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# What's New 2019

The following describes key enhancements and important changes made to the product for 2019.

Date | Description
--- | ---
December 2019 | What's New Click to review What's New with Docs Click to review the Document List Existing Functionality Changes have been made to the Monthly Housing Expenses page in Calculations. Hazard Insurance was changed to Homeowner’s Insurance for consistency throughout the program. Hover text will display as “Also known as Hazard Insurance.” On January 1, 2020 the USDA Single Family Housing Guaranteed Loan Program will begin to assess and collect a fee (USDA Technology Fee) from lenders on each closed loan that was submitted via the Guaranteed Underwriting System (GUS). The list of supported fees has been updated to include the USDA Technology Fee. When the fee is selected, Section defaults to Services Borrower Cannot Shop For/Services Borrower Did Not Shop For and the Amount defaults to $25.00 for the ease of use purpose. The USDA Technology fee prints on the Loan Estimate and Closing Disclosure documents if entered on the Calculations page. This fee can be preset as a default in the Fee Policies section in Administration. Property is a detached dwelling was added to the Collateral Information section on the Collateral page. This option will display for 1-4 Family Dwelling, 2-4 Family Dwelling, Condominium, and Townhome (PUD) collateral types. The information is used by Desktop Underwriter and Loan Product Advisor and does not print on documents or impact autoselection of documents. What's New for Interfaces This release does not include updates to interfaces.
November 2019 | What's New Click to review What's New with Docs Click to review the Document List Existing Functionality As part of the on-going URLA update project, the Demographics section on the Parties page has been updated to correspond to the new design of our Application page that will be released in the future with the revisions to the Uniform Residential Loan Application. Demographics will continue to be accessible from the same link on the Parties page but will no longer automatically display when creating a new party, adding a party to the transaction, or when importing a party to the transaction. In the October release as a part of the upcoming URLA feature, we suppressed the option to enter the Lender’s State License Number under Data Collection in Transaction Data. In response to customer feedback, we have now opened this option so it can be edited directly on the form(s). This change will remain effective until further changes are made to accommodate all customers' use cases for this option. The Other Expense option in the Liabilities section on the Financial Analysis page has been hidden until the Uniform Residential Loan Application is fully supported. The Credit Application Real Estate and Fannie Mae 1003 Freddie Mac 65 Universal Residential Loan Application documents do not have a designated field to capture the Other Expense option. On January 1, 2020 the USDA Single Family Housing Guaranteed Loan Program will begin to assess and collect a fee (USDA Technology Fee) from lenders on each closed loan that was submitted via the Guaranteed Underwriting System (GUS). The list of supported fees has been updated to include the USDA Technology Fee. When the fee is selected, Section defaults to 'Services Borrower Cannot Shop For'/'Services Borrower Did Not Shop For' and the Amount defaults to $25.00 for the ease of use purpose. The USDA Technology Fee prints on the Loan Estimate and Closing Disclosure documents if entered on the Calculations page. In an upcoming release, we will add the USDA Technology Fee to the Fees Policies in Administration to assist you in presetting any additional fields. After the October release, users were unable to associate more than one mortgage or HELOC liability to a property located in the Real Estate Owned section of the Financial Analysis page. This impacted customers with access to the Loan Product Advisor (LPA), Desktop Underwriter (DU), and Fannie Mae/Freddie Mac Loan Delivery Dataset (ULDD) interfaces but did not impact any documents available within the Document Data or print pages. This issue has been corrected as part of the November release, and users can now associate more than one mortgage or HELOC liability. During internal testing, it was discovered that Co-applicants appear not to be retained after leaving the Parties page. This is strictly a display issue as all related documents will print accurately. What's New for Interfaces This release does not include updates for interfaces.
  - October 2019 | What's New Click to review What's New with Docs Click to review the Document List New Functionality Note: New and Updated Information To minimize duplicate data entry and user confusion with collecting multiple license numbers and as part of the URLA update project, information entered for the Lender ID in Administration>Organizations will now populate the Lender’s State License Number field on several forms. To review or edit the Lender ID, log in to Administration and navigate to Organization>Charter section. If you have a loan in process, you will need to refresh the Organization on Loan Definition so the data will flow to the forms. In the past, users could enter the data either directly on the form and/or in the Lender's State License Number under Data Collection in the Transaction Data. Several forms are impacted by this change and include: Borrowers Certification And Authorization Disclosure Notices Important Applicant Information Closing Disclosure Loan Estimate 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 1.2 protocol will be the supported version going forward in all environments and for all products. We are disabling support of TLS 1.1 with this 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 1123665. As part of the on-going URLA update project, the Assets section on the Financial Analysis page has been updated with new asset options. The new version of the Uniform Residential Loan Application will use the new asset types. Until the document is supported, all newly-added assets will print to the Other Assets section of the Credit Application Real Estate or Fannie Mae 1003 Freddie Mac 65 Universal Residential Loan Application documents as applicable. Assets Each asset type will be accompanied with the Account Number (if applicable), Amount, and Owner. The calculated Total value for all assets will be updated to take into account the newly added asset types.
    Table 1. New Asset Types on the Financial Analysis Page
    Type | Description
    --- | ---
    Bond | An interest-bearing certificate of debt with a maturity date.
    Bridge Loan Not Deposited | Proceeds of a loan (secured by a borrower’s real property) to provide a homebuyer with funds for a down payment and closing costs on a new home before selling the collateral property; the funds of which have not yet been deposited to a borrower’s accounts or included with other assets disclosed.
    Employer Assisted Housing | Financial assistance provided by a borrower's employer to help purchase and finance real property.
    Gift of Cash | Money given as gift (no repayment expected) to borrowers to assist in a home purchase, usually from relatives or a close friend, and where gift funds have not yet been deposited or included with other assets.
    Gift of Property Equity | Without consideration or promise of repayment, lender allows the seller to transfer equity in the property to the buyer as a credit in the transaction.
    Grant | Money scheduled to be given as grant (no repayment expected) to borrowers to assist in home purchase, usually from local organization or charity, where grant funds have not yet been deposited to borrower’s accounts or included with other assets.
    Individual Development Account | A matching funds savings account that helps people save for the purchase of real estate.
    Lease Purchase Credit | Under a lease/purchase arrangement, owner of real estate agrees to credit some portion of rent towards down payment. This is the accumulated amount of such credits reflected at closing.
    Mutual Fund | Financial entity that invests its shareholders funds in stocks and bonds of other entities with the objective of obtaining a return on its shareholders investment.
    Pending Net Sale Proceeds From Real Estate | Estimated net cash proceeds (sales price - obligations) from anticipated sale of a borrower’s real estate assets.
    Proceeds From Sale Of Non Real Estate Asset | Amount received by borrower from the sale of personal property.
    Proceeds From Secured Loan | Proceeds from a loan secured by a borrower’s assets.
    Proceeds From Unsecured Loan | Proceeds from a loan not backed by any collateral.
    Stock | Financial instrument evidencing an ownership interest in an entity that issued the stock.
    Stock Options | Option given by a company to an employee to buy stock in the company at a discount or at a stated fixed price.
    Sweat Equity | Buyer/borrower agrees with owner that work done by buyer/borrower to help complete or improve the property will be credited as having a specific value and will be done in lieu of some portion of the cash purchase price.
    Trade Equity From Property Swap | Equity that results from a property purchaser giving his or her existing real property as trade as all or part of the down payment for the property that is being purchased.
    Trust Account | Fiduciary relationship where legal title to a property is transferred to a trustee with the intention the property be administered by the trustee for benefit of the beneficiary, who holds equitable title to such property.
    Liabilities All liability options have been rearranged to fall into two categories: Liabilities and Expenses. The Expenses category includes the following options: Alimony Child Support Job Related Expenses Maintenance Other Expense The Credit Application Real Estate or Fannie Mae 1003 Freddie Mac 65 Universal Residential Loan Application documents do not have a designated field to capture the Other Expense option, so it should not be used until the Uniform Residential Loan Application is fully supported. In a future release, this option will be temporarily hidden. The newly-added liability types will have a regular set of related fields available (i.e. Account Number, Payment Amount, Owner etc.). The calculated Total values have been updated to take into account HELOC and Open 30 Day Charge Account liability types.
    Table 2. New Liability Types on the Financial Analysis Page
    Type | Description
    --- | ---
    HELOC | A mortgage loan, which is usually in a subordinate position, that allows the borrower to obtain multiple advances of the loan proceeds at his or her own discretion, up to a specified amount.
    Open 30 Day Charge Account | An account where the borrower can charge debt as needed. The full balance is normally repaid on a monthly basis.
What's New for Interfaces This release does not include updates for interfaces.
September 2019 | What's New Click to review What's New with Docs Click to review the Document List New Functionality As part of the on-going URLA update project, ComplianceOne assumptions is releasing early support for additional Party data to be collected on the Parties Detail page. Party updates this month include expanded support for Contact Numbers and Veteran Status and new support for Domestic Relationships/Civil Unions and Language Preference. Minor changes were made to Contact Numbers, Number of Dependents, and Dependent Ages. The new data that is collected with the added/expanded parties support will print on the new URLA form after it becomes available in a future release. The data will not print on existing URLA and UCA-RE documents. In addition to Party data, name changes were made to the options in the Assets list on the Financial Analysis page to prepare for the new URLA. The name changes will not affect how the information prints to your current documents. The following options were renamed: Cash (Earnest Money) was renamed to Earnest Money Cash. Net Worth of Business was renamed to Net Worth of Business Owned. Retirement Funds was renamed to Retirement Fund. Other (User Defined) was renamed to Other. To reduce duplicative data entry, data collection for Age of Dependents and Number of Dependents was moved from Document Data to the Parties Detail page. What's New for Interfaces New Functionality Freddie Mac Loan Product Advisor Interface In preparation for the new Uniform Residential Loan Application (URLA) and its dataset, updates have been made in Interface Manager to Freddie Mac Loan Product Advisor (LPA) parameters to support integration to two versions of Loan Product Advisor in the future. These updates do not impact the current use of the existing URLA or Automated Underwriting Service. Updates include: Access and authentication parameters that are the same for every Lender have been moved to the Global Parameters section and will be pre-populated by Wolters Kluwer with correct values. Account Parameters remain unique to each Lender with the values populated by the Lender when setting up initial use of the Interface. A BaseExportStyleSheet_34 Global Resource has been added to support the MISMO 3.4 dataset used by the new URLA. The Borrower Addresses section of the Loan Product Advisor Interface view has been removed. All required data is collected in mortgage and sent to Loan Product Advisor when a Submit for AUS service is requested. Note: The above updates do not require customers to take any actions. Fannie Mae Desktop Underwriter Interface In preparation for the new Uniform Residential Loan Application (URLA) and its dataset, updates have been made in Interface Manager to Fannie Mae Desktop Underwriter parameters to support use of both versions of the URLA in the future. These updates have no impact to current use of the existing URLA or Automated Underwriting Service. Updates include: A BaseExportStyleSheet_34 Global Resource has been added to support the MISMO 3.4 dataset used by the new URLA. The Borrower Addresses section in the Desktop Underwriter interface view has been removed. All required data is collected in mortgage and sent to Desktop Underwriter when a Submit for AUS service is requested. Note: The above updates do not require customers to take any actions.
August 2019 | What's New Click to review What's New with Docs Click to review the Document List New Functionality If Partially Exempt per S.2155 is selected on the Loan Definition page, FDIC is selected as the Federal Regulator in Administration for a state-chartered bank whose Federal Regulator is the FDIC, and an account is not licensed for HMDA Wiz interface, Code 1111 or Exempt will print on the HMDA LAR Preview Report and the pipe delimited file. If an account is licensed for the HMDA Wiz interface, the HMDA LAR Preview Report will display an asterisk (*) and 1111 or Exempt will be included in the file sent to HMDA Wiz from ComplianceOne. The Illinois Land Trust Trustee has been updated to Land Trust Trustee and Illinois Land Trust has been updated to Land Trust because the labels no longer apply to Illinois only. The labels can be also used for California, Florida, Hawaii, Indiana and Virginia. ComplianceOne assumptions now supports entering up to two Alias Names per Party. Alias names are used on the Universal Credit Application Real Estate (UCA-RE), Uniform Residential Loan Application (URLA), and additional optional forms to identify a potential borrower by a former name when reviewing the applicant’s prior credit history. The Creditor Name must be entered in the Document Data-Alias node so the Alias Names will print on the URLA and UCA-RE documents. What's New for Interfaces New and Existing Functionality This release does not include updates.
July 2019 | What's New New and Existing Functionality This release does not include updates to assumptions. What's New for Interfaces New and Existing Functionality This release does not include interface updates.
June 2019 | What's New Select What's New with Documents to review document updates. Select Document List to review updates. New Functionality To improve visibility and access to timely information, the Tasks Grid, Transaction Summary, and Transaction Details pages now indicate when a task or transaction includes comments. Select in the Task panel of the Transaction Details page or the Tasks Grid to view task comments. Select to view transaction comments for a given transaction on the Transaction Summary page. will only appear on tasks or transactions with at least one comment. Select Task Grid and Details for Help information. On the Collateral Details page for Raw Land-Real Estate collateral, Dwelling Intended to be Built has been added when the collateral is located in CA, KY, or WV. In addition, Borrower's Principal Dwelling is available and defaults selected when the collateral is located in CA and Dwelling Intended to be Built is selected. The Consumer Caution Notice-CA is selected in the Upfront, Processing, and Closing packages when the transaction has at least one borrower entered and collateral of Raw Land-Real Estate has been added where the location State is CA, Dwelling Intended to be Built is selected, Borrower's Principal Dwelling is selected, and High Cost Mortgage Loan under State Law is selected within the Notes section on the Document Data page. The Homeownership Protection Center Notification To Homeowners-KY is selected in the Closing package when my transaction has at least one collateral of Raw Land-Real Estate where the location State is KY, and Dwelling Intended to be Built is selected. The Tangible Net Benefit Worksheet-WV is selected in the Processing, and Closing packages when my transaction has at least one borrower entered and collateral of Raw Land-Real Estate has been added where the location State is WV, Dwelling Intended to be Built is selected, and Select Form Tangible Net Benefit Worksheet WV is selected within the Transaction Data section on the Document Data page. Updates to Existing Functionality When a Homeowner Insurance fee is added from the FEE POLICYdetail page in the transaction, the fee correctly displays Homeowner Insurance on the page where the fee policy is added. Previously, "Hazard Insurance" displayed. What's New for Interfaces New and Existing Functionality This release does not include interface updates.
May 2019 | What's New Select What's New What's New with Documents to review document updates. Select Document List to review updates. New Functionality Vanceo now supports navigating to the Transaction Summary page from the Transaction Details page. Select View Summary from in the header to view task and comment information (including task and transaction comments) on a transaction. For Vanceo Help information, select Transaction Summary You can now use Integrated Tasks in your Vanceo Processes. For Vanceo Help information, select Integrated Tasks and contact a Wolters Kluwer Administrator if you want to take advantage of this functionality. Integrated Tasks: Selecting Start Task on a Vanceo Integrated task goes to the starting location to complete the task from within the transaction details. For examples of decision tasks and integrated task definitions, select Vanceo Default Process v 19.04.07.02. On the Collateral page for Freddie Mac transactions, Desk Review was added as a new option for Valuation Method. When this option is selected, the value will flow to both ULDD and UCD. The text 'This information prints to the Uniform Residential Loan Application (1003) and the Loan/Uniform Underwriting and Transmittal Summary documents' under the Source of Funds section on the Financial Analysis page has been removed since it is no longer accurate. The Source of Funds information will now be also consumed by the Credit Application Real Estate and Universal Credit Application Real Estate HMDA. The documents have been updated so Source of Down Payment now print the information entered in Source Description for the first Down Payment Type on the Financial Analysis page. Previously, Source of Down Payment was editable, and the down payment source description could be entered directly in the documents. Consequently, the existing Inhouse transaction, where Use Fannie Mae 1003 Freddie Mac 65 URLA is not selected under the Note section on the Document Data page, has been updated. If a value is entered in the Source of Down Payment in the Credit Application Real Estate or the Universal Credit Application Real Estate HMDA, the data from the Source of Down Payment will be transferred to Source Description with the Down Payment Type set to Other under the Source of Funds section on the Financial Analysis page. Review your Inhouse transactions, where the Use Fannie Mae 1003 Freddie Mac 65 URLA is not selected, to verify the Source of Funds information is accurate. Updates to Existing Functionality While running the OFAC Check in Party Management on the parties who are on the Specially Designated Nationals and Blocked Persons List, a permission error displayed. Changes were made and now, the OFAC Check results will display instead of the error. On the Parties page, when previously selecting Current Employment under Employment Information, End Date displayed. End Date will now conditionally display only when Previous Employment is selected. With this change, a user can now auto-fill the years and months on the job for the current employment. What's New for Interfaces New Functionality On the Calculations page in the Automated Underwriting section, Loan Prospector has been changed to the Loan Product Advisor in the HMDA Preview Report. Only the name changed and does not include changes to functionality. The new title corresponds to the release of the Freddie Mac Loan Product Advisor underwriting system (former Loan Prospector). Updates to Existing Functionality This release does not include updates to existing functionality.
April 2019 | What's New Click to review What's new with the Documents Click to review the Document List New Functionality You can now use Decision Tasks in your Vanceo Processes. Decision Tasks require task assignees to select a decision outcome before completing the task. A decision outcome is irreversible and typically leads a financial institution’s process down a different path. After a decision outcome is selected and confirmed, the task is denoted as completed . For Help information about this new function, select Decision Tasks. Please contact a Wolters Kluwer Administrator if you want to take advantage of this feature. Updates to Existing Functionality Per customer request, when a late charge appears in the Late Payment section of the Loan Estimate and Closing Disclosure that is an even percent, the zeros will now be truncated to match the model disclosures. Example: 5.000 percent will be 5 percent. An issue has been resolved where the Borrower-Paid At Closing column for Line 08 Aggregate Adjustment within section G. Initial Escrow Payment at Closing of the Closing Disclosure printed 0.00 when the Aggregate Adjustment was blank on the Calculations page or an Aggregate adjustment is not applicable (i.e. the escrow account was waived). When the Aggregate Adjustment is blank or the Property Costs section is not completed or not applicable, Line 08 Aggregate Adjustment will be blank on the Closing Disclosure. For existing transactions, review, calculate, and recreate the Closing Disclosure if necessary. The Estimated Escrow row in the Projected Payments table was inappropriately printing -- (dashes) in the Final Payment column on the Loan Estimate and Closing Disclosure for balloon loans where the escrow account was not set up or it was set up just for the purpose of adding the mortgage insurance. This has been resolved and 0 (for Loan Estimate)/0.00 (for Closing Disclosure) will be printed for the Estimated Escrow in the Projected Payments table instead of -- (dashes). The balloon transactions with no escrow payments should be recalculated to get the correct value on the Loan Estimate and Closing Disclosure. What's New for Interfaces New Functionality Freddie Mac Loan Product Advisor renamed to Freddie Mac Loan Product Advisor Interface Freddie Mac renamed their Automated Underwriting System (AUS) from Loan Product Advisor to Loan Product Advisor when it became the cornerstone of the Freddie Mac Loan Advisor Suite®. Additionally, they completely redesigned the Loan Product Advisor Feedback Certificate to improve usability. With this release, we have taken the opportunity to improve the ComplianceOne experience when interacting with Loan Product Advisor. For Help information, select Freddie Mac Loan Product Advisor. The following changes were made: Loan Product Advisor was renamed to Loan Product Advisor throughout ComplianceOne. Property Estimated Value and Appraised Value were removed within the Loan Product Advisor view as these values are being sent based on data entered on the Collateral view. This change allows Automated Collateral Evaluation (ACE) from Freddie Mac. A Verification Services section was added within the Loan Product Advisor view, allowing details to be entered about Asset and Income verifications performed external to ComplianceOne. Added a Source of Funds section within the Loan Product Advisor view so details can be entered about Down Payment sources. The new Freddie Mac Loan Product Advisor Feedback Certificate was added. Updates to Existing Functionality The Secure Document Exchange interface now retains the proper time zone when delivering documents to Wolters Kluwer E-sign.
March 2019 | What's New Click to review What's new with the Documents Click to review the Document List New Functionality With this release, a confirmation message will now display after successfully converting a transaction to Vanceo. Select Continue to work in the converted transaction or select Back to ComplianceOne to go to the ComplianceOne home page to convert or work in another transaction. This enhancement will assist with moving your in-progress ComplianceOne pipeline over to Vanceo. On the Loan Definition page, the use of HMDA Applies and 2018 HMDA Rule Applies has been revised. All newly created transactions or existing 2018 HMDA reportable transactions (where both HMDA Applies and 2018 HMDA Applies were selected) will now only have one HMDA Applies option on the Loan Definition page. Selecting HMDA Applies will display all the HMDA related options and the HMDA page. For existing 2017 HMDA Reportable transactions where only HMDA Applies was selected, but 2018 HMDA Rules Applies was unchecked on the Loan Definition page, there will be no change. In this scenario, if the user selects 2018 HMDA Rule Applies, the Loan Definition page will only display HMDA Applies after saving. On HMDA reportable transactions where HMDA Applies (Previously 2018 HMDA Applies) is selected, Property Value will now report the lesser of the Sales Price or the Appraised Value of the property on the Collateral Information page. If the transaction has more than one property, the Property Value is now the lesser of the combined Sales Price or the combined Appraised Value for all collaterals. For existing transactions, the updated Property Value will display when viewing the Preview LAR record. In accordance with the HMDA 2019 Filling Instruction Guide, Credit Scoring Model options on the Financial Analysis page were relabeled. Option 2 is now Experian Fair Isaac Risk Model v2, option 3 is now TransUnion FICO Risk Score Classic 04, and option 4 is now TransUnion FICO Risk Score Classic 98. The updated Credit Scoring Model descriptions will print to the HMDA LAR Preview Report for an applicant and /or co-applicant. On the Calculations page in the Automated Underwriting section, Results now includes new options. The options (Accept/Eligible, Accept/Ineligible, Accept/Unable to Determine, Refer with Caution/Eligible, Refer with Caution/Ineligible, Refer/Unable to Determine, Refer with Caution/Unable to Determine) are specific to the Guaranteed Underwriting System (GUS) and can be selected for HMDA reportable loans with an action taken date on or after January 1, 2019. Updates to Existing Functionality This release does not include updates to existing functionality. What's New for Interfaces New Functionality The user experience has been improved to present credit service reports in a separate tab within the ComplianceOne credit service view with inline viewing capabilities including the ability scroll, zoom, download, and print for PDF reports, where applicable. Returned credit reports for Kroll Factual Data (Lender and Consumer), CBC Innovis (Lender only), and SettlementOne (Lender only) can now be opened by selecting the report in the Credit Report section or on the Report Tab. Kroll Factual Data and SettlementOne Credit Services offer the Lender Credit Report in a PDF format. CBC Innovis Lender Credit Report and Kroll Factual Data Consumer Credit Report are not available in a PDF format from these partners. The reports will continue to be presented as an HTML report on a tab with view, print, and scroll capabilities. All other capabilities for the Credit Services remain the same. Updates to Existing Functionality This release does not include updates to existing functionality.
February 2019 | What's New Click to review What's new with the Documents Click to review the Document List New Functionality The ComplianceOne Home page grid has been changed to display longer values within the Party, Loan Number, and Modified By / Created By columns. Previously, longer values would either wrap or extend the grid length. The ComplianceOne Home page grid now shortens longer values that previously extended past the column width. Shortened values are identified by an ellipsis (...) at the end of the value. The full value may be viewed by hovering over the associated value in the Party, Loan Number, or Modified By / Created By column. On the Calculations page, if Action Taken Date is during 2018 or after, HMDA licensed users can preview, insert and update the LAR records and HMDA non-licensed users can preview and create LAR records on the HMDA page. If Action Taken Date is prior to 2018, the File Name section and Preview, Insert, Update, Create LAR Record buttons will not be available. With this release, the Loan Discount fee in the Fees section of the Calculations page cannot be selected as a Fixed amount. The fee will default as a Percent of the Loan Amount. After a percent is entered, the fee is automatically calculated based on the Loan Amount. Previously, the fee was disclosed as 0% of the Loan Amount on the Loan Estimate, Closing Disclosure, and Lock-In Agreement-NY.For current transactions with a Loan Discount Fee where Fixed amount is greater than 0.00 or Unpaid Principal Balance is selected in the Percent list, the fee must be updated on the Calculations page and documents should be regenerated as needed. In the Fees table, the label of a Loan Discount fee item displays in red text. Hover text tells users they must select the Loan Discount fee to update it on the Fee Details page. On the Fee Details page for the Loan Discount fee, either one or both of these two validation warnings display: Loan Discount fee cannot be entered as a Fixed amount. The Fixed amount needs to be converted to a Percent amount. You will need to complete the Percent amount to replace the invalid Fixed amount for this fee. Percent amount should be based on the Loan Amount. Please select Loan Amount. On the Print page, the following validation warning appears: Loan Discount fee amount is required to be entered as a Percent value of the Loan Amount. To overwrite warnings, see How do I override a validation warning? The Loan Discount Fees previously set up in Administration as a Fixed amount or with Amount Requested selected in the Percent list must be converted to a Percent amount to avoid these warning messages at transaction time. Updates to Existing Functionality In the Credit Report section on the Financial Analysis page, the Credit Score Used for Risk Based Pricing, Use on Notice of Action Taken and Credit Score Used in Interface check boxes did not collapse when the Credit Report section was collapsed. Changes were made to now collapse the section correctly. With this release, the HMDA list used to filter transactions on the Home page has been removed. Submitted transactions can be filtered on the HMDA Processing page by selecting an option in the Submitted list. What's New for Interfaces New Functionality This release does not include updates to new functionality. Updates to Existing Functionality This release does not include updates to existing functionality.
January 2019 | What's New Click to review What's new with the Documents Click to review the Document List New Functionality The Complete Transaction feature has been added to ComplianceOne assumptions. Users with the Complete Transaction permission in Security Administration can now take action in the transaction header to complete an open transaction and make the transaction read only. Review your Mortgage Loan Originator and Custom roles in Security Administration to activate the permissions for your users if you want to take advantage of this new feature. For more information, refer to the Transaction Actions section on the Getting Started page in Help. The ComplianceOne Home page has been updated to filter out Completed Transactions by default, and a new filter has been added to the list of filters. The Reopen Transaction feature has been added to ComplianceOne assumptions. Users with the Reopen Transaction permission in Security Administration can now take action in the transaction header to reopen a completed transaction to make it editable again. Review your Mortgage Loan Originator and Custom roles in Security Administration to activate the permissions for your users if you want take advantage of this new feature. For more information, refer to the Transaction Actions section on the Getting Started page in Help. With this release, the Demographics page will not contain the text, ‘If you will be reporting 2017 HMDA data, select only one option.’ in the Ethnicity and Sex section because 2017 HMDA reporting has been completed. For transactions subject to HMDA, you will continue to collect the demographic information as you have done previously. Similarly, for transactions that are not subject to HMDA, the removal of the text reference does not change your current workflow of collecting the demographic information. In Document Data for the Notice of Action Taken, the following were moved from the Transaction Data section to the Note section. Action Taken Description applies when the Loan Decision is Denied. Date Notice of Action Taken Offer Expires applies the Loan Decision is Counter Offer or Counter Offer with Denial. Loan Description applies when the Loan Decision is Counter Offer, Counter Offer with Denial, or Denied. For existing transactions, the data previously entered will be retained and appear in the Note section. The link to HMDA Wiz will no longer appear in the Menu because 2017 HMDA reporting has been completed. Now, all the data related to HMDA is collected throughout the workflow. Updates to Existing Functionality When Demographic Information is selected on the Parties page and HMDA applies check box is cleared on the Loan Definition page, the demographic information remains saved on the Parties page. Previously, the information was not saved on the Parties page. For all existing transactions, review the demographic data for all borrowers and cosigners on your transactions after HMDA applies is unselected. Employment information can now be added to an existing or newly added borrower on the Parties Details page without an error message displaying. Previously, an error message displayed when adding borrower information. Previously, on the Financial Analysis page when 8 = Other Credit Scoring Model was selected for Credit Scoring Model, a description was entered in Other Description, and a different option was selected for Credit Scoring Model, the wrong code previewed on the HMDA LAR Record. Changes were made so the correct code will now display in the above scenario. When existing transactions are recalled, the code will match the last selection made for Credit Scoring Model. It's recommended that you review your selection in the Credit Scoring Model and validate the appropriate code shows on the HMDA LAR record for existing transactions. With the May 2018 release, an issue was introduced where Alimony, Child Support and Maintenance income amounts did not flow to the interfaces that used those values. This issue has been resolved. What's New for Interfaces New Functionality This release does not include updates to new functionality. Updates to Existing Functionality A transaction that had a credit report pulled prior to importing from MortgageBot and Standard Import will not display a generic user error after navigating to the Financial Analysis page. Previously an error displayed under these circumstances.