Enhancements to Pre-disclosure Document Requests

Overview

The following changes have been made in 6.0.1000:

• the user can now request preliminary documents and have the borrower sign them electronically before sending Initial Disclosures. This allows the oPOS user to generate these preliminary documents without changing the loan status.

Creating PreDisclosures

The Create PreDisclosures tool is accessible from the “Loan Details” page. Clicking the downward arrow (▼) on the right side of the Create Initial Disclosures button opens a menu containing the Create PreDisclosures button, which will generate the disclosures package.  

Note: requesting predisclosures is a privilege setting in oPOS, which means that it must be enabled by a system administrator. If the Create PreDisclosures button does not appear in oPOS, an administrator must change the user’s permissions before they will be able to create predisclosures.

Learn more about configuring access to predisclosures.

Predisclosure Request - Alternate Access 

The user can also request predisclosures on the “Vendor Manager” page by:

1. Selecting the DocuTech switch
2. Setting ‘Product Type’ to Document Generation 
3. Setting ‘Product Name’ to PreDisclosures 
4. Providing the vendor’s login credentials

The vendor’s login credentials are required to apply predisclosures to the loan product 

Configuring Borrower’s ‘Online’ Status

If the borrower is not using cPOS to manage their loan application, when the oPOS user clicks Create PreDisclosures, a popup message will appear and remind the user that the documents will be mailed to the borrower.  

If the user wants to send disclosures electronically instead, selecting Convert to Online allows them to enter an email address where the borrower will receive the predisclosures package.

Downloading/Sending Predisclosures

Once the user’s status has been configured, a popup message appears to confirm that predisclosures have successfully been requested.  

When the predisclosures package is ready, a modal window will appear with further instructions for the user. The window that appears is determined by the configuration of the borrower’s ‘online’ status.  

Offline - if the user has opted to mail predisclosures to the borrower, the modal window provides them with a link to download and print the disclosures package.

Online (Email Address) - if the borrower is not using cPOS, but the Loan Officer has provided the borrower’s email address, the modal window confirms that the disclosures package has been emailed to the borrower and allows the user to download and print the package.

Online (cPOS) - if the borrower is using cPOS to manage their loan, the modal window allows the user to download and print the disclosures package before sending the borrower a Securelink to eSign predisclosures directly within cPOS.

To learn more, check out the link(s) below: 

oPOS: Create PreDisclosures

Acceptance Criteria