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Feature 351740: Credit Authorization and Expiration Updates

Ashley Bor
  • Updated

OVERVIEW

  • Feature will ensure that we have Credit Auth Date and Credit Report Date that fall within Configurable expiration period

 

Description

  1. Currently in Loan Center, a Credit Report will always expire 90 days from adding it to a loan.
    1. Add expiration period for Credit Authorization based on authorization obtained
      1. Authorization Expires at "x" days (make # days configurable)
      2. Authorization Expired prevents running new credit/reissue credit.
    2. Add expiration period for Credit Report based on initial issue date
      1. Report expires at "x" days (make # days configurable).
      2. Count of days is from credit report 1st issue date  
    3. Add configuration for display of warning message based on number of days until expiration of credit report or authorization
      1. Warning to appear at "x" days prior to expiration date of Credit Report
      2. Warning will be triggered and displayed as popup when user tries to Run AUS, Submit Lock Request, Create Initial Disclosures (includes Compliance Check)
  2. Storyboard: https://xd.adobe.com/view/34bb0cf1-384d-4a53-8db4-fb364e5b98f3-61e8/

 

Detailed Functionality

  1. Update Credit Expiration to redefine calculation to use configured #of Days.
    1. Current behavior: Credit report is expired at 90 days
    2. 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
  2. Update Credit Authorization validation to include an expiration date
    1. Current validation: Does Credit Authorization exist for same SSN# of borrower(s)?
    2. 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.  
  3. Add new Credit Warning popup
    1. Show applicable warning when trigger is activated AND new configuration "Credit Report Days Warning" != 0
      1. UI Design: See storyboard
      2. Triggers – Warning will show if appropriate when the following actions occur
        1. Disclosure Request (Core ONLY) - Loan Details contextual button
          1. Create Initial Disclosures (Float/Lock)
          2. Create Select Documents
          3. Create Initial Disclosures (In Person)
          4. Run Compliance Check
          5. Preview Disclosures
        2. AUS (TPO & Core) - AUS UI button click
          1. Submit DU
          2. Submit LPA
          3. Accept and Re-run AUS
      3. Submit Lock Request (TPO & Core) - Locking and Adjustments UI Request Lock button click or Pricing Results UI Submit Lock button click
    2. Warnings
      1. Rules - Priority and M1003
        1. Rules should be run against each application in the sequence of Rule # provided.  
        2. If no application exists on the loan with conditions for rule 1, the proceed to rule 2, etc.
        3. Once the first warning condition is found, do not run remaining rules
          1. Only show one warning to the user per trigger
      2. Rule 1: Credit Report has Expired
        1. Rules
          1. Credit Report exists
          2. Count of days since <Credit Origination Date> is greater than Credit Report Days Expiration
        2. Text: "Warning: Expired Credit report on this loan.  Please obtain new credit report."
    3. Rule 2: No Credit Report, but have valid authorization
        1. Rules
          1. Credit Report does NOT exist
          2. Credit Authorization exists
          3. Count of days since <Credit Authorization Date> is less than Credit Authorization Days Expiration
        2. Text: "Warning: Credit report missing on this loan and borrower authorization expires in "x" days."
          1. x = Credit Authorization Days Expiration less number of days since authorization was put in place
    4. Rule 3: Valid Credit Report within warning period for expiration
      1. Rules
        1. Credit Report exists
        2. Count of days since Credit Origination Date is less than or equal to Credit Report #of Days Expiration Warning
      2. Text: "Warning: Credit report on this loan will expire in <x> days."
        1. x =<Credit Report Days Expiration less number of days from Credit Report Origination Date 
    5. Rule 4: No Credit, No valid authorization
      1. Rules
        1. Credit Report does NOT exist
        2. Credit Authorization does NOT exist
      2. Text: "Warning: Credit report missing for this loan"

 

Configuration & Prerequisite Information

  1. Add configurations to System Admin / Configurations / Environment Configuration
    1. Credit.AuthorizationDaysExpiration
      1. Default = "90"
      2. ToolTip: Credit Authorization will expire "x" number of days from date obtained
    2. Credit.ReportDaysExpiration
      1. Default = "90"
      2. TooTip: Credit will expire "x" number of days from origination
    3. Credit.ReportDaysWarning
      1. Default = "0"
        FAM Retail = "30"
      2. ToolTip: "0" disables all warnings.  Else, Warnings for Credit Expiration will display "x" number of days from expiration date

 

Acceptance Criteria

Use Case # 1: Credit Report Expiration

  • Prerequisite: 
    • Update configuration: Credit.ReportDaysExpiration to "1"
    • Update configuration: Credit.ReportDaysWarning to "0"
  1. Create new loan
  2. Complete 6 pcs
  3. Access Credit tab
  4. Click Run New Credit to create credit report
  5. Once credit report is received, verify credit report origination date for document in Document Review flyout
    1. Click on document to open
    2. View Origination Date field value in data pane
  6. Verify credit response is processed and data is populated
  7. Update any REO data required to complete green checkmark
  8. Save loan.
  9. Wait 2 days
  10. Access the loan
  11. Access the credit tab
  12. Verify the green checkmark no longer displays
  13. Verify the Credit Report Expired error message displays
  14. Access Duplicate Loan feature in the loan menu
  15. In the Duplicate Loan pane, Verify the Credit Report is not listed to copy to new loan, but is showing as "Expired".
  16. 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"
  1. Create new loan
  2. Complete 6 pcs
  3. Access Credit
  4. Click Run New Credit to create credit report
  5. Provide authorization and proceed with request
  6. Once credit report is received, verify credit report origination date for document in doc vault
  7. Verify credit response is processed and data is populated
  8. Update any REO data required to complete green checkmark
  9. Save loan.
  10. Wait 2 days
  11. Access the loan
  12. Access the credit tab
  13. Verify the green checkmark no longer displays
  14. Verify the Credit Report Expired error message displays
  15. Click to run new credit report
  16. Verify the Credit Authorization popup displays to obtain new authorization
  17. Provide authorization and proceed
  18. Verify the credit request is sent and response is received
  19. 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"
  1. Create new loan
  2. Complete 6 pcs
  3. Complete the application with the exception of Credit
  4. Shop for Rates and Apply a product
  5. Verify you cannot access AUS screen
  6. Access Loan Details
  7. Click Run Compliance Check
  8. Verify Warning is displayed:
    1. "Warning: Credit report missing for this loan"
  9. Click Continue
  10. Verify Compliance Check request is triggered.
  11. Repeat for each of the following disclosure types
    1. Create Initial Disclosures
    2. Create Select Documents
    3. Preview Disclosures
  12. Access Locking and Adjustments UI
  13. Click to Request Lock
  14. Verify Warning is displayed:
    1. "Warning: Credit report missing for this loan"
  15. Access and click Shop for Rates
  16. On the pricing results, a product and click Submit Lock
  17. Verify Warning is displayed:
    1. "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
  1. Create new loan
  2. Complete 6 pcs
  3. Access Credit
  4. Click Run New Credit 
  5. Provide authorization and proceed with request
  6. Ensure you receive a failure for credit.
  7. Shop for Rates and Apply a product
  8. Complete the application with the exception of Credit
  9. Verify you cannot access AUS
  10. Access Loan Details
  11. Click Run Compliance Check
  12. Verify Warning is displayed:
    1. "Warning: Credit report missing on this loan and borrower authorization expires in "x" days."
  13. Click Continue
  14. Verify Compliance Check request is triggered.
  15. Repeat for each of the following disclosure types
    1. Create Initial Disclosures
    2. Create Select Documents
    3. Preview Disclosures
  16. Access Locking and Adjustments UI
  17. Click to Request Lock
  18. Verify Warning is displayed:
    1. "Warning: Credit report missing on this loan and borrower authorization expires in "x" days."
  19. Access and click Shop for Rates
  20. On the pricing results, a product and click Submit Lock
  21. Verify Warning is displayed:
    1. "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
  1. Create new loan
  2. Complete 6 pcs
  3. Access Credit
  4. Click Run New Credit 
  5. Provide authorization and proceed with request
  6. Once credit report is received, verify credit report origination date for document in doc vault
  7. Verify credit response is processed
  8. Update any REO data required to complete green checkmark for credit
  9. Complete the application
  10. Shop for Rates and apply a product
  11. Save loan.
  12. Access AUS
  13. Click to run DU/LPA
  14. Verify Warning is displayed:
    1. "Warning: Credit report on this loan will expire in 2 days."
  15. Click Continue
  16. Verify AUS request is triggered.
  17. Access Loan Details
  18. Click Run Compliance Check
  19. Verify Warning is displayed:
    1. "Warning: Credit report on this loan will expire in 2 days."
  20. Click Continue
  21. Verify Compliance Check request is triggered.
  22. Repeat for each of the following disclosure types
    1. Create Initial Disclosures
    2. Create Select Documents
    3. Preview Disclosures
  23. Access Locking and Adjustments UI
  24. Click to Request Lock
  25. Verify Warning is displayed:
    1. "Warning: Credit report on this loan will expire in 2 days."
  26. Access and click Shop for Rates
  27. On the pricing results, a product and click Submit Lock
  28. Verify Warning is displayed:
    1. "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"
  1. Create new loan
  2. Complete 6 pcs
  3. Access Credit
  4. Click Run New Credit to create credit request
  5. Provide authorization and proceed
  6. Once credit report is received, verify credit report origination date for document in doc vault
  7. Verify credit response is processed
  8. Update any REO data required to complete green checkmark
  9. Save loan.
  10. Wait 2 days
  11. Access the loan
  12. Access the credit tab
  13. Verify the green checkmark no longer displays
  14. Verify the Credit Report Expired error message displays
  15. Verify AUS UI is not accessible
  16. Access Loan Details
  17. Click Run Compliance Check
  18. Verify Warning is displayed:  "Warning: Expired Credit report on this loan.  Please obtain new credit report."
  19. Click Continue
  20. Verify Compliance Check request is triggered.
  21. Repeat for each of the following disclosure types
    1. Create Initial Disclosures
    2. Create Select Documents
    3. Preview Disclosures
  22. Access Locking and Adjustments UI
  23. Click to Request Lock
  24. Verify Warning is displayed:  "Warning: Expired Credit report on this loan.  Please obtain new credit report."
  25. Access and click Shop for Rates
  26. On the pricing results, a product and click Submit Lock
  27. 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"
  1. Create new loan
  2. Complete the application with the exception of Credit
  3. Shop for Rates and Apply a product
  4. Access Credit
  5. Click Run New Credit
  6. Provide Authentication and continue
  7. Once credit is returned, update REO records as needed to obtain green checkmark
  8. Access AUS
  9. Click to run DU and LPA
  10. Verify No Warning is displayed
  11. Access Loan Details
  12. Click Run Compliance Check
  13. Verify No Warning is displayed
  14. Verify Compliance Check request is triggered.
  15. Repeat for each of the following disclosure types
    1. Create Initial Disclosures
    2. Create Select Documents
    3. Preview Disclosures
  16. Access Locking and Adjustments UI
  17. Click to Request Lock
  18. Verify No Warning is displayed
  19. Access and click Shop for Rates
  20. On the pricing results, a product and click Submit Lock
  21. 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
  1. Create new Multi 1003 loan
  2. Complete 6 pcs on both applications
  3. Complete the application but Do not run Credit
  4. Shop for Rates and apply a product
  5. Save loan.
  6. Access Loan Details
  7. Click Run Compliance Check
  8. Verify Warning is displayed
    1. "Warning: Credit report missing for this loan"
  9. Click Continue
  10. Verify Compliance Check request is triggered.
  11. Access Credit
  12. Click Run New Credit on only one application
  13. Provide authorization and proceed with request
  14. Once credit report is received, verify credit report origination date for document in doc vault
  15. Verify credit response is processed
  16. Update any REO data required to complete green checkmark for credit
  17. Access AUS
  18. Click to run DU/LPA
  19. Verify Warning is displayed:
    1. "Warning: Credit report on this loan will expire in 3 days."
  20. Click Continue
  21. Verify AUS request is triggered.
  22. Update Credential Manager to create invalid username/password for credit vendor
  23. Access Credit for loan without credit report
  24. Click Run New Credit 
  25. Provide authorization and proceed with request
  26. Ensure you receive a failure for credit.
  27. Access Loan Details
  28. Click Run Compliance Check
  29. Verify Warning is displayed:
    1. "Warning: Credit report missing on this loan and borrower authorization expires in "2" days."
  30. Click Continue
  31. Verify Compliance Check request is triggered.
  32. Update configuration: Credential Manager to restore valid username/password for credit vendor
  33. Update configuration: Credit.ReportDaysExpiration to "10"
  34. Access Credit
  35. Click Run New Credit on only one application
  36. Provide authorization and proceed with request
  37. Once credit report is received, verify credit report origination date for document in doc vault
  38. Verify credit response is processed
  39. Update any REO data required to complete green checkmark for credit
  40. Access AUS
  41. Click to run DU/LPA
  42. Verify No Warning is displayed
  43. Update configuration: Credit.ReportDaysExpiration to "1"
  44. Wait 2 days
  45. Access the loan
  46. Access the credit tab for the 1st credit report run
  47. Verify the green checkmark no longer displays
  48. Verify the Credit Report Expired error message displays
  49. Verify AUS UI is not accessible
  50. Access Loan Details
  51. Click Run Compliance Check
  52. Verify Warning is displayed:  "Warning: Expired Credit report on this loan.  Please obtain new credit report."
  53. Click Continue
  54. Verify Compliance Check request is triggered.

 

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