Product Changes

Product Changes

Discover the latest updates and changes in our product.

Discover the latest updates and changes in our product.

June 30th, 2024

SmartMatch

SmartMatch

Pricing Engine

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SmartMatch


Pricing Engine

  • Built the front end for the pricing engine based on loan factory


June 27th, 2024

LOS/POS System

LOS

POS

LOS and POS System

  • Completed Financial Info, Borrower Info, and Loan Info tab

Rachel

  • Optimized for pop up inside other screens

  • Continuously adding knowledge based on knowledge gaps that come up


June 17th, 2024

LOS/POS/Documents

LOS

POS

DTI

LOS and POS System

  • Added Rachel inside the LOS system so that loan officers can quickly ask questions and reference guidelines

  • Document autofill, used document processing and dti calculation feature from DTI to autofill and autocalculate income

  • Made UI simpler and more intuitive

  • Added Rachel (Consumer facing) into the POS system so they can quickly get answers to any questions for the POS application

DTI

  • Added DTI onto main site

  • TODO: create a simple onboarding / walkthrough feature when someone is using it for the first time

  • If there are multiple borrower assets and debt documents, then it will be shown just like multiple borrower incomes

June 13th, 2024

Documents

DTI

Credit Report Fixes and Visual Update

  • Implemented fixes and visual updates to the credit report section, improving readability and usability.

Document Guideline Checks

  • Introduced automated checks for document guidelines, specifically for dates. The system will now describe why a document does not meet the guidelines and provide a suggested fix.

  • For Income, Debt, and Asset Documents

  • Loan Officer can dismiss the issue

June 12th, 2024

Co-borrower / Documents

DTI

Coborrower Income

  • After calculating the monthly income, provides a breakdown of the income from each borrower if there are multiple borrowers.

  • Displays the breakdown and contribution of each coborrower in the income section.

  • Includes an explanation for each coborrower income calculation in the view calculation button.

Document Identification

  • Assigns each document a year, type, and borrower

  • Accurately identify which documents have been added and identify which ones are missing (for coborrowers as well)

  • TODO: Add UI updates to show documents have been added, give correct UI prompts if a given document does not meet fannie mae lending standards for timeline (for example a bank statement from 1 year ago)



June 11th, 2024

DTI

Subject Property Enhancements

  • Added detailed breakdowns for taxes, insurance, HOA, and other costs.

  • Display the total amount of debt associated with the subject property.


Debt-to-Income (DTI) Composition

  • Introduced a hoverable question mark for an easy breakdown of each section’s (Debt, Income, Assets) composition.

  • Detailed breakdown of monthly debts into component parts (subject property, credit report debt, etc.).


Income Analysis Enhancements

  • Breakdown of monthly income into parts (W2 job, real estate income, variable income, stock income).

  • Added a summary to the income trend analysis, providing a comprehensive view of the borrower’s income trends based on provided documents.

  • Real estate income calculation adjustments: expenses are counted as negative income, and positive income is multiplied by 0.75 to account for potential fluctuations.


Variable and Stock Income

  • Only prompt the loan officer (LO) to add variable and stock income from previous years if the paystub includes such income.


Document Management

  • Improved sorting and organization of uploaded documents, particularly for assets, by date and account numbers for clearer grouping.

  • Inside the detailed document view, clicking will now take the LO directly to the specific document they selected.

June 10th, 2024

June 10th, 2024

June 10th, 2024

DTI

  1. Editable Fields and Recalculation:

  • Editable Base, Variable, and Stock fields for Paystub.

  • Editable total amount for W2.

  • Income is recalculated after editing.

  • After the user clicks out and clicks back in, the changes will still be reflected.


  1. UI and User Prompts:

  • Changed center pop-up to side pop-up.

  • Made the editable income fields more obvious to the user.

  • If the subject property is still empty after uploading documents, the user will be prompted.


  1. Income Trends and Flagging:

  • Added flagging of income changes year to year.

  • Flag major income changes between years.

  • Determine income trend for each borrower using these trends.

  • Determine the income trend for the Loan Officer.

  • Determine trends for base salary, variable income, and stock/RSU.