New Configuration option for calculating discount points based on the loan amount on a VA IRRRL instead of the prior lien balance. Please reach out to Customer Service if you would like this change.
Update to the programming of the Texas Home Equity Note (TXHESEC.NOT) for page 4, Section 13. Complaints and Inquiries Notice to be updated “…subject to oversight by the _______________________”. to default the form to add “Office of Consumer Credit Commissioner” but allow the option for other text to be added instead.
Update to TN state audit for the audit message to better describe when the interest rate exceeds the formula rate.
Update to programming of the Gift Letter (GL.MSC) to work with a new rule to provide one copy of the form for each gift of cash or gift of equity and to include the associated borrower on the form. This will only apply if the rule is added to a customer’s account. Please contact Customer Service if you wish to make this update.
Update to programming of VA Loan Summary (260286.VA) For 47C to mark approve if the value is “Approve/Eligible”.
Update to the programming of the Illinois Prepay Audit to look at APR instead of interest rate to trigger when rate exceeds 8%.
New plan update of all Deeds of Trust and Mortgages to allow for the option to choose between “Subject Property' address or ‘Currently Residing In' address to be used on pg 1. Please contact Customer service if you would like to update your settings.
Added a new audit that checks if the prior lien balance is missing in VA IRRRL loan types.
Update to the programming of eSign Disclosure and Consent (ESDC.MSC) for applicability when there is a title only borrower.
Update to the programming of 8821 Tax Information Authorization to add the date in the date field next to the signature line field, when form is esigned.
