Release Notes - Byte Classic 6.100
Updated the 1003 Loan Application. The new form is required beginning July 1, 2010. The new loan originator NMLS identifier and originating company NMLS identifier fields were added to the bottom of page 3 of the 1003.
A new NMLS ID for loan officers was added to the Cardex. The NMLS ID is automatically copied to new loan files when you select the loan officer on the New File screen.
The Origination Company NMLS ID is set in the defaults. Select Customize / Utilities > Defaults Printing, and look for the field labeled "Page 3 - Origination Company Identifier / NMLS ID" on the 1003 tab. This value can be overridden on a file-by-file basis on the 1003 if necessary.
Updated the Fannie Mae submission file format
1) Added the following fields to the Fannie Mae submission file:
- Loan Originator Identifier (12 or fewer numeric characters)
- Loan Origination Company Identifier (12 or fewer numeric characters)
- Appraiser’s State License Number (Appraiser party)
- Supervisory Appraiser’s State License Number (added new 'Supervisory Appraiser's State License number' on the 'Appraiser' party screen)
2) Added an option to not include the loan originator and originating company ID's in submissions to Fannie Mae. To choose this option, go to the DO/DU on the Web default screen, and de-select 'Export NMLSID values in Fannie Mae data'.
3) Added the following options for the Fannie Mae FHA Gift Source (bottom of the Down Pymt Source dropdown list on the Underwriting tab):
- N/A
- Relative
- Government Assistance
- Employer
- Nonprofit/Religious/Community – Seller Funded
- Nonprofit/Religious/Community – Non-Seller Funded
Updated the HMDA.DAT export file. HMDA export files created from loan files whose action dates are on or after January 1, 2010 are now formatted correctly.
