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# Supported Features

The following ComplianceOne mortgage transaction features are supported or planned for future support.

Note: * Refinance as represented is the payoff of an existing real property loan and the consummation of a new loan.

Refinance as represented is not the modification/renewal of an existing mortgage loan

Table 1. Features
Supported Flexibilities Within Transactions | Available 01/19/18 | Target Available
--- | --- | ---
Channel Sources |  |
Banks | X |
Credit Unions | X |
Mortgage Types |  |
In-house Loans [Portfolio] | X |
In-House Construction Loans [Two-Phase Loan] | Single Fixed Rate or Const: Fixed Rate, Perm Variable Rat |
In-House Construction Only Loans | X Fixed or Variable Rate |
In-House Refinances* | X |
In-House Second Mortgages | X |
In-House Bridge Loans [12 or less months, closed-end, I/O with Balloon] | X |
Fannie Mae Fixed Rate Loans Purchase or Refinance Monthly payments | X |
Fannie Mae Variable Rate Loans Purchase or Refinance Monthly payments Reference above for scoped programs | X |
Freddie Mac Fixed Rate Loans Purchase Money or Refinance Monthly payments | X |
Freddie Mac Variable Rate Loans Purchase or Refinance Monthly payments Reference above for scoped programs | X |
FHA Section 203(b) Fixed Rate Loans Purchase and Refinance* | X |
FHA Section 251 Variable Rate Loans Purchase and Refinance* |  | TBD
FHA Section 203(k) Fixed Rate Rehab Loans |  | TBD
USDA Section 502 Rural Housing Loans Support of Initial and Annual Fee Calculations – not USDA specific documents | X |
Veterans Administration [VA] Guaranteed Loans |  | TBD
Parties to the Transaction |  |
Borrower, Individual, Owner Occupied | X |
Borrower, Individual, Owner Non-Occupied | X |
Borrower, Intervivos (Living) Trusts | X |
Borrower, Sole Proprietorship | X |
Borrower, LLC [Support mortgage lending to foreign nationals] |  | TBD
Co-signers | X |
Guarantor [Individual or Trust] | X |
Illinois Land Trusts | X |
Seller | X |
Power of Attorney Signatures | X |
Payment Information |  |
Interest Rate Type: |  |
Fixed Rate | X |
Adjustable Rate Including index, adjustment periods, conversion options, assumption options, and caps | X | Unsupported - a floor that is lower than the margin
ARM–Initial Rate | Equal to the Market Rate Premium Discount | TBD Specific Value Initial Rate lower than Margin
ARM–Ceiling Definition | Specific Value | TBD Relative to Initial Rate Relative to Market Rate
ARM–Floor Definition | Specific Value None | TBD Relative to Initial Rate Relative to Market Rate
ARM-Rate Change Information | Single Periodic Cap | TBD Multiple Periodic Caps
Repayment Method: |  |
Installment without Balloon [fully amortized payments] | X |
Installment with Amortized Balloon [In-House loans only] | X |
Installment with Amortized Balloon [Permanent Phase of Construction/Perm] |  | TBD Reference Section 3 for additional information
Installment with Balloon [In-House loans only] | X |
Interest Only [In-House Construction Phase only, Fixed Rate] | X |
Interest Only [In-House only, Fixed or Variable Rate] | X |
Payment Frequency: |  |
Biweekly [aka FNMA Biweekly] |  | TBD Reference Section 3 for additional information
Every Other Week [aka Biweekly] | X |
Monthly | X |
Quarterly | X |
Single Payment | Fixed Rate Non-Construction | Variable Rate and Construction - TBD
Annually | X |
Accrual Method: | X |
30/360 | X |
Actual/365 | X |
Actual/360 | X |
Actual/Actual | X |
Indexes: |  |
1 Year Treasury Bill (CMT) | X |
3 Year Treasury Bill (CMT) [In-House only] | X |
5 Year Treasury Bill (CMT) [In-House only] | X |
10 Year Treasury Bill (CMT) [In-House only] | X |
26 T-Bill Rate [In-House only] | X |
6M Wall Street Journal (WSJ) LIBOR [In-House only] | X |
1 Year Wall Street Journal (WSJ) LIBOR | X |
11th Dist. FHLB Cost of Funds (COF) [In-House only] | X |
JP Morgan Chase Bank Prime Rate [In-House only] | X |
National Avg. Contract Rate [In-House only] | X |
Wall Street Journal Prime [In-House only] | X |
Loan Features |  |
Applications – Fannie Mae 1003/Freddie Mac 65 ; WKFS Proprietary Application | X |
ARM Disclosure - Simplified, in transaction documents | X |
ARM Disclosure - 15 Year Index |  | TBD
ARM Disclosure - Combined, within transaction set of documents |  | TBD
Assignments | X |
Assumable Loans | X |
Barcodes in Taglines of Documents |  | TBD Reference Section 3 for additional information
Buy downs – Permanent (via Loan Discount) | X |
Commitment Letters | X |
Custom Documents via Professional Services, including Lender specific Privacy Document | X |
Demand | X |
Early/Upfront Disclosures TRID – Loan Estimate | X |
Escrows | X |
Export HMDA data to a Pipe Delimited File | X |
FHA Mortgage Insurance Premiums (MIP) and UMIP | X |
High Cost Mortgages [In-House only] | X |
High Priced Mortgages [In-House only] | X |
HMDA LAR Preview Report | X |
Homeownership Counseling List/Document | X |
Late Charges | X |
Imaging – support for downstream imaging workflows |  | TBD
Lien Position – Second or Junior [In-House only] | X |
Loan Amount Greater Than Sales Price/Appraised Value | X |
Loan Ratios: LTV, DTI, HTI | X |
Loan Renewals |  | TBD Reference Section 3 for additional information
MERS - Mortgage Electronic Registration Support MERS language within existing documents | X | X
MERS – Algorithm to support creation of the number | X |
Modifications | X |
NMLS Numbers - Organizations, Originators | X |
Origination Fees | X |
Private Mortgage Insurance [Installment loans without balloon payment] | X |
Rate Lock Agreement | X |
Secure exchange of documents and manage delivery/receipt requirements to Parties via WK E-Sign solution add-on | X |
Templates [Standard Product Features] Within Administration, ability to pre-configure Fees, Fee Policies, and associate to a Template for use at transaction time | X |
Templates [Standard Product Features] Ability to pre-configure field level attributes | X |
Collateral Categories and Types |  |
Real Estate or Residence: |  |
1-4 Family Dwelling | X |
Manufactured Home Permanently Attached to Real Estate | X |
Condominium | X |
Town home (PUD) | X |
Raw Land | X |
2-4 Family Dwelling | X |
Mobile Home (Personal Property/Residence) Note: Documented with Raw Land | X |
Consumer Purpose Loans with collateral types of: Multi-Family Dwelling (5+) |  | TBD Reference Section 3 for additional information
Consumer Purpose Loans with collateral types of: Non-Residential Real Property | X |
Additional Collateral: |  |
UCC Collateral – Equipment generally; Fixtures; General Intangibles |  | TBD Reference Section 3 for additional information
Financial Assets/Possessory – Bond; C.D./Share Certificate; Deposit/Share Accounts; Life Insurance Policy; Mutual Funds, Securities |  | TBD Reference Section 3 for additional information
Titled Motor Vehicle |  | TBD Reference Section 3 for additional information