| July 2020 |
Take Advantage of a Complimentary Quick Start to What's New?
- Get up and running quickly with our overview of
the ComplianceOne mortgage changes so you know
what to expect in the new release. To access our
on-demand, recorded, What's New tutorial, select:
What's
New.
Note: Current and past What's New
tutorials can be accessed from the Support
Services website. Select Support Services
Website and log in. Navigate to the
ComplianceOne mortgage product page and select
View All Product Training to access a
complete list of tutorials including the What's
New sessions. Additional Mortgage tutorials can be
accessed from the Tutorial
Videos section in Help.
New Functionality
- The Fannie Mae 1003 Freddie Mac 65 Universal
Residential Loan Application will no longer print
section X. Information For Government Monitoring
Purposes. Previously, the section was available
for non-HMDA transactions when neither the
Demographic Information Collected
Separately nor the Government Monitoring
Information Collected Separately was selected
within the Document Data.
Note: ComplianceOne allows collection of
disaggregated demographic data separate from the
application on the Demographic Information
Addendum or the Government Monitoring Information
document. The Demographic Information Addendum
is available in Document Data if:
- HMDA Applies is selected on the Loan
Definition page or Government Monitoring
Information For ECOA (Regulation B) is
Requested is selected on the Document Data
page; and
- Demographic Information Collected
Separately is selected on the Document Data
page.
The Government Monitoring Information is
available in Document Data if:
- HMDA Applies is not selected on the
Loan Definition page; and
- Both Government Monitoring Information For
ECOA (Regulation B) is Requested and
Government Monitoring Information Collected
Separately are selected on Document Data
page.
In addition, an issue that began with the
June release was resolved. The Fannie Mae 1003
Freddie Mac 65 Universal Residential Loan
Application was selected for non-HMDA transactions
where the Demographic Information Collected
Separately was selected in the Document Data.
This document will no longer display in the
list.
Changes to Interfaces
- The July release does not include updates to
interfaces.
ComplianceOne® Insiders |
| June 2020 |
Take Advantage of a Complimentary Quick Start to What's New?
- Get up and running quickly with our overview
of the ComplianceOne mortgage changes so you know
what to expect in the new release. To access our
on-demand, recorded, What's New tutorial, select:
What's
New.
Note: Current and past What's New
tutorials can be accessed from the Support
Services website. Select Support Services
Website and log in. Navigate to the
ComplianceOne mortgage product page and select
View All Product Training to access a
complete list of tutorials including the What's
New sessions. Additional Mortgage tutorials can be
accessed from the Tutorial
Videos section in Help.
- Select What's New with Docs to review
document changes.
- Select Document List to review
current documents.
New Functionality
- As a continuation of our COVID-19 Emergency
offering, we have now added COVID-19 Emergency
Suspended Payment Forbearance Plan Extension,
which can extend the original forbearance plan, as
well as the COVID-19 Emergency Payment Deferral
Agreement which is to be used when the loan
comes out of forbearance.
Please note
that these forbearance documents should be used
for in-house mortgages ONLY, and they are not
designed to be used for federally- backed mortgage
loans. The Plan is simply the first step in the
process where you are agreeing to forbear a
certain number of payments. The Extension is to be
used to extend the forbearance, if needed, and the
Deferral Agreement will be used to detail the
effect on payments at the end of the forbearance.
We’ve designed these documents to not
require transaction data to complete. You can
complete data entry in these documents in Document
Data. If you recall your first COVID transaction
where you completed a Forbearance Plan, the data
will be reused where applicable on the two new
documents. To use these new documents,
either recall an existing transaction or start a
new transaction, go to the Closing phase, and
select Post Closing package. Under Transaction
Data, the COVID-19 Emergency Suspended Payment
Forbearance Plan Extension and COVID-19 Emergency
Payment Deferral Agreement options will display.
Select the applicable option and complete the
document. 
Note: For an empty
transaction where you do not want to complete the
other pages, simply complete the document. Then,
take one of the following approaches:
- Have an Administrator, with rights to
override validation warnings, override each
transaction to remove the Incomplete watermark as
validation will look for collateral and
calculations data.
- Create a template for these COVID-19
transactions and enter fake collateral with a
property address state, possibly a fake seller,
and fake calculations. This template will avoid
the need to override validation warnings.
Remember: The COVID-19 Emergency documents
do not use data from the transaction, so the fake
data will not affect this document.
Changes to Existing Functionality
- Previously, when a liability was added and
linked to a Real Estate Owned property on the
Financial Analysis page, the liability did not
save after a user left the page. The issue has
been resolved as a part of this release.
Changes to Interfaces
- The June release does not include updates to
interfaces.
ComplianceOne® Insiders |
| May 2020 |
Take Advantage of a Complimentary Quick Start to
What's New?
- eliGet up and running quickly with our overview of the ComplianceOne mortgage changes so
you know what to expect in the new release. To
access our on-demand, recorded, What's New
tutorial, select: What's
New.
Note: Current and past What's New
tutorials can be accessed from the Support
Services website. Select Support Services
Website and log in. Navigate to the
ComplianceOne mortgage product page and select
View All Product Training to access a
complete list of tutorials including the What's
New sessions. Additional Mortgage tutorials can be
accessed from the Tutorial
Videos section in Help.
- The May release does not include updates to the Document List.
- The May release does not include updates to
What's New with Documents.
Changes to Existing Functionality Changes to Interfaces
- The May release does not include updates to
interfaces.
ComplianceOne® Insiders |
| April 2020 |
Take Advantage of a Complimentary Quick Start to
What's New?
- Get up and running quickly with our overview of the ComplianceOne mortgage changes so
you know what to expect in the new release. To
access our on-demand, recorded, What's New
tutorial, select: What's New.
Note: Current
and past What's New tutorials can be accessed from
the Support Services website. Select Support Services
Website and log in. Navigate to the
ComplianceOne mortgage product page and select
View All Product Training to access a
complete list of tutorials including the What's
New sessions. Additional Mortgage tutorials can be
accessed from the Tutorial
Videos section in Help.
Select What's New with Docs to review
document changes. Select Document List to review
current documents. Changes to Existing
Functionality
- Based on customer request, we have implemented
The COVID-19 Emergency Suspended Payment
Forbearance Plan document within ComplianceOne
Mortgage. The forbearance plan should be used for
in-house mortgages ONLY, and is not designed to be
used for federally-related mortgage loans. The
Plan is simply the first step in the process where
you are agreeing to forbear a certain number of
payments. We are in the process of developing a
separate document to be used to extend the
forbearance, if needed, and a separate agreement
that will be used to detail the effect on payments
at the end of the forbearance (i.e. extending the
maturity date and adding the payments to the end
of the loan). These additional documents will be
available at a later date, knowing that within 3
months, you will need to connect with your
customer and make a plan for the end of the
forbearance.
We’ve designed this document to not
require transaction data to complete and you can
completely fill out this document in Document
Data. To use this new document, you are able to
either recall an existing transaction or start a
new transaction, go to the closing phase, and
select Post Closing package. Under Transaction
Data, the COVID-19 Emergency Suspended Payment
Forbearance Plan option will display. Select this
option and complete the document.
Note: For an empty transaction where you do
not want to complete the other pages, simply
complete the document. Then, take one of the
following approaches:
- 1) Have an Administrator, with rights override
validations, override each transaction to remove
the Incomplete watermark as validation will look
for collateral and calculations data.
- 2) Create a template for these COVID-19
transactions and enter fake collateral with a
property state address, possibly a fake seller,
and fake calculations. This template will avoid
the need to override validation warnings.
Remember: The COVID-19 Emergency Suspended
Payment Forbearance Plan does not use data from
the transaction, so the fake data will not affect
this document.
- A change has been made to reflect the Loan
Amount rather than Amount Requested on the HMDA
LAR Record when the Action Taken Type is
2-Application Approved but Not Accepted, 6-
Purchased Loan or 8-Preapproval Request Approved
but Not Accepted. In all other circumstances, the
Loan Amount or Amount Requested will continue to
print as applicable per HMDA § 1003.4(a)(7). The
HMDA Wiz and CRA Wiz interfaces are impacted from
this change.
-
The following ARM Products now require a Floor:
- Fannie Mae: 3502; 3522; 3522.44; 3526;
3528
- Freddie Mac: 3502; 5510; 5531
For each Fannie Mae and Freddie Mac ARM
product, only the Specific Value option is
available in the Floor Definition field on
Calculations page, and Floor Rate is available for
data entry. Your documents have also been updated
to print a floor. Refer to What's New with Docs for more
information about the change to the documents.
In the May Release, we will update the Variable
Rate Policies in Administration to also allow
entry of a floor. In the meantime, if you use a
Variable Rate Policy for one of these Fannie Mae
or Freddie Mac ARM Products, you will be allowed
to enter the floor within Mortgage.
Changes to Interfaces
- The HMDA Wiz and CRA Wiz interfaces are
impacted from the following change. A change has
been made to reflect the Loan Amount rather than
Amount Requested on the HMDA LAR Record when the
Action Taken Type is 2-Application Approved but
Not Accepted, 6- Purchased Loan or 8-Preapproval
Request Approved but Not Accepted. In all other
circumstances, the Loan Amount or Amount Requested
will continue to print as applicable per HMDA §
1003.4(a)(7).
ComplianceOne® Insiders |
| March 2020 |
Take Advantage of a Complimentary Quick Start to
What's New?
- Get up and running quickly with our overview of the ComplianceOne mortgage changes so
you know what to expect in the new release. To
access our on-demand, recorded, What's New
tutorial, select: What's New.
Note: Current
and past What's New tutorials can be accessed from
the Support Services website. Select Support Services
Website and log in. Navigate to the
ComplianceOne mortgage product page and select
View All Product Training to access a
complete list of tutorials including the What's
New sessions. Additional Mortgage tutorials can be
accessed from the Tutorial
Videos section in Help.
Select What's New with Docs to review
document changes. Select Document List to review
current documents. Changes to Existing
Functionality
- Previously, the revised version of URLA was
available for transactions created with a template
that was new or modified as of 2/1/2020, that used
a Document Policy with the following option
checked: Select the Fannie Mae 1003 Freddie
Mac 65 Uniform Residential Loan Application (URLA)
. The current version of the URLA should have
been selected. The issue was fixed on 2/13/20. If
you created a new template or modified a template
with that document policy option checked during
that date range and used it for a transaction, you
can update your existing transactions and
templates so the current version of URLA will be
available on the Document Data page. Please do the
following:
- Refresh the Document Policy for that existing
transaction on the Loan Definition page.
- Reopen the impacted templates.
- As part of the on-going URLA update project,
the Collateral Information section on the
Collateral page has been updated with the
following construction fields: Lot Acquired
Date, Construction Costs, and
Original Cost of Lot. The new version of
the Uniform Residential Loan Application-Lender
Loan Information will use these new fields as of
9/1/2020.
- As a part of our Construction enhancement, we
have added the ability to calculate the interest
only phase of a Construction and Construction/Perm
Loan based on the full commitment amount as
allowed by Appendix D Part I(B) and Part II(A)(2)
of Regulation Z. To use this feature, select
Calculate payments for construction loans based
on the entire commitment amount in the
Calculations Policy within Administration.
Previously we supported calculations only on the
half of the loan amount for the Interest Only
phase of a Construction or Construction/Perm
loans.
Changes to Interfaces
- This release does not include updates to
interfaces.
ComplianceOne® Insiders |
| February 2020 |
Take Advantage of a Complimentary Quick Start to
What's New?
- Get up and running quickly with our overview of the ComplianceOne mortgage changes so
you know what to expect in the new release. To
access our on-demand, recorded, What's New
tutorial, select: What's New.
Note: Current
and past What's New tutorials can be accessed from
the Support Services website. Select Support Services
Website and log in. Navigate to the
ComplianceOne mortgage product page and select
View All Product Training to access a
complete list of tutorials including the What's
New sessions. Additional Mortgage tutorials can be
accessed from the Tutorial
Videos section in Help.
Select What's New with Docs to review
document changes. Select Document List to review
current documents. Changes to Existing
Functionality
- As part of the on-going URLA update project,
the assets list on the Financial Analysis page has
been rearranged into two sections: Assets and
Purchase Credits. Lot Equity and
Relocation Funds were added as purchase
credit types and will print in the Assets section
of Credit Application Real Estate and Fannie Mae
1003 Freddie Mac 65 Universal Residential Loan
Application documents until the revised URLA is
supported.
- Previously, if the USDA Technology Fee was
added to a fee policy, the fees in that fee policy
were not pulled into the transaction. Changes were
made so fees added to a fee policy will be
included in a transaction when the USDA Technology
Fee has been added to a fee policy.
Changes to Interfaces
- Secure Document Exchange (SDX) has been
renamed to Wolters Kluwer E-sign. If you are
licensed for Secure Document Exchange
(SDX),"Wolters Kluwer E-sign" will display in
areas that previously displayed Secure Document
Exchange (SDX).
ComplianceOne® Insiders |
| January |
Take Advantage of a Complimentary Quick Start to
What's New?
- Get up and running quickly with our overview of the ComplianceOne mortgage changes so
you know what to expect in the new release. To
access our on-demand, recorded, What's New
tutorial, select: What's New.
Note: Current
and past What's New tutorials can be accessed from
the Support Services website. Select Support Services
Website and log in. Navigate to the
ComplianceOne mortgage product page and select
View All Product Training to access a
complete list of tutorials including the What's
New sessions. Additional Mortgage tutorials can be
accessed from the Tutorial
Videos section in Help.
Select What's New with Docs to review
document changes. Select Document List to review
current documents. Changes to Existing
Functionality
- As a part of the on-going URLA update project,
the Monthly Rent option has been removed
from the Physical Address section on the Parties
page. The Monthly Rent amount will now be based on
the amount entered for the Rent liability entered
on the Financial Analysis page and default to the
revised URLA when it is available in a future
release.
- Previously, details entered for an asset type
on the Financial Analysis page did not save unless
the tab key was used or another field was selected
on the Financial Analysis page after entering the
details. This behavior was changed so the details
entered for the asset will save if you leave the
Financial Analysis page after entering the data.
Changes to Interfaces
- This release does not include updates to
interfaces.
ComplianceOne® Insiders |