Applications & Technology

Loan Delivery Release Notes

See how we're updating our Release Notes to communicate new enhancements and future features available in Loan Delivery in this easy-to-read guide.

Effective Date Impacted Area Description
Feb. 22
Updated
Edit Updates See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • New warning edits related to Unpaid Principle Balance (UPB), Mortgage Insurance (MI), Original Term, and DU Compare.
  • Edits related to Unpaid Principle Balance, Mortgage Insurance, Loan to Value – Combined Loan-to-Value (LTV-CLTV), Borrower, Payment, Servicing Marketplace® (SMP®), and Property-Project Type changing from warning to fatal severity.
Effective Date Impacted Area Description
Mar. 22
Updated
Edit Updates See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • New warning edits related to Address, Loan Amount, LTV, Escrow, MI, DU Compare, Loan Program, Borrower, Appraisal, Lender, Property-Project Type, Entity, Investor, SMP, and Servicing Release Premium.
  • Edits related to UPB, Original Term, Loan Amount, MI, SMP, and Reference Data changing from warning to fatal severity.
Apr. 19
New
Edit Updates See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • Edits related to Borrower, Address, Payment, MI, Interest Rate, Amortization, ARM, UPB, Sales Price, Underwriting, Loan Purpose, LTV-CLTV, Entity, UPB, Lien Type, Automated Underwriting, Certification, SMP, Servicing Release Premium and DU Compare changing from warning to fatal severity.
Effective Date Impacted Area Description
Jan. 25
Edit Updates See the LD Edit Change Effective Date column in the Loan Delivery Business Rules for a listing of effective edit updates including:

  • Edits related to Interest Rate, Original Term, Servicing Marketplace® (SMP®), Credit Score, Property-Project Type, and Underwriting changing from warning to fatal severity
  • New warning edits related to Unpaid Principle Balance (UPB), Mortgage Insurance (MI), Address, Borrower, Reference Data, Commitment, DU Compare, Debt-To-Income
Feb. 1
Edit Updates Per Selling Guide announcement, SEL-2020-07, all eligible loans secured by a single-width manufactured home must be delivered with Special Feature Codes (SFC) 235 and 791. The following data elements must also be included in Loan Delivery:

  • ConstructionMethodType (Sort ID 51): Manufactured
  • ManufacturedHomeWidthType (Sort ID 33): SingleWide
Loan Delivery will auto-derive both SFC 235 and 791 based on the above delivered data elements and implement edits to support the Feb. 1 delivery date of loans secured by single-width manufactured homes.