We are excited to announce the latest release of our Mortgage POS Platform, version 3.07.0. This update brings several enhancements and improvements to provide loan officers with increased accessibility, compliance, and efficiency in their daily operations. Here are the key features and updates:
Product Access Versatility
Loan officers can now access all available loan products for their borrowers, regardless of whether the borrower/loan officer has already registered an FHA product. Previously, rerunning product pricing (PPE) after registering an FHA loan would only return more FHA loan options. With this update, loan officers will not be restricted from getting other loan programs from PPE. You can verify the update via Lock & Pricing tab (for retail lenders) or the Product & Pricing tab (for wholesale lenders).
(FDT-699)
Credit Pull Compliance
To ensure compliance with regulations, loan officers can no longer perform a soft credit pull on a loan file after previously conducting a hard credit inquiry. This update prevents loan officers from inadvertently violating credit assessment regulations and ensures accurate credit evaluation within the loan application process.
(FDT-759)
Pre-Qualification Application Upgrade
Loan officers can now upgrade a pre-qualification application to a full application with a click of a button, eliminating the need to manually re-work the loan file from scratch.
We added an Upgrade Application button under the General tab when you processing a loan file. This will seamlessly transform the loan application type from pre-qualification to a full application. The system automatically reprocesses credit, pricing, AUS submission, and all other loan information. In the borrower experience, the system will automatically move them to the right page.
(FDT-546)
