OVERVIEW
- Feature will ensure that we have Credit Auth Date and Credit Report Date that fall within Configurable expiration period
Description
- Currently in Loan Center, a Credit Report will always expire 90 days from adding it to a loan.
- Add expiration period for Credit Authorization based on authorization obtained
- Authorization Expires at "x" days (make # days configurable)
- Authorization Expired prevents running new credit/reissue credit.
- Add expiration period for Credit Report based on initial issue date
- Report expires at "x" days (make # days configurable).
- Count of days is from credit report 1st issue date
- Add configuration for display of warning message based on number of days until expiration of credit report or authorization
- Warning to appear at "x" days prior to expiration date of Credit Report
- Warning will be triggered and displayed as popup when user tries to Run AUS, Submit Lock Request, Create Initial Disclosures (includes Compliance Check)
- Add expiration period for Credit Authorization based on authorization obtained
- Storyboard: https://xd.adobe.com/view/34bb0cf1-384d-4a53-8db4-fb364e5b98f3-61e8/
Detailed Functionality
- Update Credit Expiration to redefine calculation to use configured #of Days.
- Current behavior: Credit report is expired at 90 days
- New behavior: Credit report is expired when number of days from 1st issue of credit report is more than "Credit Report #of Days Expiration" configuration
- Update Credit Authorization validation to include an expiration date
- Current validation: Does Credit Authorization exist for same SSN# of borrower(s)?
- New validation: Does Credit Authorization exist for same SSN of borrower(s) AND is # of days since authorization was obtained is less than the configured value for Credit Authorization Days Expiration.
- Add new Credit Warning popup
- Show applicable warning when trigger is activated AND new configuration "Credit Report Days Warning" != 0
- UI Design: See storyboard
- Triggers – Warning will show if appropriate when the following actions occur
- Disclosure Request (Core ONLY) - Loan Details contextual button
- Create Initial Disclosures (Float/Lock)
- Create Select Documents
- Create Initial Disclosures (In Person)
- Run Compliance Check
- Preview Disclosures
- AUS (TPO & Core) - AUS UI button click
- Submit DU
- Submit LPA
- Accept and Re-run AUS
- Disclosure Request (Core ONLY) - Loan Details contextual button
- Submit Lock Request (TPO & Core) - Locking and Adjustments UI Request Lock button click or Pricing Results UI Submit Lock button click
- Warnings
- Rules - Priority and M1003
- Rules should be run against each application in the sequence of Rule # provided.
- If no application exists on the loan with conditions for rule 1, the proceed to rule 2, etc.
- Once the first warning condition is found, do not run remaining rules
- Only show one warning to the user per trigger
- Rule 1: Credit Report has Expired
- Rules
- Credit Report exists
- Count of days since <Credit Origination Date> is greater than Credit Report Days Expiration
- Text: "Warning: Expired Credit report on this loan. Please obtain new credit report."
- Rules
- Rules - Priority and M1003
- Rule 2: No Credit Report, but have valid authorization
-
- Rules
- Credit Report does NOT exist
- Credit Authorization exists
- Count of days since <Credit Authorization Date> is less than Credit Authorization Days Expiration
- Text: "Warning: Credit report missing on this loan and borrower authorization expires in "x" days."
- x = Credit Authorization Days Expiration less number of days since authorization was put in place
- Rules
-
- Rule 3: Valid Credit Report within warning period for expiration
- Rules
- Credit Report exists
- Count of days since Credit Origination Date is less than or equal to Credit Report #of Days Expiration Warning
- Text: "Warning: Credit report on this loan will expire in <x> days."
- x =<Credit Report Days Expiration less number of days from Credit Report Origination Date
- Rules
- Rule 4: No Credit, No valid authorization
- Rules
- Credit Report does NOT exist
- Credit Authorization does NOT exist
- Text: "Warning: Credit report missing for this loan"
- Rules
- Show applicable warning when trigger is activated AND new configuration "Credit Report Days Warning" != 0
Configuration & Prerequisite Information
- Add configurations to System Admin / Configurations / Environment Configuration
- Credit.AuthorizationDaysExpiration
- Default = "90"
- ToolTip: Credit Authorization will expire "x" number of days from date obtained
- Credit.ReportDaysExpiration
- Default = "90"
- TooTip: Credit will expire "x" number of days from origination
- Credit.ReportDaysWarning
- Default = "0"
FAM Retail = "30" - ToolTip: "0" disables all warnings. Else, Warnings for Credit Expiration will display "x" number of days from expiration date
- Default = "0"
- Credit.AuthorizationDaysExpiration
Acceptance Criteria
Use Case # 1: Credit Report Expiration
- Prerequisite:
- Update configuration: Credit.ReportDaysExpiration to "1"
- Update configuration: Credit.ReportDaysWarning to "0"
- Create new loan
- Complete 6 pcs
- Access Credit tab
- Click Run New Credit to create credit report
- Once credit report is received, verify credit report origination date for document in Document Review flyout
- Click on document to open
- View Origination Date field value in data pane
- Verify credit response is processed and data is populated
- Update any REO data required to complete green checkmark
- Save loan.
- Wait 2 days
- Access the loan
- Access the credit tab
- Verify the green checkmark no longer displays
- Verify the Credit Report Expired error message displays
- Access Duplicate Loan feature in the loan menu
- In the Duplicate Loan pane, Verify the Credit Report is not listed to copy to new loan, but is showing as "Expired".
- Repeat this process using Reissue Credit and Remove Borrower functions to generate credit report.
Use Case # 2: Credit Authorization Expiration
- Prerequisite:
- Update configuration: Credit.AuthorizationDaysExpiration to "1"
- Update configuration: Credit.ReportDaysExpiration to "1"
- Update configuration: Credit.ReportDaysWarning to "0"
- Create new loan
- Complete 6 pcs
- Access Credit
- Click Run New Credit to create credit report
- Provide authorization and proceed with request
- Once credit report is received, verify credit report origination date for document in doc vault
- Verify credit response is processed and data is populated
- Update any REO data required to complete green checkmark
- Save loan.
- Wait 2 days
- Access the loan
- Access the credit tab
- Verify the green checkmark no longer displays
- Verify the Credit Report Expired error message displays
- Click to run new credit report
- Verify the Credit Authorization popup displays to obtain new authorization
- Provide authorization and proceed
- Verify the credit request is sent and response is received
- Repeat this process using Reissue Credit and Remove Borrower function to generate credit report in step 15.
Use Case # 3: Warning - No Credit Report no Authorization
- Prerequisite:
- Update configuration: Credit.AuthorizationDaysExpiration to "1"
- Update configuration: Credit.ReportDaysExpiration to "1"
- Update configuration: Credit.ReportDaysWarning to "1"
- Create new loan
- Complete 6 pcs
- Complete the application with the exception of Credit
- Shop for Rates and Apply a product
- Verify you cannot access AUS screen
- Access Loan Details
- Click Run Compliance Check
- Verify Warning is displayed:
- "Warning: Credit report missing for this loan"
- Click Continue
- Verify Compliance Check request is triggered.
- Repeat for each of the following disclosure types
- Create Initial Disclosures
- Create Select Documents
- Preview Disclosures
- Access Locking and Adjustments UI
- Click to Request Lock
- Verify Warning is displayed:
- "Warning: Credit report missing for this loan"
- Access and click Shop for Rates
- On the pricing results, a product and click Submit Lock
- Verify Warning is displayed:
- "Warning: Credit report missing for this loan"
Use Case # 4: Warning - No Credit Report but valid authorization
- Prerequisite:
- Update configuration: Credit.AuthorizationDaysExpiration to "2"
- Update configuration: Credit.ReportDaysExpiration to "2"
- Update configuration: Credit.ReportDaysWarning to "1"
- Update configuration: Credential Manager to create invalid username/password for vendor
- Create new loan
- Complete 6 pcs
- Access Credit
- Click Run New Credit
- Provide authorization and proceed with request
- Ensure you receive a failure for credit.
- Shop for Rates and Apply a product
- Complete the application with the exception of Credit
- Verify you cannot access AUS
- Access Loan Details
- Click Run Compliance Check
- Verify Warning is displayed:
- "Warning: Credit report missing on this loan and borrower authorization expires in "x" days."
- Click Continue
- Verify Compliance Check request is triggered.
- Repeat for each of the following disclosure types
- Create Initial Disclosures
- Create Select Documents
- Preview Disclosures
- Access Locking and Adjustments UI
- Click to Request Lock
- Verify Warning is displayed:
- "Warning: Credit report missing on this loan and borrower authorization expires in "x" days."
- Access and click Shop for Rates
- On the pricing results, a product and click Submit Lock
- Verify Warning is displayed:
- "Warning: Credit report missing on this loan and borrower authorization expires in "x" days."
Use Case # 5: Warning - Valid Credit Report within warning period for expiration
- Prerequisite:
- Update configuration: Credit.AuthorizationDaysExpiration to "4"
- Update configuration: Credit.ReportDaysExpiration to "2"
- Update configuration: Credit.ReportDaysWarning to "1"
- Update configuration: Credential Manager – Credit Credential to create invalid username/password for vendor
- Create new loan
- Complete 6 pcs
- Access Credit
- Click Run New Credit
- Provide authorization and proceed with request
- Once credit report is received, verify credit report origination date for document in doc vault
- Verify credit response is processed
- Update any REO data required to complete green checkmark for credit
- Complete the application
- Shop for Rates and apply a product
- Save loan.
- Access AUS
- Click to run DU/LPA
- Verify Warning is displayed:
- "Warning: Credit report on this loan will expire in 2 days."
- Click Continue
- Verify AUS request is triggered.
- Access Loan Details
- Click Run Compliance Check
- Verify Warning is displayed:
- "Warning: Credit report on this loan will expire in 2 days."
- Click Continue
- Verify Compliance Check request is triggered.
- Repeat for each of the following disclosure types
- Create Initial Disclosures
- Create Select Documents
- Preview Disclosures
- Access Locking and Adjustments UI
- Click to Request Lock
- Verify Warning is displayed:
- "Warning: Credit report on this loan will expire in 2 days."
- Access and click Shop for Rates
- On the pricing results, a product and click Submit Lock
- Verify Warning is displayed:
- "Warning: Credit report on this loan will expire in 2 days."
Use Case # 6: Warning - Expired Credit Report
- Prerequisite:
- Update configuration: Credit.AuthorizationDaysExpiration to "1"
- Update configuration: Credit.ReportDaysExpiration to "1"
- Update configuration: Credit.ReportDaysWarning to "1"
- Create new loan
- Complete 6 pcs
- Access Credit
- Click Run New Credit to create credit request
- Provide authorization and proceed
- Once credit report is received, verify credit report origination date for document in doc vault
- Verify credit response is processed
- Update any REO data required to complete green checkmark
- Save loan.
- Wait 2 days
- Access the loan
- Access the credit tab
- Verify the green checkmark no longer displays
- Verify the Credit Report Expired error message displays
- Verify AUS UI is not accessible
- Access Loan Details
- Click Run Compliance Check
- Verify Warning is displayed: "Warning: Expired Credit report on this loan. Please obtain new credit report."
- Click Continue
- Verify Compliance Check request is triggered.
- Repeat for each of the following disclosure types
- Create Initial Disclosures
- Create Select Documents
- Preview Disclosures
- Access Locking and Adjustments UI
- Click to Request Lock
- Verify Warning is displayed: "Warning: Expired Credit report on this loan. Please obtain new credit report."
- Access and click Shop for Rates
- On the pricing results, a product and click Submit Lock
- Verify Warning is displayed: "Warning: Expired Credit report on this loan. Please obtain new credit report."
Use Case # 7: Warning - No Warning expected
- Prerequisite:
- Update configuration: Credit.AuthorizationDaysExpiration to "30"
- Update configuration: Credit.ReportDaysExpiration to "30"
- Update configuration: Credit.ReportDaysWarning to "20"
- Create new loan
- Complete the application with the exception of Credit
- Shop for Rates and Apply a product
- Access Credit
- Click Run New Credit
- Provide Authentication and continue
- Once credit is returned, update REO records as needed to obtain green checkmark
- Access AUS
- Click to run DU and LPA
- Verify No Warning is displayed
- Access Loan Details
- Click Run Compliance Check
- Verify No Warning is displayed
- Verify Compliance Check request is triggered.
- Repeat for each of the following disclosure types
- Create Initial Disclosures
- Create Select Documents
- Preview Disclosures
- Access Locking and Adjustments UI
- Click to Request Lock
- Verify No Warning is displayed
- Access and click Shop for Rates
- On the pricing results, a product and click Submit Lock
- Verify No Warning is displayed
Use Case # 8: M1003 with different warnings
- Prerequisite:
- Update configuration: Credit.AuthorizationDaysExpiration to "2"
- Update configuration: Credit.ReportDaysExpiration to "3"
- Update configuration: Credit.ReportDaysWarning to "3"
- Update configuration: Credential Manager – Credit Credentials to create invalid username/password for vendor
- Create new Multi 1003 loan
- Complete 6 pcs on both applications
- Complete the application but Do not run Credit
- Shop for Rates and apply a product
- Save loan.
- Access Loan Details
- Click Run Compliance Check
- Verify Warning is displayed
- "Warning: Credit report missing for this loan"
- Click Continue
- Verify Compliance Check request is triggered.
- Access Credit
- Click Run New Credit on only one application
- Provide authorization and proceed with request
- Once credit report is received, verify credit report origination date for document in doc vault
- Verify credit response is processed
- Update any REO data required to complete green checkmark for credit
- Access AUS
- Click to run DU/LPA
- Verify Warning is displayed:
- "Warning: Credit report on this loan will expire in 3 days."
- Click Continue
- Verify AUS request is triggered.
- Update Credential Manager to create invalid username/password for credit vendor
- Access Credit for loan without credit report
- Click Run New Credit
- Provide authorization and proceed with request
- Ensure you receive a failure for credit.
- Access Loan Details
- Click Run Compliance Check
- Verify Warning is displayed:
- "Warning: Credit report missing on this loan and borrower authorization expires in "2" days."
- Click Continue
- Verify Compliance Check request is triggered.
- Update configuration: Credential Manager to restore valid username/password for credit vendor
- Update configuration: Credit.ReportDaysExpiration to "10"
- Access Credit
- Click Run New Credit on only one application
- Provide authorization and proceed with request
- Once credit report is received, verify credit report origination date for document in doc vault
- Verify credit response is processed
- Update any REO data required to complete green checkmark for credit
- Access AUS
- Click to run DU/LPA
- Verify No Warning is displayed
- Update configuration: Credit.ReportDaysExpiration to "1"
- Wait 2 days
- Access the loan
- Access the credit tab for the 1st credit report run
- Verify the green checkmark no longer displays
- Verify the Credit Report Expired error message displays
- Verify AUS UI is not accessible
- Access Loan Details
- Click Run Compliance Check
- Verify Warning is displayed: "Warning: Expired Credit report on this loan. Please obtain new credit report."
- Click Continue
- Verify Compliance Check request is triggered.
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