Correcting seller credits in MISMO

Available: Beta 12/6, Prod 1/3

Which customers are impacted?

Any customer that runs DU or LPA in their Blend environment(s).

How to turn on:

This feature will automatically be turned on for all customers on the dates listed above.

Purpose of Update and Benefit

For seller credits included in the Other Credits section of the Details of Transaction (DOT) page, Blend is calculating seller credits correctly within our platform, but the field was not being sent correctly to the GSEs, which resulted in discrepancies in the DU and LPA results files. This release adjusts the fields in MISMO, FNMA.xml and FRMC.xml files so that the data is being sent properly to DU and LPA.

Current Behavior

Currently, any seller credit listed in the Other Credits section of the DOT page is being included in both EstimatedClosingCostAmount and URLATotalSellerCreditsAmount, which effectively makes the seller credit 0.

New Behavior

When enabled, the seller credits will be removed from the EstimatedClosingCostAmount field in MISMO, FNMA.xml and FRMC.xml files. This will ensure that the cash to close calculations in Blend will match DU and LPA when there are general seller credits not associated with a specific fee.

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