Features and Enhancements
To support upcoming changes to Form 4506-C, Floify is adding the ability to pull multiple documents of the same name from an Encompass disclosure package.
With the IRS Form 4506-C update, some loans will require multiple 4506-C forms (the requirement will include a unique form for each unique borrower tax return).
A new configurable disclosure setting will be added to specify which document names should pull multiple documents from the tracking record. This will account for the 4506-C update and any similar future scenarios.
The new "Supplemental Consumer Information Form" (aka SCIF, Form 1103) questions in “Apply Now” can now be set to be visible to borrowers.
The new SCIF questions will now be able to be configured to be visible to borrowers (vs. only visible to LO Teams).
The SCIF “Homeownership Education and Housing Counseling” questions will not be visible to borrowers by default.
The SCIF “Language Preference” question will be visible to borrowers by default, as the borrower is best positioned to answer this question.
The SCIF will be required for new conventional loans sold to Fannie Mae and Freddie Mac with application dates on or after March 1, 2023.
Bug Fixes
The 'Assigned to Me' dashboard for Task Management now matched the updated standard pipeline view UI.
In 'Apply Now', the 'Assets' section no longer appears in the lender's 'Borrower View' if that section has been disabled for the borrower.