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# Prioritized Features

Following is a list of the top feature priorities for ComplianceOne mortgage SaaS. When the implementation method is understood and refined for each feature we will communicate a targeted release date. We will communicate interim processes where available.

Table 1. Features
Feature | Additional Information
--- | ---
Improve User Experience (UX) for Application Process Efficiencies | Target Release: Efforts continue to improve the user experience throughout the use of ComplianceOne so that users are more efficient in completing the Loan Application process and Closing Document packages. Continued areas of focus include: Increased template capabilities Improved data collection and reduction of duplicate data entry Improved application and denial workflows
UX Improvement Financial Analysis – Importing of $0 Liabilities | Improve ability to exclude all liabilities that have a zero balance from importing from the credit report. Also to selectively choose other liabilities to exclude. Interim Process Until improved, Lenders have the ability to use the “exclude” column found in the Liabilities section of Assets and Liabilities on the Financial Analysis page of ComplianceOne mortgage.
Support Generalized LenderCredits (an amount not attributable to a specific loan cost or other cost) | Ability to document a General Lender Credit(s) on a loan to reflect the terms and conditions offered the borrower(s). Interim Process: Until supported, Lenders have the option to designate specific fees as “Paid by Lender”. Note: ComplianceOne mortgage already accommodates Lender Credits in situations where a tolerance between the LE and the CD occurs.
UX ImprovementCollection of data about Parties to the transaction | Improve collection of Party data collection by consolidating where the data is collected. Interim Process Current data collection capabilities.
UX Improvement Cash to Close | Simplify collection of data and population of the Cash to Close frame within the Calculations page and the Cash to Close sections of the Loan Estimate and Closing Disclosure. Interim Process: Current data collection capabilities.
UX Improvement Consolidate Payoffs and Sales Price Calculations Page | System calculate values to populate the Cash to Close section of the Calculations page (such as the Total Existing Debt Being Satisfied) based upon the liabilities entered on the Financial Analysis page and marked as "payoff". Interim Process: Current data collection capabilities.
UX Improvement Consolidate Payoffs and Payments Disbursement Page | Ability to enter Payoffs and Payments information once within the system and have it populate to the Disbursement page. Interim Process: Current data collection capabilities.
Split a Fee between Borrower/Seller/Lender or Other | Ability to split and properly disclose the paid by value of a single fee between multiple parties. Interim Process: Until supported, a single fee must be designated as paid by Borrower, paid by Seller, paid by Lender, or paid by Other.
UX Improvement Closing Disclosure Page | Reduce the information on the Closing Disclosure page to data and information based upon transaction parameters. Also improve how the information is presented – intuitive to the Closing Disclosure for the user. Interim Process: Current data collection capabilities.
UX Improvement Vesting Language | Simplify and unify data entry for vesting language across documents. Interim Process: Current data collection capabilities.
UX Improvement Use Preconfigured Trustees in Transactions | Support ability to select a pre-configured organizational Trustee within Collateral page. Interim Process: Current data collection capabilities.
UX Improvement Transmittal Summary - Proposed Housing Expenses | Reuse data already collected and available within the Financial Analysis page to populate the Other Monthly Housing Expense field within the Calculations Page so that this data can then flow to the Transmittal Summary. Interim Process: Current data collection capabilities.
PMI Policies | The ability to preconfigure PMI policies within Administration to reduce manual, repetitive data entry by users at transaction time and reduce risk associated with manual user errors. Interim Process: Until available, details can be entered within Calculations page.
Loan Renewals | The ability to support Loan Renewals will be added in the future as part of the ComplianceOne mortgage SaaS prioritized roadmap. Interim Process: Until supported we are not aware of an interim process that can be used within ComplianceOne mortgage.
Consumer Purpose Real Property Loan secured by Multi-Family Dwelling (5+) | As TRID applies to consumer-purpose loans, customers need the ability to document loans where the collateral is a Multi-family Dwelling (5+). Interim Process: Until supported, the lender would need to document these loans outside the use of ComplianceOne mortgage.
Securing the Real Property Loan with Additional collateral | Includes (in priority order) Collateral; Financial Assets/Possessory Collateral; UCC Collateral; and Titled Motor Vehicles. Interim Process: Until supported, the Lender would need to do consumer loans within ComplianceOne lending against the non-real property collateral and document value of the real property loan within ComplianceOne mortgage.
Construction/Perm - Subsequent Rate Change Period | Provide ability that allows the Phase 2 subsequent rate change period to be different from the initial Phase 2 rate period. Interim Process: Until supported, subsequent rate change must be same as the initial rate period.
Variable Rate – Specific Value for Initial Rate Definition | Ability to define a specific value for the initial rate as well as allow the specific value to be below the margin. Interim Process: Until supported, utilize available options of equal to market rate, premium, or discount. Until available, the specific value cannot be below the margin.
Construction/Permanent Loan, Single Closing, Amortized Balloon | Ability to document an Amortized Balloon in the Permanent Phase of a Construction/Permanent Loan. Interim Process: Until supported, lender can A) Use Installment in Permanent Phase or B) Document as two separate transactions: 1) Construction Only loan and 2) Permanent financing ARM with an Amortized Balloon.
Construction Loans with a Single Payment | Ability to document a single payment on the construction or permanent phase of a construction/permanent loan. Interim Process: Until supported, Lenders can use an Interest Only option with monthly or quarterly payments or available installment options of quarterly, monthly, or every other week.
Simplex/Duplex Printing of Documents | Ability to print packages of documents according to desired user print selection with proper breaks between documents if duplexing while enforcing recordable document needs. Interim Process: Until supported, the Lender can duplex documents by printing each document – the user must be aware of any recordable document constraints for their jurisdiction.
Refinance –Multiple Advance for Cash-Out Closed-end In-House loan | Ability to document in-house, fixed or variable rate, multiple advance, cash-out, closed-end refinance loan. Example: Refinance a construction loan not fully advanced with additional money. Interim Process: Until supported additional cash must be provided in a single advance.
Account Number Generation | Ability to configure and utilize Automated Account Number generation for transactions. Interim Process: Until supported, Account Numbers can be generated in ComplianceOne lending and then manually entered in the Load Definition area of ComplianceOne mortgage.
Allow Escrow Reserves to be Financed | Allow Escrow Reserves to be “Added to the Amount Requested” for a loan. Interim Process: Until supported, lender can use either Subtract from Proceeds or Paid in Cash.
FNMA Biweekly Payment Frequency | Use of FNMA Biweekly repayment method for In-House Fixed/Variable Rate loans or Freddie Mac Fixed Rate loans. Interim Process: Until available, use Every Other Week repayment method.
Configure Watermarks on Documents | Ability for Administrators to configure the use of a watermarks on documents so users are able to distinguish originals from a duplicate versions (copies) of the document.