đ ď¸IMPROVEMENTS
The Subject Property Qualifying Monthly Payment breakdown can now be viewed within the property tab.
The property/REO taxes, insurance, and other housing expenses are now listed monthly
AUS can now run TBD loans and supports positive rental history
There is now an error message displayed when trying to reissue credit when there are no available providers
The qualifying taxes and insurance fields now persist so that LOs can change the values
You can now save product information even if there is no value for loan amount
The pre-approval letter footer has been updated to pull in the LOâs email instead of the company's email
đNEW FEATURES
The Liabilities, Closing Costs, Key Dates, and REO tabs have been given a makeover- thanks in large part to your feedback! These tabs now include totals, summary rows, detail views, and more features to streamline your experience.
Liabilities and REO Updates
Liabilities
We have reorganized and streamlined the experience to help make it easier for you to easily understand the liabilities on the loan as well as added the ability to see zero balance liabilities.
Housing expense information will no longer be visible on the liability page
Within the table row, you will be able to exclude the liability from DTI and set it to payoff or not.
If needed, you can now pull in liabilities from the credit report that had a $0 balance. To do this, click âShow All accountsâ
By default Sonar hides any accounts that have a zero balance and are charged off.
REO
The REO tab now groups the properties by Occupancy Type.
Each table row shows key details about the property. Expanding the row you can see the additional REO Details, monthly housing expense breakdown, and the paired liabilities
Closing Costs
Each section row will display subtotals for the âBorrowerâ, âSellerâ, âOtherâ, and âTotalâ amounts.
Collapsing the sections will allow you to see a summary of the loan's total costs.
Key Dates & Milestones
Key dates and milestones were both reduced to remove any redundancy and be in line with industry standards, but more importantly, making it easier for you to progress the loan through the milestones and track key dates important to the loan's history.
For a full list of the milestones, see Milestone Progression, and for key dates see Key Dates
Within the âMilestone Checklistâ section, you can click the checkbox which will set the key date and move the milestone. You will also have the ability to see who changed the key date below.
đ Bug Fixes
You can no longer generate disclosures on loans without credit reports
Pre-approval expiration date issues
the loan export will no longer include housing expense liabilities
Pipeline loads data faster when scrolling quickly
When submitting an application, form inputs are disabled from further editing