Pipeline Solutions News

8-22-2011 - Pipeline Update Released (Version 5.9.4.1)

• Corrected the Amortization Schedule and Fully Indexed Rate calculations to recognize rounding options set on the loan features screen. Fully indexed rates will round, up, down or to the nearest x.xxx percent (usually 0.125). The resulting rate flows through to the amortization schedule when copying loan data to pre-populate the amortization/APR calculator screens.
  
• Corrected a fatal error when trying to export HMDA data in Questsoft's HMDA Relief format.

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7-5-2011 - Pipeline Update Released (Version 5.9.4.0)

• Added NMLS#'s to Company Information. Use the Company Information option on the Maintenance menu and enter your MLO NMLS# for each company you have installed. When creating a new loan or selecting the MLO from either the Related Parties screen or on the last page of the loan application, the NMLS# will auto-populate.
  
• Added NMLS#'s to Users/Personnel. Use the Users/Personnel option on the Maintenance menu and enter your REP's NMLS# for each originator you have licensed. When creating a new loan or selecting the a loan officer from either the Related Parties screen or on the last page of the loan application, the REP's NMLS# will auto-populate.
  
• Added both the Mortgage Loan Originator's NMLS# (Company), and the Rep's NMLS# (Loan Officer) to the GFE, TIL, Cover Letter, and GFE acknowledge documents. The regulations states that the NMLS# must be included on the INITIAL written or electronic correspondence with the Borrower. There is NO final rule as to which documents require these numbers. However, we are including the NMLS#'s just in the case the documents stated above constitute initial correspondence.
  
• Updated the Adverse Action Notice (Statement of Credit Denial) to include fields for the latest Dodd-Frank rule pending final approval and implementation by 7-21-2011. Pipeline may updated this form and the automation of the new fields when final approval is issued by the Fed. The new Credit Denial form is a two-page, letter-size document.
  
• Updated the FHA Multi-state Mortgage Note to the latest version.

Click here to access the update page.