Overview
The following changes have been made to the FNM 3.2 import process in release 6.0.1000:
- users can now set the loan purpose when creating a new loan from an FNM 3.2 file. This allows users to ensure that the correct information is imported from the file.
Loan Purpose
When the user attempts to create a new loan by uploading an FNM 3.2 file, they will now be prompted to specify the purpose of the new loan (purchase/refinance) before uploading the file
In order to create a new loan by importing an FNM 3.2 file, the user must indicate whether it is a purchase or refinance loan. The Loan Purpose drop-down menu contains two options:
- Purchase - the new loan is for purchasing a home
- Refinance - the new loan is for refinancing a home
The user’s response determines which information will be imported from the FNM 3.2 file. When the user selects an option, a message bar appears that informs the user which fields will not be imported. This reminds the user that these fields will need to be completed manually
If the user selects Purchase, the message indicates that the property’s street address will not be imported, and that the buying stage will be automatically set to ‘Get Approved’
If the user selects Refinance, the message indicates that the estimated value of the property will not be imported
After the user has selected the loan purpose, they can upload the FNM 3.2 by clicking Choose File. The chosen file must be an FNM 3.2 file (.fnm format)
The window confirms that the file has been uploaded successfully by displaying the file name next to a blue checkmark.
Once the user has selected the loan purpose and uploaded the file, clicking Import will create a new loan with the imported information. If the import is successful, a new modal window confirms that the loan has been created.
To learn more, check out the link(s) below:
Acceptance Criteria
Use Case #1: FNM 3.2 Create - Purchase Loan
Loan purpose chosen by user overwrites FNM 3.2 loan purpose
- Log in to oPOS
- Select +New > Import FNM 3.2
- VERIFY: 'Create New Loan' modal window appears
- VERIFY: modal window contains 'Loan Purpose' field and drop-down menu
- Use the drop-down menu to select Purchase
- VERIFY: a RESPA message does not appear
- Import an FNM 3.2 file for a refinance loan
- VERIFY: new loan is created as a Purchase loan
- VERIFY: Buying Stage = Get PreApproved
- Complete Use Case #1, steps 1-3
- Use the drop-down menu to select Refinance
- VERIFY: a RESPA message does not appear
- Import an FNM 3.2 file for a purchase loan
- VERIFY: new loan is created as a Refinance loan
- VERIFY: Estimated Value = {Empty}
*(Corresponding Feature number(s) - 440590)
Comments
0 comments
Please sign in to leave a comment.