The Underwrite As attribute is used to override the Product Type of the deal product to ensure that CMHC receives the correct information in order to charge the correct premium (i.e., LOC will have a higher premium). A multiple component product therefore must be assigned the Underwrite As value of either Mortgage (1) or Secured LOC (2). All values are as follows: 0 = blank 1 = Mortgage 2 = Secured LOC The configuration options documented on the previous page are illustrated in the table below to provide examples of how multiple component products can be defined. Note that the products defined below may not necessarily reflect actual products, but do demonstrate the flexibility of Express to meet a lender’s demands. Configuration Options Result Multiple Can it also be Component Component or Product Component used as Eligible Underwrite As Standalone? Type Type Component? Flag (as per Product Type (as per Component and Component Type attribute) Eligible Flag) Mortgage y Mortgage Mortgage Multi Component Yes Mortgage n Mortgage Mortgage Standalone Yes Mortgage y 0 Mortgage Multi component No Mortgage n 0 Mortgage Standalone No 0 n Mortgage 0 Neither Yes Line of y Line of Credit Line of Credit Multi Component Yes Credit Line of n Line of Credit Line of Credit Standalone Yes Credit Line of y 0 Line of Credit Multi Component No Credit Line of n 0 Line of Credit Standalone No Credit 0 n Line of Credit 0 Neither Yes Multi y 0 Mortgage Multi Component No Component Multi y 0 Line of Credit Multi Component No Component 0 n Loan 0 Neither Yes 0 n Overdraft 0 Neither Yes 0 n Credit card 0 Neither Yes
The Underwrite As attribute is used to override the Product Type of the deal product to ensure that CMHC receives the correct information in order to charge the correct premium (i.e., LOC will have a higher premium). A multiple component product therefore must be assigned the Underwrite As value of either Mortgage (1) or Secured LOC (2). All values are as follows: 0 = blank 1 = Mortgage 2 = Secured LOC The configuration options documented on the previous page are illustrated in the table below to provide examples of how multiple component products can be defined. Note that the products defined below may not necessarily reflect actual products, but do demonstrate the flexibility of Express to meet a lender’s demands. Configuration Options Result Product Type Component Eligible Flag Component Type Underwrite As Multiple Component or Standalone? (as per Product Type and Component Eligible Flag) Can it also be used as Component? (as per Component Type attribute) Mortgage y Mortgage Mortgage Multi Component Yes Mortgage n Mortgage Mortgage Standalone Yes Mortgage y 0 Mortgage Multi component No Mortgage n 0 Mortgage Standalone No 0 n Mortgage 0 Neither Yes Line of Credit y Line of Credit Line of Credit Multi Component Yes Line of Credit n Line of Credit Line of Credit Standalone Yes Line of Credit y 0 Line of Credit Multi Component No Line of Credit n 0 Line of Credit Standalone No 0 n Line of Credit 0 Neither Yes Multi Component y 0 Mortgage Multi Component No Multi Component y 0 Line of Credit Multi Component No 0 n Loan 0 Neither Yes 0 n Overdraft 0 Neither Yes 0 n Credit card 0 Neither Yes
Express_GR_v4%201_Functional_UAT_Rel_Notes_FR.docx