed through our enterprise antivirus and malware detection systems prior to entering the application as file attachments. This effort is aimed at reducing the risk of application users downloading potentially malicious files to their computer or network.

Updated the Fees section to include an additional option, Closing Agent, in the Paid By Description list when the Paid By option is set to Other. This update allows you to specify the party paying for a fee as the closing agent in the loan information submitted through the Loan Product Advisor (LPA) interface.

Updated the Freddie Mac Loan Product Advisor® (LPA) interface to allow viewing and saving of verification services information in the Verification Services section of the LPA Interface View page.

Added the Appraisal Waiver option to the Valuation Method drop-down list. This update enables support for ACE+ PDR collateral valuation to originate eligible loans without an appraisal through the Loan Product Advisor (LPA) interface.

The appraisal waiver valuation method lets the lender obtain the automated collateral evaluation (ACE) + property data report (ACE+ PDR) to reduce the cost to the borrower. When the feedback indicates that collateral is eligible for ACE+ PDR, the lender will let the appraiser know to order the PDR through the Appraisal Management Company. The appraiser then submits the PDR through the ACE API interface to obtain an ID for the property (PropertyDataIdentifier). This identifier is then entered on the Appraisal Identifier field and resubmitted to obtain the Collateral R&W relief on the appraisal.

Added the ability to designate a "short" name for fees in Administration under the Fees & Charges page. The new field, Fee Short Name, is optional and allows you to enter a text description for the given fee in Administration. With this change, the User Fee Name field has been renamed to User Defined Fee Name. Previously, a Fee Short Name option was only available at the transaction level. When a fee is added to a transaction from a fee policy on the calculations page, the fee short name is included in the transaction and printed on documents.

Corrected an issue in the transaction date value that resulted in the template create date and not the transaction create date being used when creating transactions from a template. Specifically, the non-TRID application date was incorrectly defaulted to read the template create date. For existing transactions, you can correct this by editing the document in the transaction's document data page or clearing (removing) the date from the template on documents displayed on the document data page.

Corrected an error when attempting to transfer loans from an outside platform to a Vanceo account. The issue prevented loan information (loans) from other platforms such as ComplianceOne Lending or ARTA from successfully importing to the platform and, as a result, the loans were not available in the list of transactions (transaction grid).

Updated to the newest specification, version 5.4, for Loan Product Advisor® (LPA). With this change, the LPA specification v5.2 will be retired on March 1, 2025, and all transactions will use the new v5.4 specification. This new specification is now included in all requests submitted on the MISMO 3.4 specification.

With this change, you can now send assumption loans to underwriting using ComplianceOne assumptions. This applies to the loans that were previously underwritten by Freddie Mac. When submitting an assumption for assessment in LPA, select the Assumption of the FRE Owned Loan loan program identifier on the LPA interface view.

Learn more about the Loan Product Advisor Specification v5.4.