Release Notes - BytePro 2.1

Added new Management reports features
  • Create pie charts, line graphs, column and bar charts or choose from BytePro's sample charts.
  • Open multiple reports at the same time for easy comparisons.
  • Adjust the report font size.
  • Merge data into an existing Excel template file (allowing you to maintain formulas, formatting, etc).
  • Create loan detail reports - reports with alert fields, conversation log entries, processing log entries, etc.
  • View the report data on the screen in a separate tab instead of in the print/preview window.
  • Double-click an item in report results to open the corresponding file.
  • Report minimum, maximum, average, and total values for any column.
  • Adjust individual column widths.
  • Screen out duplicates by field - for instance, by social security number or borrower address.
Better leads support
  • Added new report fields including an ARM adjustment date, an ARM recast date, a balloon due date, and a prepayment penalty expiration date.
Web services (Enterprise only)
  • Allows you to run BytePro Enterprise securely over the Internet without the use of a VPN. The BytePro client application attaches to the remote database (not browser-based).

Added the following Credit Partner Interfaces

  • NCCheck
  • MiSource Credit
  • Strategic Information Resources, Inc.
  • MAF Mortgage Services
  • Credit Information Research

Added the following Marketing Lead Partner Interface

  • MKTG Services

Added the ability to have more than one loan file open at the same time

  • Use the new 'x' to the right of the file in the side bar or the 'x' in the upper right hand corner to close files. Files no longer close automatically when you open a new file.  

Reorganized Management Reports as Reports, Custom Documents and Marketing Mailers

  • 'Reports' is now management reports and charts only. These are accessible from 'Reports' in the sidebar (below Loan Files) or Customize (toolbar) > Custom Reports.
  • 'Custom Documents' are Word® documents and PDF's that are intended for use with the current loan files. These are available with other loan documents in the Print Utility and can be included in print sets. Create or edit a custom document from Customize (toolbar) > Custom Documents.
  • 'Marketing Mailers' are your Word document mass mailing letters and emails. Run or edit these from Customize (toolbar) > Marketing Mailers.

Added support for qualifying ARM loans at the fully indexed rate and qualifying interest only loans at a fully amortizing payment

  • You can also choose to qualify only negatively amortizing ARMs at the fully indexed rate.   These default options can be found in Defaults (toolbar) > Loan, in the Qualifying section.

Added the ability to add PDFs to print sets

  • Create an embedded 'custom document' from your PDF to make it available with other loan documents in the Print Utility. To add, copy or swap an embedded PDF, go to Customize (toolbar) > Custom Documents.  

Added better support for Piggyback Second Loans

  • Management reports and HMDA added a 'Loan Reporting' drop-down list with 'active loan', 'closing loan' and 'first and second' reporting options. Use the 'active loan' option if you copy files for closing, or the 'first and second' option to include data from both the first and piggyback second loans.
  • You can assign separate lender case numbers for the first and piggyback second.
  • The 'New File' category in Defaults allows '.2' to be appended automatically to the lender case number for piggyback seconds (if auto filenaming is enabled).
  • You can assign separate lock start and expiration dates for first and piggyback second loans (on the status screen).
  • The first and piggyback second loans have separate profitability screens.

Added the BytePro Software Development Kit (SDK) (BytePro Enterprise customers and third party vendors only, additional fees may apply)

  This programming package enables Byte Enterprise customers and third party vendors to develop custom applications.

Some capabilities include:

  • Import and export using industry standard formats including the Fannie Mae and MISMO file formats.
  • Create custom add-ins that integrate directly into the menu items within BytePro allowing the BytePro user to access functionality without leaving BytePro.
  • Write custom stand alone applications that require no user interaction.

Possible uses:

  • Companies that use BytePro Enterprise can use the SDK to move data back and forth from their own proprietary systems.
  • Third parties, such as web site vendors can write interfaces that allow BytePro Standard and Enterprise users to send data to their systems. Those interfaces can be distributed to BytePro end-users.

Added the ability to have more than one management report open at the same time

  • Use the new 'Reports' group in the sidebar to run reports. Each open report is listed there (use the 'x' to the right to close the report).

Added search feature allowing you to find screens and documents more easily

  • With a file open, click the 'Find a screen or document' link above the screen list.

Added the ability to update the ARM index value for inclusion in loan programs containing that ARM type

  • To add a new default ARM index value, go to Defaults > 'GFE - Loan Programs', click 'Edit ARM Index Values' and then the 'New ARM Index' icon. Choose the index type and enter a numeric index value.
    All default loan programs containing that ARM index type will reflect the new index value automatically (if an index value of that ARM type exists in the loan program, it will be replaced). Note that the ARM index value is still fully editable in the file.

Added the ability to print the Cardex

  • Print a list of filtered contacts, or use Shift-Click (at the bottom of the desired list) to select a block of contacts or Ctrl-Click to select contacts singly. Click Print or Preview, and then 'All Visible items' to print a filtered list or 'Selected Items' to print a list of selected contacts.

Updated language on the HUD-1 Settlement Statement

  • Replaced the statements at the bottom of the HUD-1 Page 1 document entitled "Substitute Form 1099 Seller Statement" and "Seller Instructions" with two sections beginning with "Section 5 of the Real Estate Settlement Procedures Act ..' and "Section 4(a) of RESPA mandates ..".
    You may replace the new wording with the previous wording. To revert, go to Defaults > Closing, and check "Print 1099 Seller Statement .."
  • Made additional formatting and language improvements to the HUD-1 Page 1.

Added the ability to email multiple GFEs to a borrower

  • On the Print screen, choose the 'All GFEs' print category for an available documents list that includes the GFE and TIL from each good faith included in the file.

Added the ability to display multiple screens from the same file

  • Click Window (menubar) > 'New Window', then Window > 'Tile Horizontally' for a preview of this feature. Tweak a Good Faith on the Loan Programs screen and watch the ratios change on the Loan Comparisons screen or the Transmittal.  See the 'Multiple Screens' Help topic for more information.

Added the ability to omit loan information on the request for appraisal form

  • Go to Defaults (toolbar) > Processing Log to omit or include the loan information on a state-by-state basis.

Custom fields can hold more characters

  • Click GoTo (menubar) > Tracking > Custom Fields, or add 'Custom Fields' to your Favorites list.   Each of the 50 available custom fields can now hold up to 2000 characters.

Added the option to email or create a PDF file from the Preview screen

  • Click 'Print', 'Email' or 'PDF' in the toolbar at the top of the Print Preview screen.

Reformatted the parties page

  • Added the ability to clear a party screen with a single click.

Added the option of including a second loan amount on the title request for a first and subordinate or piggyback second loan

  • This feature condenses the title request when the lender is the same for both the first and second loan. On Parties or the Processing Log, click the 'Additional Info' tab on the 'Title Company' screen. Click 'Show First and Second Mortgages if Applicable' to include a second loan amount (subordinate or piggyback) with the first. For a loan with a piggyback second, the second lender case number will print with the first in the Lender section on the title request.

Added the ability to specify a minimum password length for login accounts

  • For BytePro Standard, click 'Setup Data Folders and Users' on the Login screen, and double-click the data folder to modify. On the General tab, enter the new value in the 'Minimum Password Length' field.
    For BytePro Enterprise, go to Tools > Admin Tools > Security Manager > Login Control. Enter the password length in the 'Minimum Password Length' field.

Added support for printing only documents that are applicable to the current loan

  • For example, you will be warned if you try to print a California disclosure if the subject property is located in Washington state.

Added the ability to print any company name on the 1003 (Enterprise only)

  • In the Interviewer section on page 3 of the 1003, check 'Show Broker Information' and enter the Interviewer's company on the right.

Added the ability to copy validation rules (Enterprise only)

  • On the list of validation rules screen, click to select the rule to copy and click the copy icon above (or Ctrl-C). The new copy will appear at the bottom of the list of validation rules.

Added support for custom subject property types

  • Look for 'custom property types' in Defaults.

Added the abilty to format SSN as an EIN/TIN

  • On the Home screen, click 'Edit' to the right of the pertinent borrower to open the 'Edit Borrower' screen.  Click 'Non-Person Entity' (below borrower address).

HUD1 / HUD1A - moved the POC field for greater clarity

  • The (poc) indicator has been moved to the left of the borrower and seller settlement columns.

The "Florida Equal Credit Page 1" document has been removed

  • The disclosures found previously on the "Florida Equal Credit Page 1" document are now located on three documents:
    • the 'Florida Anti-Coercion Statement'document, new for 2.1
    • the 'ECOA and Other Disclosures' document (see below on changes to the ECOA)
    • the 'Fair Lending Notice/Fair Credit Reporting' document
    The wording of the disclosure statements on these replacement documents differs slightly from the original statements.  
  • The following wording that printed on the 'Florida Equal Credit Page 1' document is no longer available:  'In the event you would like to have a co-signer on this credit instrument, please inform the individual taking the application. If a co-signer is used we fully document the income, financial position, and credit of the co-signer.'   You have the option of creating a Word mail merge custom document containing this statement (see the 'Custom Documents' BytePro Help topic for more on custom documents).
  • Print sets containing the 'Florida Equal Credit Page 1' document should be modified to include the replacement documents (detailed above) and to remove the 'Florida Equal Credit Page 1' reference from the print set. To remove the page 1 reference, edit the print set and delete the 'Untitled item' document.

The 'Florida Equal Credit Page 2' document has been renamed to 'Florida   Informational Disclosures'

  • The application fee wording on the document has also been modified.

Modified the Florida Broker Agreement

  • Added wording and field changes necessary for compliance with the new Florida law effective October 1, 2007. Click here for an FAQ about the changes.

The ECOA - RegB document has been modified, and renamed to 'ECOA and Other Disclosures'

  • The 'Occupancy Statement' section has been modified to include wording for secondary residences and investment properties. The new occupancy statement wording will print even if you previously customized the occupancy statement. You should verify that the new wording is acceptable, or edit it accordingly (Defaults > ECOA and Other Disclosures).
  • The 'ECOA and Other Disclosures' document can now expand to a second page if additional wording requires it. To preview the second page (if it exists) click the down arrow at the top of the preview screen.

The wording on the ARM disclosure has changed

  • Under the 'How Your Interest Rate Can Change' heading, the first sentence has been reworded to improve readability.
  • A new item has been added under the 'How Your Payment Can Change' heading, which reads 'Your monthly payment can increase or decrease substantially based on changes in the interest rate.' The description of how the payment can change has also been reworded to improve readability.