January 10, 2024 Release Notes

AUS Audit - New field in LPA audit for Closing costs

We have added a new field to the audit of applications modal before running the LPA integration. Now, if the selected pricing option does not have closing costs, adding them to the application from this audit is possible. The LO can select between entering a specific amount or a percentage of the loan amount.

It is possible to configure a default value. This can be done from a customization at the Partner level, entering the percentage of the loan amount (integer or decimal) that is required by default.

LPA audit modal

The value can be in currency

Or as a percentage of the loan amount

• Value to Clients: Clients will be able to define their values if these are unavailable.

• Leveraging this Feature: This will be available to customers using LPA and will only appear if there is no estimated closing cost in the application when submitting it to LPA. Clients that want to configure a default value should contact us at [e-mail].

Overview Tab - Add decimal to LTV and CLTV ratios

We have improved the precision of the LTV and CLTV ratios in the Overview tab by adding a decimal point. Now, it will be easier to identify the accurate value of these ratios.

• Value to Clients: It will improve the use of the data shown in the decision making by LOs and Agents.

• Leveraging this Feature: This feature is available by default with this release.

Credit Pull - Improvement in the way liabilities are displayed

Previously, we only displayed liabilities with an Open status on our Credit Pull screen. However, sometimes, we receive liabilities without an account status value, which prevents us from showing the information for certain creditors like American Express.

We updated our display policy to show verified liabilities obtained through a credit pull with an unpaid balance and account status, except Paid or Closed. If we receive liabilities without an account status value, we will display them, but by default, they won't be included in the ratios. A message will show, "Unexpected account status - liability excluded from ratios. Edit to include in ratios."

It will be identified with a message when a liability does not have a status

When editing the liability you can decide whether to include it or not from ratios. By default it will be excluded.

• Value to Clients: It will increase the use of the Lender Hub, by allowing LOs to have visible information and be able to make decisions.

• Leveraging this Feature: This feature is available by default with this release.