We’re pleased to announce the latest release of our Mortgage POS Platform, Version 3.11.0. Besides continual improvements in system stability, this changelog calls out two feature enhancements and some notable system stability updates.
1. Feature Development
1.1 Automated Bank Statement Condition Capability
A condition instructing a borrower to provide bank statements can now be automatically created if the borrower skips bank statement import during the borrower application workflow. This condition is created and shown on the borrower dashboard. This configuration can be turned on or off facilitating a more lights-out workflow for processors, loan officers, and borrowers alike. Speak to your client success representative for more information.
1.2 Validation Message for Non-Qualified Mortgage (Non-QM) Data
We have implemented a validation check for Optimal Blue Non-QM pricing, which displays a reminder when the DSCR field is left empty on Debt Service Coverage document-type loan scenarios. This helps decrease the number of ineligible loan products, increasing accuracy when pricing Non-QM loan scenarios. The feature works for both lender and broker pricing interfaces (see the screenshot).
2. Stability Enhancements
- Enhanced the accuracy of the debt-to-income ratio calculation relayed from an external Loan Origination System (LOS).
- Corrective maintenance was performed on the Mortgage Call Report data mapping function to increase reporting accuracy.
