What's New 2018

• The Bureau of Consumer Financial Protection issued an interpretive and procedure rule on August 31, 2018 to implement and clarify the Economic Growth, Regulatory Relief, and Consumer Protection Act which amends HMDA and creates a partial exemption applicable to transactions with an Action Taken Date on or after 1/1/2018. Organizations that are partially exempt have the option of reporting exempt data.

  On the Loan Definition page, Partially Exempt per S. 2155 has been added to the HMDA section and is available when 2018 HMDA Applies is selected. When setting up your Loan Definition Policy in Administration, you can indicate if Partially Exempt per S. 2155 defaults selected or not, and if you want to Allow User to Edit Field in Transaction.

  • On existing transactions where a Loan Definition policy is used, Partially Exempt per S. 2155 defaults unselected and is editable until the Loan Definition policy is updated in Administration and Loan Definition Policy is refreshed on the Loan Definition page.
  • On existing transactions where a Loan Definition policy is not used, Partially Exempt per S. 2155 defaults unselected.

  If you are licensed for the HMDA Wiz interface, any existing transaction with an Action Taken Date on or after 1/1/2018 will need to be updated if you are a partially exempt lender. Those existing transactions can be updated using the Grid view on the Edit page within HMDA Wiz.

  If you are not licensed for the HMDA Wiz interface, you will have to open each transaction and select Partially Exempt per S. 2155 on the Loan Definition page and then recreate your pipe delimited file(s).

  The following questions have been added to the HMDA Reporting page in Help: How do I identify a transaction as partially exempt per Senate Bill 2155 for HMDA Reporting?, If I select Partially Exempt per S. 2155 on the Loan Definition page, how will that impact my transaction?, and My organization is regulated by the OCC; how do I continue to report the Reasons for Denial on my partially exempt transactions?.

• Previously, the Employment and Income section did not display in Party Management. Changes were made so this section will now display in Party Management.
• If a transaction is copied, the Legal Entity Identifier (LEI) will now display on the Loan Definition page for HMDA reportable loans without refreshing the organization.

What's New for Interfaces

New Functionality

• We have reordered the information on the HMDA Preview LAR report to provide a more consistent experience across our products and to allow for easier review of the information. For those users who use ComplianceOne Lending and/or ARTA Lending, the order of the information in the reports will be in the same for all products. For those users that are licensed for the HMDA Wiz interface, the order of the information in the report will follow the order of data on the Edit page within HMDA Wiz.

• If you are a licensed HMDA user and try to use Geocoding, Rate Spread and Insert/Update services with the wrong credentials, a validation message displays directing you to verify your credentials in Interface Manager. To validate your credentials, visit the HMDA Wiz website, test your credentials, and make changes if needed in Interface Manager.

• If there is an Appraisal Identifier entered on the Collateral Details page, it will be transferred to the Property Information section of the Loan Product Advisor underwriting system. The Appraisal Identifier field is available within ComplianceOne Mortgage / Assumptions if type of Mortgage is Fannie Mae, Freddie Mac, or FHA.
• If the user selects the specific appraisal Form Number used to report the property valuation that can be entered on the Uniform Underwriting and Transmittal document, the Form Number will be sent to (Loan Product Advisor. This is required if there is an Appraisal Identifier available in the transaction.

  If there is a Valuation Method being selected on the Collateral Details page, this information will transfer to Loan Product Advisor. This is a required information to be reported to the third-party underwriting system if the property valuation has been done on the property and there is an Appraisal Identifier available.

  The following question has been added to the Automated Underwriting page in Help: How do I identify a transaction as partially exempt per Senate Bill 2155 for HMDA Reporting?
• Product Description has been added to the Loan Product Advisor interface view. This is the lender's unique identifier of a mortgage product or program associated with the loan, allowing the lender to distinguish between different loan offerings.
• If there is a property seller in the transaction who is an individual or sole proprietor, the seller's First-/Middle/Last-/Suffix Names will be now transferred to Loan Product Advisor.

Updates to Existing Functionality

• An individual contact type of Loan Processor is now collected in Administration on the Contacts page and a default Loan Processor is collected on the Organizations page. Within a transaction and a template, Loan Processor has been added to the General Information section on the Loan Definition page. After your administrator enters the loan processor contact(s), the information entered in Administration for the Loan Processor selected on the Loan Definition page will print in the Contact Name, Contact Title, Contact Phone Number, and ext. fields on the Uniform Underwriting and Transmittal Summary for new and existing transactions.

• Previously, if the Combine Assets/Liabilities option for co-applicants on the Parties Page was cleared and a user navigated away from the page and returned, the option displayed selected. This issue was resolved and the option will remain cleared.
• Purchase, non-construction transactions with the Application Received Date on or after 10/1/2018 and where the Loan Amount is equal to Sales Price should be recalculated to show the accurate amount of Down Payment/Funds from Borrower and Funds for Borrower on the Loan Estimate and Closing Disclosure documents. To publish the correct value in the Application Phase of the transaction, select Calculate on the Calculation Details page. As of 10/1/18, this value was calculated incorrectly by removing the Closing Costs Financed (if present) before comparing the Total Existing Debt Being Satisfied and the Loan Amount.

What's New for Interfaces

New Functionality

• The Location ID entered in Administration for your organization will now be sent to the Loan File Setup section in the Loan Product Advisor underwriting service.
• The explanations selected for any Yes answer to a declaration on lines a through i on the Uniform Residential Loan Application Continuation Page or Credit Application Real Estate Supplement are now transferred to Desktop Underwriter (DU).

Updates to Existing Functionality

• Previously, the dependent ages entered on the Uniform Residential Loan Application document (section III) were not transferred to Desktop Underwriter. This has been resolved and if dependent ages are entered, they will be transferred to Desktop Underwriter.

This release marks the launch of the Vanceo™ Assumptions. Congratulations! If you are reading this, you and your financial institution have made a great decision, and will now be able to leverage Vanceo™ Assumptions to drive internal controls and efficiencies in your daily financial processes.

For more information, refer to the Vanceo Dashboard section in Assumptions Help.

• On the Loan Definition page in the HMDA section, Business or Commercial Purpose is used to report the loan as a business or commercial purpose to HMDA and displays unselected by default. The Business or Commercial Purpose selection is strictly for HMDA reporting purposes, and the transaction will be treated as a consumer purpose loan for all other purposes.
• On the Calculations page in the Monthly Housing Expenses section, All Other Monthly Payments is now automatically calculated. The calculated amount is a sum of all liabilities entered on the Financial Analysis page except for Mortgage, Leasehold Payment, Ground Rent and Other Housing Expense. The calculated amount can be changed if needed. The All Other Monthly Payments value is used by the Uniform Underwriting and Transmittal Summary document.
• On the Calculations page in the Origination/Disposition section, 4 = Collateral will now default selected for Reasons for Denial when 'Location or condition of collateral (use only in Massachusetts)' is selected for Reason Type in the Action Reason section of Document Data for the Notice Of Action Taken document or Veterans Affairs Notice of Action Taken document. You will need to manually select 4 = Collateral for Reasons for Denial on any existing transaction that has 'Location or condition of collateral (use only in Massachusetts)' selected for Reason Type.
• An issue has been resolved where if more than one instance of Assessment or County Property Tax had been entered for Proration Type on the Closing Disclosure page and both instances were assigned to the same Integrated Disclosure Subsection, then only the first instance printed to the Closing Disclosure. For example, on the Closing Disclosure page, you enter Proration Item of Assessment and Integrated Disclosure Subsection of Adjustments for Items Unpaid by Seller and an amount of $200. You also enter another Proration Item of Assessment and Integrated Disclosure Subsection of Adjustments for Items Unpaid by Seller and an amount of $100. In this scenario, the second Assessment for $100 would not print to the Closing Disclosure. This issue has been resolved for transactions with an Application Received Date on or after 10/1/2018, so review, calculate and recreate documents if necessary. For transactions with an Application Received Date prior to 10/1/2018 (in which the closing occurs after 10/1/2018), you will need to continue to aggregate the amounts and enter one proration on the Closing Disclosure page.
• On the Uniform Underwriting and Transmittal Summary document, Original Loan Amount of First Mortgage is now populated when a transaction has the second organization’s lien position on the collateral and at least one additional lien holder with the first lien position selected.

• Owned HUD FHA Home is now available when preparing the HUD/VA Addendum to Uniform Residential Loan Application document if the transaction has a borrower, the mortgage type is FHA and 8/1/16 updated HUD 92900-A is selected on Document Data. Previously, Owned HUD FHA Home was missing in the above scenario.

• Several improvements were made to the following areas:
  • Headers
  • Template Maintenance
  • Party Management
  • HMDA Processing

  Although the changes are small, they impact several areas. All the current functionality is still available but the look and feel of the main landing page header has been updated to provide easier viewing and navigation. The information below provides details about the changes.

  Transaction Header

  The transaction header has been updated.
  • The home icon has been replaced with that brings you back to a main page.
  • Selecting your name brings you to your User Profile.
  • Selecting Help opens up Help information.
  • Selecting Logout ends your session.

  Old

  

  New

  

  Manage

  To access Administration, HMDA Processing, Interface Manager, Party Management, Security Administration, or Template Maintenance management functions that were previously in the ComplianceOne menu, select Manage in the header and an option. The selected function will open in a new browser tab. The lending browser tab will remain open so you can easily return and continue work after you finish with the newly opened tab. To close a management function such as Administration, close the browser tab.

  Old

  

  New

  

  HMDA Processing, Party Management and Template Maintenance Headers

  The look and feel of the HMDA Processing, Party Management, and Template Maintenance headers were updated to match the new transaction header. However, HMDA Processing, Party Management, or Template Maintenance display instead of ComplianceOne.

  • When a transaction is recalled from HMDA Processing, the transaction header shows you came from HDMA Processing. Selecting brings you back to the HMDA Processing landing page.

    

  • When a party is recalled from Party Management, the transaction header shows you came from Parties. Selecting brings you back to the Parties landing page.

    

  • When a template is recalled from Templates, the transaction header shows you came from Templates. Selecting brings you back to the Templates landing page.

    

  Accessing Accounts

  Account was moved from inside a page to the header. To access a different account if you are licensed for more than one account, select the account in the header.

  Old

  

  New

  

• In the May release, we added validation messaging to the Loan Definition and Print pages alerting you that transactions with an Application Received Date of 10/1/2018 or later were not yet supported. Since then, we have been making changes each release to implement the TILA RESPA Integrated Disclosures (TRID) amendments. We have completed all of the changes and the validation messaging has been removed from the Loan Definition and Print pages. A summary of the changes and when they were released is included below:
  • May Release: What’s New with Documents
  • June Release: Calculating Cash to Close Table-Adjustments and Other Credits
  • June Release: Calculating Cash to Close Table – Seller Credits
  • June Release: Help only changes
    • Closing Disclosure page; Gift Funds
    • Calculations and Closing Disclosure page; Seller Credits
  • July Release: Escrow Account table
    • Escrowed Property Costs over Year 1
    • Estimated total amount over year 1 for your escrowed property costs
    • Escrow Payment
  • August Release: Calculating Cash to Close Table-Down payment/Funds from Borrower and Funds for Borrower
  • September Release: Closing Costs Expiration (See below.)
• The TRID amendments, applicable to transactions with an Application Received Date on or after 10/1/2018, allow a creditor, issuing a revised Loan Estimate after the consumer has indicated an intent to proceed within the time specified by the creditor, to leave the date and time the estimate closing costs are to expire blank. On the Calculations page in the application phase, we have removed the required symbol from the Date, Time, and Time Zone within the Closing Costs Expiration section. When the Closing Costs Expiration Date, Time, and Time Zone are blank and the Application Received Date is on or after 10/1/2018, the language on page one of the Loan Estimate is as follows: '...closing costs expire on.'

  In addition, we have also hidden the Closing Costs Expiration section of the Calculations page within template maintenance due to a customer request.

• For transactions with an Application Received Date on or after 10/1/2018 that have multiple property taxes or homeowner’s insurance, some of which are escrowed, 'Some' will print in the 'In Escrow' section on the Closing Disclosure. Changes were made so this transaction type can be submitted to Uniform Closing Dataset (UCD) without error.

This release does not include updates to existing functionality.

• On the Collateral Details page, Construction Method is now available for all transactions that are not HMDA reportable. For users licensed for Uniform Loan Delivery Dataset (ULDD), the selection made for Construction Method will export to the ULDD interface.
• For transactions with an Application Received Date on or after 10/1/2018, the calculation logic of Down Payment/Funds from Borrower and Funds for Borrower has changed. If the transaction is purchase with a seller, the Unpaid Principal Amount will be subtracted from the Sales Price of the property.

  For correct calculations on the application phase, enter the Sales Price of property in the Total Existing Debt Being Satisfied/Disbursements Not Disclosed in Total Closing Costslocated on the Calculations page. On the closing phase, no additional manual entry is needed.

  If the amount calculated is greater than zero, this amount will be disclosed as Down Payment/Funds from Borrower in the Cash To Close table. If the amount is less than zero, then this amount will be disclosed as Funds for Borrower.

• On the Collateral Details page, the selection made for the Manufactured Home Land Property Interest, will now match the selection for the Manufactured Home Land Property Interest on the HMDA Preview LAR report or the pipe delimited text file. Previously, '5 not applicable' defaulted to the HMDA Preview LAR report or the pipe delimited text file.
• 8888 is used for the Credit Score on the HMDA Preview Report and in the HMDA submission request for the applicant or co-applicant when the following conditions apply:
  • Credit Score Used in Interface is not selected on the Financial Analysis page for any credit bureau response for the applicant or co-applicant.
  • On the Calculations page, the Underwriting Action Taken is one of the following:
    • 1 - Originated
    • 2 - Application Approved but not Accepted
    • 3 - Application Denied
    • 7 - Preapproval Request Denied
    • 8 - Preapproval Request Approved but not Accepted,

• With this release you will likely have already realized we adopted the latest Wolters Kluwer brand standards for the login and logout pages. In addition, we’ve redesigned and improved the usability of our Help. You can now search across all help topics/pages, print help pages, and provide feedback inside the help tool. The familiar pages from the previous version of Help are now laid out in a tile format on the main page for easy navigation. Selecting the Wolters Kluwer logo will bring you back to the main landing page of Help.
  • Select the Question button next to the Search box for tips on searching.
  • Select the Helpful? button on the right to provide a quick comment about Help information.
  • Select the Feedback button to provide detailed comments about Help and access Support information.
  • Select the Print button to print the current page.

• For transactions with an Application Received Date on or after 10/1/2018, the Escrowed Property Costs over Year 1 amount within the Escrow Account section on the Closing Disclosure can be based on the payments made into the escrow account during the first year starting from the First Payment Date when Calculate escrowed property costs over year 1 using the first payment date is selected for the applicable Calculations Policy within Administration. Refer to the following question on the Document Data/Document Specific page in Help: Within the Escrow Account section on the Closing Disclosure, how is the Escrowed Property Costs over Year 1 determined?.

• For transactions with an Application Received Date on or after 10/1/2018, the 'Escrowed Property Costs over Year 1' amount and 'Escrow Payment' amount in the Escrow Account table on page 4 will now include mortgage insurance (PMI, Mortgage Insurance or USDA Mortgage Insurance) when entered on the Calculations page.
• On the Closing Disclosure for transactions with an Application Received Date on or after 10/1/2018, the description of ‘See attached page for additional information’ will print in the Escrow Account table for ‘Estimated total amount over year 1 for your escrowed property costs’ and/or ‘Estimated total amount over year 1 for your non-escrowed property costs’ fields when there is not enough space. In addition, the detailed description prints on the Closing Disclosure in the Addendum within the Loan Disclosures section. Lastly, the description will include a reference to 'mortgage insurance' when PMI, Mortgage Insurance, or USDA Mortgage Insurance is entered on the Calculations page.

• The TRID amendments, that are applicable to transactions with an Application Received Date of 10/1/2018 or after, have updated the commentary to §1026.38(j)(2)(vi) to provide clarification on the disclosure of gift funds on the Closing Disclosure. No changes were made to the product. The following question has been added to the Closing Disclosure page in Help: When are Gift Funds required to be disclosed in the Other Credits section of the Summaries of Transactions section of the Closing Disclosure?.

• The TRID amendments that are applicable to transactions with an Application Received Date of 10/1/2018 or after have updated the commentary to §1026.37(h)(1)(vi) to provide clarification on the disclosure of specific seller credits on the Loan Estimate. No changes were made to the product. The following question on the Calculations/Closing Disclosure and Loan Estimate page in Help has been updated: How are Seller Credits disclosed on the Loan Estimate?

• On the Calculations page, changes were made to improve usability. A new section for Post-Closing Fees has been added and includes the following:
  • Returned Payment Fee that was previously on the Loan Definition page.
  • Prepayment Penalty that was previously included in the Fees section on the Calculations page.
  • Late Charges that were previously included in the Fees section on the Calculations page.

• On the Collateral Details page, a ‘Sorry, this page is currently unavailable’ message displayed after selecting a party to edit. This issue has been corrected and any party on the Collateral Details page can be viewed and edited if a user is not a read-only user.
• On the Calculations page/Underwriting Information section/Origination/Dispositions, the Override Reasons for Denial was changed to Edit Reasons for Denial. If you select Edit Reasons for Denial, the reasons selected on the Notice of Action Taken document will remain defaulted to Origination/Disposition and can be edited.

• Wolters Kluwer has reviewed its software applications in accordance with industry standard guidelines and determined the need to increase security and assist in safeguarding our customer’s valuable data. The result of this evaluation determined that the TLS 1.1 and 1.2 protocol will be the supported versions going forward in all environments and for all products. As a result, TLS version 1.0 will be disabled in the June release. We recommend that you check with your IT support group or personnel to fully assess potential impacts to your operations. If you have any questions, please contact Wolters Kluwer Support at 1-800-274-2711, Ext. 1123663.
• On the Closing Disclosure, the 'Did this change' column for the Adjustments and Other Credits row has been updated to comply with the amendments to 1026.38(i)(8)(i) and its commentary. When the Application Received Date is on or after 10/1/2018, the text following the bullet now prints as 'See details in Section L' or 'See details in Section K.' For more information, refer to the following question on the Calculations/Loan Estimate and Closing Disclosure page in Help: What language is required to print in the ‘Did this Change?’ column when the Adjustment and Other Credits amount differs between the Loan Estimate column and the Final column for transactions with an Application Received Date on or after 10/1/2018?
• On the Closing Disclosure, the 'Did this change' column for the Seller Credits row has been updated to comply with the amendments to 1026.38(i)(7)(iii) and its commentary. When the Application Received Date is on or after 10/1/2018, the text following the bullet now prints as 'See Seller-Paid column on page 2 and Seller Credits in Section L' where previously 'See Seller Credits in Section L' printed. For more information, refer to the following question on the Calculations/Loan Estimate and Closing Disclosure page in Help: What language is required to print in the ‘Did this Change?’ column when the Seller Credits amount differs between the Loan Estimate column and the Final column for transactions with an Application Received Date on or after 10/1/2018?

• We removed the option of Principal Reduction from the Closing Adjustment Item list on the Closing Disclosure page since it was inadvertently added in the March release. The first option in the list, Borough Property Tax, will default selected for any existing transactions where you had previously selected Principal Reduction. It is recommended that you review the Closing Disclosure page and recreate documents if necessary.

• On the Parties Details page, changes were made to improve usability. Data collection items were added to the Parties Details page and removed from the Financial Analysis page as described below.
  • The Employment Information section was renamed to Employment and Income and redesigned.
    • Overtime, Bonuses, and Commissions were added to the new Employment and Income page.
    • Amount was added and includes the total of Base Income, Overtime, Bonuses, and Commissions included for an employment.
    • The Total Current Monthly Income was added and includes the income amount from Current Employment and Other Income.
    • Overtime,Bonuses,Commissions, and Total Current Monthly Income were removed from the Financial Analysis page where this information was collected previously.
  • The Other Income section was added so users can add other income information directly on the Parties Details page. The following income types were added to the Select Income Source list. An amount can be entered for each type.
    • Alimony
    • Child Support
    • Dividends/Interest
    • Maintenance
    • Net Rental Income
    • Social Security
    • Subject Property Positive Cash Flow
    • Pension
    • Other
      • If Other is selected, a custom description can be entered.
      • Other income sources can be added by selecting Add and selecting Other from the Select Income Source list.
  • For existing transactions, the income fields that previously existed within Financial Analysis will be moved to Party Details but will reflect the income from the most recently created transaction, not the last modified transaction.
• On the Financial Analysis page, apostrophes and ampersands can now be included when entering the name of a creditor.
• On the Loan Definition page, a validation warning will display when entering a duplicate loan number if an Administrator prevents duplicate loan numbers in administration settings. A user can ignore the warning; however, on the Print page, a warning will display, "Your institution does not allow duplicate loan numbers. Update to a unique loan number." Selecting the warning on the Print page will return a user to the Loan Definition page where a user must update the loan number to remove the message unless the user has permission to override the warning.
• On the Loan Definition and Print pages, changes were made to accommodate the final rule amending the federal mortgage disclosure requirements under the Truth in Lending Act (Regulation Z), otherwise known as TRID, that took effect on October 10, 2017 with a mandatory compliance date for applications taken on or after October 1, 2018. We are in the process of updating the product pages, calculations, and documents to comply with the new rules. As a result, validation warnings have been added to Application Received Date on the Loan Definition page and the Print page when the Application Received Date is 10/1/2018 or later, and the system date is prior to 10/1/2018. This will allow you to review the new functionality as we make changes in the upcoming releases which will be communicated here and in the What's New with the Documents . After we have completed all the changes, the validation warnings will be removed from the Loan Definition page and Print page.
• On the Calculations page in the Ratios section, changes were made to improve usability.
  • Include all parties income was added. This option replaces Additional Parties Income Included that was removed from the Financial Analysis page. If selected, the total income from all borrowers and cosigners will be included in the Home to Income (HTI) and Debt to Income (DTI) calculations.
  • Exclude from HMDA was added in the Ratios section and will display when 2018 HMDA Rule Applies is selected on the Loan Definition page. HMDA reportable income will be excluded and Not Applicable will be reported to HMDA when Exclude from HMDA is selected. Exclude the borrower income and report ‘not applicable’ for HMDA was removed from the Financial Analysis page where it appeared previously.
• On the HMDA page, the name of the reviewer and the date of the review will display after Reviewed is selected by a user. A user must be assigned the HMDA Reviewer permission in Security Administration before they can select Reviewed.

• On the Financial Analysis page, liabilities that have been closed or paid will now be excluded from the liabilities that are pulled from a credit bureau when Exclude zero balance liabilities that are Paid or Closed is selected in Account Basics in Administration.
• On the Employer Information page, a Calculate button has been added to calculate the Years Employed and Months Employed. The values for the current employer are based on the From start date and the system date. The To end date will not display for a current employer. The values for the previous employer are based on the From start date and the To end date.
• On the Parties Details page, Verification of Employment and Verbal Verification of Employment have been added for individual and sole proprietors who are borrowers and cosigners. Selecting Verification of Employment will add the Request for the Verification of Employment (FNMA 1005) to the document list. Selecting Verbal Verification of Employment will add the Verbal Verification of Employment to the document list and display Employee Badge ID for entering an ID. Previously, Verification Requested and Verbal Verification of Employment Requested were available on the Document Data page to generate the Request for Verification of Employment and Verbal Verification of Employment documents. Previously, Employee Badge ID was collected in Document Data for the Request for Verification of Employment.
• The HMDA Reviewer permission has been added to the assumptions Loan Originator role in Security Administration. The new permission will default unchecked. This permission allows a user to select the Reviewed check box on the HMDA page. Review your assumptions Loan Originator and custom roles to activate the permission for your users if applicable.

• The Introductory Rate Period (In Months) now prints in the Loan Information section on the Preview LAR Record where nothing was printing previously. When Rate Type is Variable, the Initial Rate Hold Term from the Calculations page will print. When Rate Type is Fixed, NA will print along with Not applicable in the description.
• Previously, when entering a non-numeric value for the Year, Length, or Width on the Collateral page for Mobile Home (Personal Property/Residence) collateral and exporting to an interface, an error displayed. Now, the Year, Length, or Width will be sent as blank. If numeric digits are entered, the values will be sent.
• An issue has been resolved where the Cash to Close amount in the Calculating Cash to Close table and Summaries of Transaction table, when applicable, was not summed correctly when the transaction included a Generalized Lender Credit and Refund exceeded tolerance amount was selected on the Calculations page. We have also addressed an issue where the Specific Lender Credits amount displayed on the Calculations page in the closing phase was not including any fees that were added at closing where Paid By was Lender. For existing transactions, review, calculate, and recreate documents if necessary.

• We have added functionality to display Specific Lender Credits (currently supported) along with the collection and disclosure of Generalized Lender Credits. In the application phase within the Calculating Cash to Close section on the Calculations page, Specific Lender Credits, Generalized Lender Credits, and Lender Credits are available.
  • The product rounds all fees Paid By Lender and sums them. The total is displayed as Specific Lender Credits.
  • Generalized Lender Credits can be entered.
  • The product sums and rounds Specific Lender Credits and Generalized Lender Credits. The total is displayed as Lender Credits which prints on the Loan Estimate.

  In the closing phase on the Calculations page, we have added a Lender Credits section. Within that section, Specific Lender Credits, Generalized Lender Credits, and Lender Credits are available.

  • The product sums all fees Paid By Lender and displays that total as Specific Lender Credits.
  • If Generalized Lender Credits were entered in the application phase, that amount will default to the closing phase; otherwise, an amount can be entered at closing.
  • The product sums Specific Lender Credits and Generalized Lender Credits and displays that total as Lender Credits. The lender credits amount is the same figure shown as Closing Amount within the Lender Credits that Cannot Decrease section of the Comparison of Loan Estimate and Closing Disclosure Fees table.
  • For existing transactions, the amount previously calculated for Specific Lender Credits will be present in the Lender Credits field and still print to documents accurately. Once the transaction is recalculated, the field for Specific Lender Credits and Lender Credits will be updated.

  For additional information on Lender Credits, refer to the following questions on the on the Calculations/Loan Estimate and Closing Disclosure page in Help:

  • What do the lender credits represent on the Loan Estimate and Closing Disclosure?
  • How do you cure a tolerance on the Closing Disclosure?
  • How do Generalized Other Credits affect the Details of Transaction section of the Uniform Residential Loan Application (URLA) and Transaction Worksheet section of the Credit Application Real Estate Universal Credit Application Real Estate-HMDA (UCA-RE)?
  • Are lender credits included in the APR?

• Previously, for cosigners on the Demographics page, when an option was selected under Ethnicity and I do not wish to provide this information was not selected, when subsequently visiting the Demographics page, Ethnicity I do not wish to provide this information was selected. This has been corrected. For existing transactions with cosigners, it is recommended you review the Demographics page, select the appropriate choice for Ethnicity I do not wish to provide this information, and recreate documents if necessary.
• Some improvements were made to the way credit score data displays in the Credit Report section on the Financial Analysis page. The section now displays in a format that is more consistent with the other sections on the Financial Analysis page. In addition, the following changes were made:
  • Score Not Available has been relabeled to N/A and hover text has been added.
  • A Risk Based Pricing Notice is required for this transaction has been relabeled to Credit Score Used for Risk Based Pricing.
  • Hover text has been added to Credit Score Used for Risk Based Pricing, Credit Score Used in Interface, and Use on Notice of Action Taken to assist users with these options.
  • Refresh Bureau has been moved to the Credit Bureau Name column as an icon. For additional information, refer to the following question in Help: How do I update a transaction with the latest information for the Credit Bureaus defined within Administration? on the Financial Analysis page in Help.

  The behavior of this section and how the information impacts documents remains unchanged with this release.

• When 2018 HMDA Rule Applies is selected on the Loan Definition page, Type of Purchaser is now defaulted to 0 = Not applicable when the Action Taken is either 1 = Loan originated or 6 = Purchased loan, but can be changed as appropriate. Previously, 8 = Affiliate institution was incorrectly defaulting. The ability to default Type of Purchaser from Administration is not currently supported but if you use templates, this option is available for you to set a default in Template Maintenance when 2018 HMDA Rule Applies is selected.
• User Defined Fees can now be added at transaction time without entering a User Fee Name. 'User Defined' will be populated as the User Fee Name in these cases. Previously, an error message indicating ‘Object reference not set to an instance of an object’ displayed when a User Defined fee was added at transaction time without a User Fee Name defined.
• Previously, when a borrower paid fee with zero variance was added in the application phase and the amount was decreased and the fee was changed to lender paid in the closing phase, the Print page displayed the following warning: 'The total of Lender Paid Fees exceed 0% tolerance.'

  On the Calculations page, Paid By has been added to the Loan Estimate values in the closing phase and red text in the Status column will now indicate when values have been changed from the application phase.

• When a policy group with a Property Cost Policy is updated in Administration, the Escrow Account Type on the Calculations page will now be updated to reflect the change in both transactions and templates. Previously, the value did not change for the Escrow Account Type.
• On the Service Provider Information page in Fees, formatting has been added to the Phone Number and Postal Code in the transaction.
• When a transaction has only one document policy option or the first document policy is defaulted to a new transaction, and the Closing Cost Expiration Date/Time/Time Zone is completed, the Closing Cost Expiration Date will now calculate the Closing Cost Expiration Date on the Calculations Page. Previously, this value did not calculate until the user refreshed a document policy on the Loan Definition page.
• On the HMDA Processing page, you can filter by Organization, Action Taken Date From, Action Taken Date To, Submitted, and Loan Number. Reviewed has been added as a filtering option. You can use the Reviewed option to view transactions that have been marked as Reviewed.
• On purchase money transactions, the sum of the Sales Price entered for each real estate collateral and mobile home collateral is now correctly included in the total amount that prints in M. Due to Seller at Closing (Section M) on the Closing Disclosure document. Previously, the total amount did not include the Sales Price entered for the mobile home collateral.
• All licensed interfaces will now be displayed in the menu without limitation. Previously, the number of interfaces that would display was limited to 20.

This release does not include new functionality.

• When 2018 HMDA Rule Applies is selected on the Loan Definition page, the following updates have been made to the Preview Report when Preview LAR Record is selected:
  • When Action Taken in the Underwriting Information Section of the Calculations page is any of the following; 1 = Loan originated, 2 = Application approved but not accepted, 4 = Application withdrawn by applicant, 5 = File closed for incompleteness, 6 = Purchased loan, or 8 = Preapproval request approved but not accepted, then 10 = Not Applicable now prints to the Denial Reason on the Preview Report. Previously, nothing was printing for the Denial Reason.
  • When Action Taken in the Underwriting Information Section of the Calculations page is 1 = Loan Originated or 6 = Loan Purchased and one of the following scenarios below applies, 3 = Not Applicable now prints to the Preview Report:
    • Occupancy Status is blank, Borrower’s Principal Dwelling is not selected, and Owner’s Principal Dwelling is not selected for the Reported Real Estate collateral.
    • Occupancy Status is not Primary Residence for the Reported Real Estate collateral.
  • When Action Taken in the Underwriting Information Section of the Calculations page is 1 = Loan Originated or 6 = Loan Purchased, Occupancy Status is Primary Residence, and Reg Z Section 32 Applies is selected on the Document Data page, 1 = High-cost mortgage prints to the HOEPA Status on the Preview Report. When Reg Z Section 32 Applies is not selected in this scenario, 2 = Not a high-cost mortgage prints to the HOEPA Status on the Preview Report.
  • When Action Taken in the Underwriting Information Section of the Calculations page is not 1 = Loan Originated or 6 = Loan Purchased, 3 = Not Applicable now prints to the HOEPA Status on the Preview Report.

  Previously, in all of the above cases, 1 = High-cost mortgage or 2 = Not a High-cost mortgage were printing, depending on the Reg Z Section 32 Applies selection on the Document Data page.

• When making multiple updates to the Loan Estimate Issued Date on Loan Definition, the Closing Costs Expiration Date and Time will now calculate automatically. Previously, the calculation would not be performed on multiple changes of the Loan Estimate Issued Date.
• You can now include the Attorney Preference Notice document for transactions that involve real estate collateral located in the state of Arkansas and Georgia by selecting Select the Attorney Preference Notice document for transactions involving real estate collateral in Arkansas and Georgia in your Document Policy that is applied at transaction time.

  Review your document policies in Administration to determine if changes are needed. For existing transactions, the Attorney Preference Notice will still be included in your document list if you had previously selected Include the Attorney Preference Notice on the Document Data page. If you refresh a previously selected Document Policy or select a new Document Policy on the Loan Definition page, the choice made in your Document Policy will be applied when you create documents.

• Previously Revocable Trust was available within document data entry for the Authorization document when any Owner, Borrower, Cosigner, and Guarantor was a Trust (not including Illinois Land Trusts). Revocable trusts or inter vivos trusts are the only trust types currently supported in ComplianceOne assumptions. As a result, we have removed Revocable Trust from document data and will set it behind the scenes for any Owner, Borrower, Cosigner, and Guarantor that is a trust on existing and new transactions.
• For transactions (regardless of whether the transaction is created with or without a Template) where a Policy Group is applied that contains a Fee Policy, you can now successfully import a Fannie Mae 3.2 file. Previously, when attempting to import a Fannie Mac 3.2 file in a transaction containing a Policy Group with a Fee Policy, users were experiencing a ‘Warning Invalid Import file’ message.
• The sorting functionality has been updated on the assumptions and template maintenance home pages. The ability to sort on Template, Loan Number, Name, Phase, and Loan Amount has been removed. Sorting has been added to the created/modified column to allow for ascending/descending sorting based on the modified date.

• What is the purpose of HMDA Processing?
• Is there a maximum number of HMDA transactions that may be selected on the HMDA Processing page?
• Why am I unable to select my transaction on the HMDA Processing page?
• How do I navigate back to the HMDA Processing Home page when I am done making changes to my HMDA transaction when I am in ComplianceOne?
• How do I know that a transaction has been successfully inserted/updated in my HMDA Wiz File when working with transactions on the HMDA Processing page?
• How do I know that a transaction has been successfully included in a pipe delimited text file when working with transactions on the HMDA Processing page?

• Security Administration can be accessed from within ComplianceOne assumptions by hovering over the arrow found at the top of the page by the words, 'ComplianceOne.' Users must have the Basic Access for Security Administration permission assigned in Security Administration to be able to access Security Administration. Users that had the Manage Account, Manage Account Users, and/or Clone Account permission previously had access to Security Administration and will automatically be assigned the Basic Access for Security Administration permission and consequently, have access to Security Administration.
• To assist organizations with the separation of duties among users, several permissions were added in Security Administration:
  • Edit Loan Decision which allows you to indicate which users can edit Loan Decision within the menu. With the addition of this permission, Loan Decision is now hidden in the menu within a template.
  • Copy Transaction which allows you to indicate which users can copy transactions.
  • Delete Transaction which allows you to indicate which users can delete transactions.
  • Existing users with the Create Transaction in Application Phase for ComplianceOne assumptions and the Create Transaction in Closing Phase for ComplianceOne assumptions permission will automatically be assigned the new permissions.
• To assist organizations with the separation of duties among users, an account setting called Loan Decision Must Be Approved to Change Phases has been added to Account Basics in Administration. When selected, the phase drop-down within the menu can only be changed when Approved is selected for Loan Decision. By default, this setting is turned off and an administrator for assumptions will need to turn it on. The account setting has no impact on the phase drop-down when in template maintenance.
• A new Inactive Session message will be presented informing you that ‘You have been inactive for an extended period of time. Select CONTINUE to avoid a session timeout. This message allows you to indicate whether you wish to be logged off or continue the session without requiring re-authentication. In either case, any changes made to pages that do not contain a ‘Save’ option are saved prior to timing out. For additional information, refer to the following questions on the Getting Started page of Help.
  • What is a session?
  • What is defined as activity for purposes of keeping a session active?
  • Why am I receiving an inactive session message?
  • Why did my session time out?
• In the Fees section on the Loan Definition page, the 'If there is Life Insurance Collateral' text and the two options beneath it have been removed since Minimum Finance Charges and Prepayment Penalties are not supported:
  • Prepaying the unpaid balance is allowed with no additional charge
  • Prepaying the unpaid balance may have a minimum charge associated to it

  These options were previously available when Iowa was selected for the Jurisdiction on the Organization page in Administration, the corresponding Organization was selected on the Loan Definition page, and the Uniform Consumer Credit Code was selected for the Loan Act on the Loan Definition page. In addition, 'No' will print for Minimum Interest Applies on the Loan Information Report due to the removal of the two options on the Loan Definition page. Existing transactions will be updated when recalled, so it is recommended that you review and recreate documents if necessary.

• A Reviewed check box has been added to the HMDA page when 2018 HMDA Rule Applies is selected on the Loan Definition page and Action Taken Date on the Calculations page is on or after January 1, 2018. The Reviewed check box does not affect transaction documents, and is provided as a visual display indicating how many transactions may need reviewing for those individuals working in HMDA Processing. You may check Reviewed as a method of communicating status of the transaction to other members of the organization.
• When 2018 HMDA Rule Applies is selected on the Loan Definition page, the following updates have been made to the Preview Report when Preview LAR Record is selected:
  • When Origination Charges on the Closing Disclosure are blank (i.e. There were not any fees assigned to section A) and Exempt from TILA Reg Z 1026.20 is not selected, 0 now prints to the Preview Report. Previously, NA was printing.
  • When Exempt from TILA Reg Z 1026.20 has been selected on the Loan Definition page, NA is now printing for Origination Charges. Previously, the total of fees assigned to Section A was printing.
  • When Exempt from TILA Reg Z 1026.20 has been selected on the Loan Definition page, NA is now printing for Discount Points. Previously the amount of that fee or 0 if there was not a Discount Point was printing.
  • When Exempt from TILA Reg Z 1026.20 has been selected on the Loan Definition page, NA is now printing for Total Loan Costs. Previously the amount of fees assigned to sections A, B or C or 0 if there were no fees assigned to these sections was printing.
  • When Total Loan Costs on the Closing Disclosure are blank, 0 now prints to the Preview Report. Previously NA was printing in this case.
  • When Exclude Property Value for HMDA is selected in the Reported Collateral section on the Collateral page, NA now prints to the Preview Report. Previously, the value entered in Collateral Details for the Reported Collateral was printing.
  • When 8 = Other credit scoring model is selected for HMDA Credit Scoring Model on the Financial Analysis page, the description entered now prints to the Preview Report. Previously, the description was not printing.
  • When Exclude their age and report ‘not applicable’ for HMDA is selected on the Demographics page for either the Applicant or Co-Applicant, 8888 now prints to the Preview Report. Previously, NA was printing.
• Within Document Data on the Uniform Underwriting and Transmittal Summary document, Desktop Underwriter Case Identifier and Loan Product Advisor Automated Underwriting System Key Identifier have been removed and Case Identifier has been added in the Underwriting section on the Calculations page. For existing transactions where Desktop Underwriter Case Identifier and Loan Product Advisor Automated Underwriting System Key Identifier were previously entered, the value will be retained and will appear on Calculations page.
  • We have added Fannie Mae UCD Resubmit in the Underwriting Information section on the Calculations page. If you received a Casefile ID from Fannie Mae for a loan that was not underwritten in Desktop Underwriter, the Casefile ID should be entered for the Casefile Identifier and Fannie Mae UCD Resubmit should be selected before creating the UCD file and resubmitting it to Fannie Mae. For additional information, refer to the following question, When should Fannie Mae UCD Resubmit be selected? on the Uniform Closing Dataset (UCD) page of help.
  • The Underwriting Information section on the Calculations page is now available for FHA and VA transactions when the account is licensed for UCD. The Underwriting Method, System, and Case Identifier are included in the UCD file when Create UCD File is selected on the print page.