Unsupported Features
The following transaction features will not be available within ComplianceOne mortgage and are not currently planned for future support. These items will be considered if there is sufficient market need.
| Product, Transactions, and Transaction Flexibilities Not Supported |
| Channel Sources Not Supported |
| Correspondents |
| Finance Company |
| Mortgage Companies/ Mortgage Brokers |
| Mortgage Products Not Supported |
| Cooperative Housing Real Property Loans |
| Fannie Mae - Standard Growing Equity [3255] - Standard Fixed/Adjustable Rate, Index =10 Year Treasury [3263] - Standard Biweekly with or without conversion [3264, 3265] - Standard Adjustable Rate, Index = 1 Year CMT, Programs = 3501,3503,3508,3523 - Standard Adjustable Rate, Index = 1 Year WSJ LIBOR, Programs = 3525,3527,3529 - Standard Adjustable Rate, Index = 3 Year CMT, Programs = 3504,3505 - Standard Adjustable Rate, Index = COF, Programs = 3510,3511 - Negotiated Texas Home Equity, Convertible, Index = 1 Year CMT [3523.44] - Negotiated Texas Home Equity, Non-Convertible, Index = 1 Year WSJ LIBOR [3528.44] - Negotiated Texas Home Equity, Convertible, Index = 1 Year WSJ LIBOR [3529.44] - Negotiated Texas Home Equity, Non-Convertible, Index = 10 Year CMT [3263.44] - Negotiated Adjustable Rate, Index = 5 Year CMT [3514] - Negotiated Navajo Nation Mortgages [3270] |
| Freddie Mac - Affordable Merit Rate Product [3294] - Standard Adjustable Rate, Index = COF [3510] - Standard Adjustable Rate, Index = 1 Year CMT, Programs = 3501,5511,5512,5513 - Standard Adjustable Rate, Index = 1 Year WSJ LIBOR, Programs = 5530,5532,5533,5534 - Standard Adjustable Rate, Index = 3 Year CMT [3504] - Standard Adjustable Rate, Index = 6 Month WSJ LIBOR, Programs = 5522,5524 |
| FHA Title 1 Manufactured Home Loans FHA Second Mortgages/Liens |
| FHA Streamline Refinance |
| Home Affordable Refinance Program (HARP) |
| Leased Properties |
| Making Home Affordable Modification Programs (HAMP) |
| Mortgage loans to unincorporated U.S. Territories - Guam, U.S. Virgin Islands, Puerto Rico |
| Mortgage loans beyond 51 jurisdictions |
| Reverse Mortgages |
| State Housing Authority Loans |
| Mortgage Documents Not Supported |
| Documents for Secondary Market Investors other than Fannie Mae, Freddie Mac, or HUD/FHA |
| Electronic Booklets - HUD Settlement Cost Disclosure, Consumer Housing Adjustable Rate Mortgage Disclosure |
| Freddie Mac Master Form/Short Form Security Instruments |
| Servicing Workflow Phase Documents |
| Spanish or Bilingual Documents [except those mandated by regulation] |
| Transaction Features or Additional Capabilities Not Supported |
| Buy Downs - Temporary |
| Credit Life and Disability Insurance offered and documented with the mortgage loan |
| Collateral: Manufactured Homes Unattached to Real Property; Personal Property Residences (other than Mobile Home); Titled Goods |
| Debt Cancellation and Bundled Debt Cancellation offered and documented with the mortgage loan |
| Configure use of Maturity Date on Security Instruments Due to associated business/compliance risk, we will not be providing this capability in our standard product. Customer can engage Professional Services for custom documents if critical to their business. |
| Configure printing of Interest Rate on Security Instruments Due to associated business/compliance risk, we will not be providing this capability in our standard product. Customer can engage Professional Services for custom documents if critical to their business |
| Use of Electronic Signatures on documents |
| Negative Amortization |
| No Cost Loans |
| Parties to the Transaction - Entities other than Individual, Sole Proprietor, Trust, or LLC |
| Payment Frequencies: 73 Days, Bi-monthly, Semi-annually, Semi-monthly, Weekly |
| Preferred Rates |
| Prepayment Penalties |
| Private Mortgage Insurance – on Installment loans with Balloon payment |
| Repayment Methods: Mixed Principal and Interest, Level Principal Reduction, Irregular Payments |
| Skip Payments |
| Solve for term Calculations |