What's New 2018
What's New describes key enhancements and important changes made to the administration product.
December 2018
On the Loan Definition page in the Policies section, Partially Exempt per S. 2155 has been added. Partially Exempt Lenders are exempt from collecting and reporting some of the HMDA data for transactions with an Application Received Date on or after 1/1/2018. When the policy is used in a ComplianceOne transaction, Partially Exempt per S. 2155 on the Loan Definition page of ComplianceOne will default selected or unselected based on the policy. The Allow User to Edit Field in Transaction option, which is selected by default, allow users to edit Partially Exempt per S. 2155 in a transaction.
November 2018 Assumptions
On the Contacts page, Loan Processor is now available as a contact type for individual contacts. After setting up Loan Processor contacts, you can designate a default contact for the Loan Processor on the Organizations page.
November 2018 Mortgage
On the Contacts page, Loan Processor is now available as a contact type for individual contacts. After setting up Loan Processor contacts, you can designate a default contact for the Loan Processor on the Organizations page.
November 2018 TSoftPlus
On the Contacts page, Loan Processor is now available as a contact type for individual contacts. After setting up Loan Processor contacts, you can designate a default contact for the Loan Processor on the Organizations page.
July 2018 Assumptions
In the Calculation Options section on the Calculation page in the Policies section, Calculate escrowed property costs over year 1 using the first payment date. was added. When selected, the Escrowed Property Costs over Year 1 is based on the first year starting from the First Payment Date. When unselected, the Escrowed Property Costs over Year 1 is based on the first year starting from the Closing Date. This addition is the result of the TRID amendments that go into effect on 10/1/2018 that permit a lender to choose which date to base their calculation on.
July 2018
In the Calculation Options section on the Calculation page in the Policies section, Calculate escrowed property costs over year 1 using the first payment date. was added. When selected, the Escrowed Property Costs over Year 1 is based on the first year starting from the First Payment Date. When unselected, the Escrowed Property Costs over Year 1 is based on the first year starting from the Closing Date. This addition is the result of the TRID amendments that go into effect on 10/1/2018 that permit a lender to choose which date to base their calculation on.
May 2018 Assumptions
On the Account Basics page, Do Not Allow Duplicate Loan Numbers has been added in the ComplianceOne® mortgage Account Settings section.
- If selected, a validation warning will display when a user enters a duplicate loan number on the Loan Definition page when completing a transaction in an account. A user can proceed without changing the loan number.
- 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 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.
May 2018
On the Account Basics page, Do Not Allow Duplicate Loan Numbers has been added in the ComplianceOne® mortgage Account Settings section.
- If selected, a validation warning will display when a user enters a duplicate loan number on the Loan Definition page when completing a transaction in an account. A user can proceed without changing the loan number.
- 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 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.
April 2018 Assumptions
In Administration, Exclude zero balance liabilities that are Paid or Closed has been added to Account Settings in the Account Basics section. Selecting the option allows administrators with the Manage Administrator permission to allow users to exclude liabilities that are paid or closed with zero dollar balances from importing from a credit bureau.
April 2018
In Administration, Exclude zero balance liabilities that are Paid or Closed has been added to Account Settings in the Account Basics section. Selecting the option allows administrators with the Manage Administrator permission to allow users to exclude liabilities that are paid or closed with zero dollar balances from importing from a credit bureau.