Form Updates

• Updated Texas Residential Mortgage Loan Originator Disclosure to conform to the new regulations.
• Updated VA Request for Certificate of Eligibility (26-1880), VA Interest Rate Reduction Refinancing Loan Worksheet (26-8923), VA Request for Determination of Reasonable Value (26-1805) and to be compliant with the latest version.
• Updated Right to Receive Appraisal form to be compliant with the new Appraiser Independence Requirements.
• Updated Mortgage Loan Origination Agreement form to be compliant with the new Loan Originator Compensation rules.
• Tax Return Request (4506-T) and Tax Request-ID Number and Certification (W-9) form prints clearly.
• Itemization of Amount Financed form prints Odd days interest once.
• HUD-1 page 3 prints daily interest on line 901.
• Statement of Credit Denial uses HMDA Action Date instead of Denial Date.
• New Statement of Credit Denial/Action Taken form to comply with Proposed ECOA form changes effective July 21, 2011.
• CA MLDS 882 form "initial commissions, fees and expenses" line on page 1 and page 2 match.
• Date populates in the Affiliate Business Disclosure form.
• The current reports have been updated as follows:
• To reflect the full loan amount (Field ID 819) in the Closed Data Region of RMLA Section 1 while still reflecting the Loan Amount (Field ID 11) in the Application Data Region per guidelines provided by the NMLS.

Fees Worksheet

• Transfer taxes remain after Point file is emailed.
• Paid by buttons remain labeled as Borrower after a file is copied with "only copy the 1003 data" option.
• Point data is mapped correctly after importing from WebCaster.
• All Block 2 fees are editable.
• Loan origination fee, loan discount fee, and VA funding Fee calculations are based off of existing loan amount for VA IRRRL loans.

Anti-Steering

• Borrower and Scenario files can be swapped.
• APR automatically updates.
• Borrower file can be included in Anti-steering disclosure.

Truth in Lending

• Consummation date can be user-defined.
• MI stops at 78% for FHA loans of 15 years or less and LTV 90% or higher.
• PMI calculation takes into account when MIP is paid in full in cash.
• Point remains unchanged when a GPM loan is defined.

1003

• Alternate Name fields on page 3 of 1003 are not synchronized across borrower and co-borrower files.
• Balance and Monthly Payment are bracketed when a Liability is maked as omited.
• Borrower and co-borrower Net Assets remain unchanged after assets or liabilities are edited.
• Down Payment remains unchanged after switching to Loan Comparison screen.
• Subject property obligations update when housing expenses are changed.
• Down Payment remains unchanged when printing forms.
• Only one lien position remains checked when changing the lien position of a loan.
• Conforming Loan is checked by default in the eLoanFile Loan Product screen for new loans.

FHA Combined Transmittal

• "All other payments" in the Debts and Obligations section calculates with all borrower and co-borrower data.

General Updates

• Transfer Taxes remain after Point file is emailed.
• Final Reconciliation status is included in the reports status selection window.
• Point data is mapped correctly after importing from WebCaster.
• The borrower and co-borrower Equifax credit score factors in the eLoanFile borrower page are not crossed.
• Prior Loan type remains checked in the VA loan Summary screen.
• Alternative loan scenarios are labeled as Scenario 1 and Scenario 2 in the Loan Comparison popup screens.
• HMDA report shows "1" in the loan amount column when a preapproval request is denied and the borrower did not state a loan amount.