General Enhancements & Fixes General Enhancements to Express 4.1 consist of the following: Qualifying Details from Source of Business - The Underwriter Worksheet, Deal Modification and Deal Summary screens include a new section, Qualifying Details from Source of Business, which displays qualifying details as entered by the originator in Expert. Equity Take Out/Switch/Refinance Information - The Equity Take-Out/Switch/Refinance Information section in the Underwriter Worksheet, Deal Modification, Deal Entry and Deal Summary screen includes two new fields: Additional Details and Existing Account Reference. Workflow Regression - A change to the estimated closing date will trigger a re-calculation of the timestamps for open tasks (including Sentinel tasks), which have a duration or warning based on the estimated closing date. These tasks will then appear in the user’s work queue based on the re-calculated timestamp. The corresponding warning and expiry notifications will also be generated based on the re-calculated timestamp. Bilingual Deal Notes - Express now has the ability to display deal note information in English or French based on the Express user’s currently selected language. Rate Selection Since Last Pre-Approval Application Date - During firm up, all rates since the application date of the last pre-approval can be made available for your selection. Ability to Automatically Remove “On Hold” Message from Task when Hold Duration Expires - Express now provides the ability for a lender to choose whether the “On Hold” message automatically disappears when the on hold time expires. Determining the Sequence of Conditions/Clauses - With Express 4.1, a Lender must determine the sequence that conditions (clauses) will display in a Mortgage Commitment Letter or Certificate that is generated from Express. Support for Filogix Exchange 2.0 - Express supports Filogix Exchange 2.0, which creates folders and stores documents when deals are ingested and approved in Express. Fixes to Express 4.1 consist of the following: Setting Line of Business Limits by allowing $0.00 for non-decisioning users, and preventing negative line of business limits Closing the cancel mortgage insurance task for AIG UG Processing AIG UG follow-up responses to a “Risk” request Mortgage insurance updates
General Enhancements & Fixes General Enhancements to Express 4.1 consist of the following: Qualifying Details from Source of Business - The Underwriter Worksheet, Deal Modification and Deal Summary screens include a new section, Qualifying Details from Source of Business, which displays qualifying details as entered by the originator in Expert. Equity Take Out/Switch/Refinance Information - The Equity Take-Out/Switch/Refinance Information section in the Underwriter Worksheet, Deal Modification, Deal Entry and Deal Summary screen includes two new fields: Additional Details and Existing Account Reference. Workflow Regression - A change to the estimated closing date will trigger a re-calculation of the timestamps for open tasks (including Sentinel tasks), which have a duration or warning based on the estimated closing date. These tasks will then appear in the user’s work queue based on the re-calculated timestamp. The corresponding warning and expiry notifications will also be generated based on the re-calculated timestamp. Bilingual Deal Notes - Express now has the ability to display deal note information in English or French based on the Express user’s currently selected language. Rate Selection Since Last Pre-Approval Application Date - During firm up, all rates since the application date of the last pre-approval can be made available for your selection. Ability to Automatically Remove “On Hold” Message from Task when Hold Duration Expires - Express now provides the ability for a lender to choose whether the “On Hold” message automatically disappears when the on hold time expires. Determining the Sequence of Conditions/Clauses - With Express 4.1, a Lender must determine the sequence that conditions (clauses) will display in a Mortgage Commitment Letter or Certificate that is generated from Express. Support for Filogix Exchange 2.0 - Express supports Filogix Exchange 2.0, which creates folders and stores documents when deals are ingested and approved in Express. Fixes to Express 4.1 consist of the following: Setting Line of Business Limits by allowing $0.00 for non-decisioning users, and preventing negative line of business limits Closing the cancel mortgage insurance task for AIG UG Processing AIG UG follow-up responses to a “Risk” request Mortgage insurance updates
Express_GR_v4%201_Functional_UAT_Rel_Notes_FR.docx