Point® 10.7 SP1 Release Notes

New Features

Lender Loan Pg.2 - Added Borrower Paid Before Closing to calculate fees that the borrower has paid before closing.
Fees Worksheet – Added Borrower Paid Outside of Closing to print fees that the borrower has paid before closing.

Enhancements

Lender Loan Pg. 2 – Updated Closing Costs, Discount Points, and Credits to include fees when paid outside of closing.
Fees Worksheet – Updated Fees Worksheet and Fees Worksheet Summary printed form to print fees when paid outside of closing.
HMDA Reporting – Updated report to export Not Applicable for Credit Score and Credit Score model based upon the Action Taken.
Transmittal Summary – Updated Purpose of Refinance to auto-populate Limited Cash out Rate/Term when the Limited Cash-Out refinance checkbox is checked from the Borrower Information screen.

Resolution

Debt-To-Income Ratio – Resolved the investment property income/loss not calculating into the bottom ratio when the omitted checkbox was checked for Ins/Tax/Assoc (See Loan Application-Section 2 & 3: 3a Property You Own)