Jump to main content

# Unsupported Features

The following transaction features will not be available within ComplianceOne mortgage and are not currently planned for future support. These items will be considered if there is sufficient market need.

Table 1. Features
Product, Transactions, and Transaction Flexibilities Not Supported
Channel Sources Not Supported
Correspondents
Finance Company
Mortgage Companies/ Mortgage Brokers
Mortgage Products Not Supported
Cooperative Housing Real Property Loans
Fannie Mae - Standard Growing Equity [3255] - Standard Fixed/Adjustable Rate, Index =10 Year Treasury [3263] - Standard Biweekly with or without conversion [3264, 3265] - Standard Adjustable Rate, Index = 1 Year CMT, Programs = 3501,3503,3508,3523 - Standard Adjustable Rate, Index = 1 Year WSJ LIBOR, Programs = 3525,3527,3529 - Standard Adjustable Rate, Index = 3 Year CMT, Programs = 3504,3505 - Standard Adjustable Rate, Index = COF, Programs = 3510,3511 - Negotiated Texas Home Equity, Convertible, Index = 1 Year CMT [3523.44] - Negotiated Texas Home Equity, Non-Convertible, Index = 1 Year WSJ LIBOR [3528.44] - Negotiated Texas Home Equity, Convertible, Index = 1 Year WSJ LIBOR [3529.44] - Negotiated Texas Home Equity, Non-Convertible, Index = 10 Year CMT [3263.44] - Negotiated Adjustable Rate, Index = 5 Year CMT [3514] - Negotiated Navajo Nation Mortgages [3270]
Freddie Mac - Affordable Merit Rate Product [3294] - Standard Adjustable Rate, Index = COF [3510] - Standard Adjustable Rate, Index = 1 Year CMT, Programs = 3501,5511,5512,5513 - Standard Adjustable Rate, Index = 1 Year WSJ LIBOR, Programs = 5530,5532,5533,5534 - Standard Adjustable Rate, Index = 3 Year CMT [3504] - Standard Adjustable Rate, Index = 6 Month WSJ LIBOR, Programs = 5522,5524
FHA Title 1 Manufactured Home Loans FHA Second Mortgages/Liens
FHA Streamline Refinance
Home Affordable Refinance Program (HARP)
Leased Properties
Making Home Affordable Modification Programs (HAMP)
Mortgage loans to unincorporated U.S. Territories - Guam, U.S. Virgin Islands, Puerto Rico
Mortgage loans beyond 51 jurisdictions
Reverse Mortgages
State Housing Authority Loans
Mortgage Documents Not Supported
Documents for Secondary Market Investors other than Fannie Mae, Freddie Mac, or HUD/FHA
Electronic Booklets - HUD Settlement Cost Disclosure, Consumer Housing Adjustable Rate Mortgage Disclosure
Freddie Mac Master Form/Short Form Security Instruments
Servicing Workflow Phase Documents
Spanish or Bilingual Documents [except those mandated by regulation]
Transaction Features or Additional Capabilities Not Supported
Buy Downs - Temporary
Credit Life and Disability Insurance offered and documented with the mortgage loan
Collateral: Manufactured Homes Unattached to Real Property; Personal Property Residences (other than Mobile Home); Titled Goods
Debt Cancellation and Bundled Debt Cancellation offered and documented with the mortgage loan
Configure use of Maturity Date on Security Instruments Due to associated business/compliance risk, we will not be providing this capability in our standard product. Customer can engage Professional Services for custom documents if critical to their business.
Configure printing of Interest Rate on Security Instruments Due to associated business/compliance risk, we will not be providing this capability in our standard product. Customer can engage Professional Services for custom documents if critical to their business
Use of Electronic Signatures on documents
Negative Amortization
No Cost Loans
Parties to the Transaction - Entities other than Individual, Sole Proprietor, Trust, or LLC
Payment Frequencies: 73 Days, Bi-monthly, Semi-annually, Semi-monthly, Weekly
Preferred Rates
Prepayment Penalties
Private Mortgage Insurance – on Installment loans with Balloon payment
Repayment Methods: Mixed Principal and Interest, Level Principal Reduction, Irregular Payments
Skip Payments
Solve for term Calculations