Point combines the latest technology and compliance measures with the functionality that mortgage professionals require for loan marketing, prequalification, origination, and processing. Point includes all the features, forms and reports that you need to manage your business without requiring any add-on modules. Developed by mortgage professionals, Point works the way you do. Best of all, it's extremely easy-to-use so you can concentrate on your work, not your software.
v7.6 [Apr 19, 2012]
New Functionality:
- Created a Uniform Collateral Data Portal (UCDP) screen that enables the delivery of Uniform Appraisal Dataset (UAD) files to Fannie Mae and Freddie Mac.
- Created a Regulator Connect Report to aid in the submission of e-Exam data to State auditors.
- Added eDisclosure functionality that enables the automated delivery of disclosures to the borrower via WebCaster*. This feature will be enabled in the next WebCaster release scheduled for 5/10/2012.
- Added document request and collection functionality that enables the automated request and receipt of documents from borrowers via WebCaster*. This feature will be enabled in the next WebCaster release scheduled for 5/10/2012.
- Improved Calyx Loan ScoreCard integration by adding a short cut to the FHA Transmittal Summary screen and the Interfaces menu.
- Added additional fields to enhance the integration with Closing Document vendors.
- Created new functionality to deliver more timely form updates.
Forms:
- Updated the 4506 and 4506-T tax forms to be compliant with the latest IRS version.
- Updated the W9 tax form to be compliant with latest the IRS version. Provided a co-borrower version of the form.
- Updated the 8821 tax form to be compliant with latest the IRS version.
- Corrected the text in the TX Residential Mortgage Loan Originator Disclosure.
- Updated the Notice of Withdrawn Application and ARM disclosure (Initial) to correct typographical errors.
- Corrected the Itemization of Amount Financed to show the Loan discount fee in AMOUNT PAID ON YOUR ACCOUNT section when marked as PFC.
- Updated the Brokerage Business Contract to be compliant with the Loan Originator compensation rules.
- Corrected the Florida Mortgage Brokerage Agreement to prevent the ARM section from being populated for fixed rate loans.
- Updated the MLDS 883 - page 2 to prevent dollar signs printing in the Priority column.
- Corrected the Privacy Policy Disclosure to enable the website to be printed in the Questions section on page 1.
- Updated the print and print preview forms list so that the Notice of Action Taken displays in alphabetical order.
TIL:
- The disclosure of Escrow payments in the Interest rate and Payment Summary table are independent of “Loan does not have an escrow account” on the GFE.
- Updated the APR warning message.
- Extra payments are taken into account when calculating mortgage insurance.
Printing:
- Custom forms can be saved to PDF files without error when password protection is selected.
- Forms can be saved as PDF to a long folder path without error.
- Forms print correctly when the Privacy Policy Disclosure form is part of a Print Group.
- Print preview shows an accurate representation of the custom form selected.
HUD-1A:
- Principal box in the "Your initial monthly amount owed for principal, interest and any mortgage insurance is:" section is checked for fixed interest loans.
Fees worksheet:
- All calculated fields are recalculated after a closing cost scenario is applied.
Services and Interfaces:
- Closing Docs Response documents can be viewed without error.
- Section 7 of the Fees Worksheet is populated correctly when a MISMO 2.6 file with WebConnect is imported.
- State FIPS codes are populated when a flood certification is requested.
- Point sends payoffs when Initial Disclosures are requested from a Closing Documents vendor.
- Point detects invalid UAD files.
- Year Adq is populated correctly when importing from Fannie Mae DO/DU file.
- Purpose of Loan is populated correctly when importing from Fannie Mae DO/DU file.
- Liabilities are created without error when importing from a Fannie Mae DO/DU file.
- When an REO is marked as subject property Closing Documents are returned without error.
- Aggregated escrows are not recalculated during exports when Aggregated Adjustment is disabled in the Fees Worksheet screen.
- Loan data imports from Freddie Mac without blank co-borrower files being created.
- The Purpose of Refinance field is imported from a lender or vendor with the correct value.
- Documents with special characters &, <, >, “, or ‘ can be sent to Verifications vendors.
- When adding a new seller in the Banker>Closing Documents>Basic Loan Information screen, all the Seller fields default to blank for a new entry.
- The Trust or Corporation indicator for sellers in the Basic Loan Information screen for Closing Documents exports correctly for all Seller entries.
- When Credit and Underwriting Findings are received from Fannie Mae, the credit reference number in the Services > Credit Reports interface is not imported.
- When Estimated Closing Costs are exported to a lender or vendor, a negative value can be sent.
- When Aggregate Escrow Adjustment is exported to a lender or vendor, a negative value can be sent.
- The Fannie and Freddie ULDD export includes the following additional fields in the ULDD XML file: Property County, Manufactured Home Manufactured Year, Manufactured Home Width Type, Income Documentation Level Identifier, Housing Expense Ratio Percent, and Total Debt Expense Ratio Percent.
- Sales concession field from the Freddie Mac Addendum no longer populated MIP refund on Loan Application (1003) - page 4.
Document Storage:
- Custom forms are saved correctly when 'Store as one file' is selected when printing.
- Custom forms can be viewed without error when Microsoft Office 2007® is installed with the latest updates.
- Error Code -30 does not appear when storing multiple forms into Document Storage.
Reports:
- The description for "Other" loan type is populated into custom or default report when "Other" loan type is checked.
- When choosing to display report results in a pre-formatted Microsoft Excel® file, .xlsx files can be selected.
General updates:
- Corrected Banker>Shipping screen "Uniform Loan Delivery Dataset" section label.
- The correct field ID is displayed when Cntrl I is pressed in date fields.
- Cntrl D is not enabled for locked fields.
- When a report has not been saved Point can be closed without error.
- Switching from loan file to template occurs without error.
- Cash-to-close matches across borrower and co-borrower files when liabilities are marked "will be paid off".
- Corrected "Alt" shortcuts in the Borrower Information screen to select the correct menu items.
- Forms can be removed from a stacking order without error.
- Tasks can be printed without error.
- Loan files can be emailed to Calyx support without error.
- When creating a borrower file from a prospect file, Taxes, Insurance and Other Fin fields are populated in the Loan Application (1003) - page 1.
- Male or female remains checked on the Loan Application (1003) - page 4 screen when swapping borrower and co-borrower.
- Line 11 of the FHA 2003(k) Worksheet is blank for new files.
- DTI remains unchanged in the borrower file after changes are made to a scenario in the Anti-Steering Disclosure screen.
- CC Adjustments for FHA on the Loan Application (1003) - Page 4 screen calculates correctly.
- Stacking orders can be copied without error in PointCentral.
- A more descriptive message is displayed when an invalid URL is entered while configuring Point for PointCentral.
- First Payment Date on the Fees Worksheet is highlighted when defined as required in a PointCentral rule.
Mall Creeps
