We are excited to announce the release of version 4.11.0.1 of the Bright POS, which includes the following improvements:
1. Mortgage Director – Streamlining borrower employment and income input
Enhanced borrower experience for Mortgage Director by streamlining employment and income entry. We removed “Retired” as an option under Employment, renaming it to “Other” and allowing retirement income to be entered solely under “Verify-Other-Income.” This change prevents duplicate entries in Mortgage Director by pushing only the actual income amount provided by the borrower.
Contact BSM to enable this feature.
2. Mortgage Director – Expanded Military Branch Options for Veterans and Mortgage Benefits
This feature enhances the integration between BSM and Mortgage Director by adding Space Force, USPHS Corps, and NOAA Corps as selectable military branches in the borrower workflow and LO portal. These additions support broader eligibility for veterans and mortgage benefits, with Space Force mapped directly to “Space Force” and USPHS Corps and NOAA Corps mapped to “Other” in Mortgage Director, ensuring accurate data processing and streamlined qualification for all eligible applicants.
3. Automatic Condition Satisfaction for Closed Loans
In this release, we introduced a setting that allows all open conditions to be automatically marked as “satisfied” when a loan is closed or reaches an inactive status (withdrawn, canceled, or declined). This enhancement prevents borrowers from mistakenly uploading documents to these conditions after the loan has closed, streamlining their experience and reducing post-closing confusion. By enabling this feature, only active conditions remain visible, making the loan process clearer and more efficient for both borrowers and lenders.
Contact BSM to enable this feature
4. DocMagic integration enhancement
We’ve enhanced our DocMagic integration to improve the efficiency and accuracy of rate data for lenders.
Here’s what’s new:
- For LQB lenders: If the par rate is not set, the integration will now automatically pull this rate from LQB.
- For all lenders using DocMagic: The integration will now populate the CurrentRateSetDate and PreDiscountedInterestRatePercent fields with values, if they exist.
These enhancements streamline the process for lenders and ensure critical rate data is readily available and accurately populated in the system.
