A second set of global standard value mappings have been added to “Rescindable Loan” (Field 42761).
“Rescindable Loan” will continue to be set to “Yes” by default when all of the following conditions are true:
- Occupancy (Field 1161) is Primary Residence;
- Loan Purpose (MISMO) (Field 1063) is not a Purchase; and
- New Construction? (Field 1179) is No
“Rescindable Loan” will continue to be set to “No” by default when any of the following conditions are true:
- Occupancy is not Primary Residence;
- Loan Purpose (MISMO) is a Purchase; or
- New Construction? is Yes
This logic is being duplicated to run the mappings “At Import” in addition to the current “Before Calculations” timing. This will allow the mappings to run earlier in the process for users who see the ConformX screens (also known as “Lights On” users), triggering multiple, per-entity copies of the Closing Disclosure to print by default for Rescindable Loans for clients who don’t set the “LE/CD Copy Type” (Field 95909) themselves.
This change will be in effect on November 16, 2019. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.