What's New 2021

After deleting a co-applicant in a transaction, the party name may have been missing from the Transaction Grid and did not appear when searching for a party. This issue was resolved in this release.

After moving between the Transactions Summary grid and Transaction details, the borrower or primary applicant did not display on the Transactions grid. With this release, the parties will display after accessing the sections.

Previously on a loan with two borrowers (one borrower as a co-applicant), the co-applicant displayed in the transaction summary row in Party column on the Transaction grid instead of the primary borrower after leaving the Transactions Grid and making changes to the transaction. This issue was resolved in this release.

The Not Hispanic or Latino option will be now be saved after it is selected in the Demographics section on the Application page after selecting Hispanic or Latino. In prior versions, the selection did not save.

A user can now make changes on Collateral Details page and the changes will save correctly when using the Fannie Mae 3.2. Previously, the changes did not save and collateral had to be deleted and re-added when it was imported.

The Related Parties for Collateral Owner as a Trust has been updated to have a Trustor instead of an Owner relationship. In addition, the data about the Trustor (name, contact information) is now defaulted to the documents including the Addendum to Loan Application. For any collateral owners that are not trusts, the option will still be called Owner.

Previously, if Prepay Odd Days was selected in the Terms of the Loan section on the Calculations page and the calculated prepaid interest resulted in a negative value, 'Processing' displayed over the Fees grid. The issue has been resolved.

Previously, a user could edit the Late Charges section when working in another organization that shared the same Late Fee policy even though the Allow User to Edit Late Charge in Transaction was not selected. This issue was resolved and now, the Late Fee policy will retain the setting when working in an organization that shares the Late Fee policy.

Previously, when two borrowers were selected as co-applicants on a URLA loan, the Type of Credit on the URLA indicated individual credit and the total number of borrowers displayed as empty. This was changed so now, the Type of Credit will indicate joint credit and 2 for the Total Number of borrower.

When Fannie Mae transaction is selected and the Fannie Mae ULDD Interface for Export is run, 868 Refi will now display in the drop-down list in the Special Feature Codes section. When Freddie Mac transaction is selected and the Freddie Mac ULDD Interface for Export is run, J05 Refi Possible Mortgage will now display in the drop-down list in the Special Feature Codes section.

Previously, when a party was imported into a transaction from JH 20/20 and JH Core Director that did not have a borrower listed on the transaction, an error displayed when creating a new party. This issue was corrected in this release.

Starting in November, ComplianceOne supports the revised version the UCA-RE which is now named Residential Credit Application. The document will be selected on a new or copied transaction where UCA-RE is selected for the Select your credit application option on the Application page. Existing transactions created prior to the November release will still get the non-revised version of the UCA-RE.

Similarly to the URLA, the revised version of the UCA-RE will get an additional supplement Residential Credit Application Creditor Loan Information.

For Help information, please select: How to disclose a negative Owner's Title Insurance?

The Paid By Description drop-down list has been added to the Fee Detail page when the Other option is selected in the Paid By drop-down list. This data is required for the loans submitted to Freddie Mac's Loan Product Advisor.

With this release, you can pull two joint credit reports on the same transaction, and the liabilities are associated with the correct owner.

With this release, copied transactions use the Select the Fannie Mae 1003 Freddie Mac 65 Uniform Residential Loan Application (URLA) option in the associated Document Policy to determine whether to select the URLA or the UCA-RE. Previously, the option defaulted to the UCA-RE regardless of the Document Policy setting.

The Flood Certifications To: field is available on the Flood service page, accessed from the Services menu. This field captures the email address of where to send the flood certification.

Beginning July 1, 2021, creditors have an option to use either the current General QM definition or the revised, price-based General QM definition. For this purpose, the Revised General has been added to the QM Type field on the Loan Definition page. If this option is selected, the loan will be tested against the revised, price-based General QM definition. If you plan to continue using the current General QM definition, select General in the QM Type field on the Loan Definition page.

For more information, please refer to: How to test a loan against the revised General QM definition? information in Help.

The Barcode Settings section has been added to Administration to enable organizations to set up the necessary parameters to have Barcodes print on documents. After setting up barcodes in Administration, the barcodes will only be visible after generating documents on the Print page. For Help information, select How do I set up barcodes that print on documents?

Previously, if Refinance Program was selected on the Application page and a change was made on the Loan Definition page, the Refinance Program selection was cleared on the Application page and did print on the URLA. The issue has been resolved to retain and print the value correctly.

Previously, the selection made for the Property is in a community property state check box was not retained in the Property section on the Application page. The issue has been resolved so the field will remain selected.

• The Wiz Sentinel Report has been improved for easier reading and clarity.
• The Applicant, Co-Applicant, and Application Date fields have been removed. The rest of the data represented in the report remains unchanged.

The Supplemental Property Insurance field in the Proposed Monthly Payment section on the Calculation page has been updated to include the Earthquake Insurance, Flood Insurance, Windstorm Insurance and/or Hurricane Insurance amounts that were selected as escrowed values. The Supplemental Property Insurance amount will be print on the Lender Loan Information document and Uniform Underwriting and Transmittal Summary document.

The Fees page has been updated to provide two scenarios when the fee changes during the Application Phase: 1. Valid change of circumstance and 2. Not valid change of circumstance.

On a refinance transaction, you can now save data in Loan Details of the Application Page, and the HMDA Loan Purpose will retain its value instead of reverting to the default value.

The calculation of Borrower Closing Costs that is sent to underwriting systems has been updated to sum all fees paid at closing and paid outside of closing excluding Prepaids and Escrows, Mortgage Insurance, and the Loan Discount fee. No changes were made to the Borrower Closing Costs calculations that print to the Lender Loan Information document.

The Credit Report settings have been updated to pull the Liabilities from the Credit Report to ComplianceOne Mortgage accurately, so the Liability Type in the Liabilities section does not need to be updated manually anymore.

You can now pull credit with the CBCInnovis interface, submit the transaction to LPA, and complete a reissue without receiving an error stating the merged credit account was inactive.