(New) Ability to display credit account number for liabilities on Monthly Debt page

Posted 8 months ago by José Gómez

J
José Gómez Admin

Date Available: Available Now, opt-in.

Which customers are impacted? Any customer that uses Blend to structure liabilities for mortgage loans in the lender application.

How to turn on: This will not be automatically enabled for our customers. It will be available beginning on the dates listed above. If you’d like to take advantage of this functionality, reach out to Blend Support.

Purpose of Update and Benefit:

With this release, the credit account number for any liability that is auto-populated from the credit report will automatically appear next to the liability in the Monthly Debt page.

Additionally, any account that is manually added by the loan team will require an account number before it can be added. This will allow loan teams to differentiate between different liabilities that are being accounted for in the Monthly Debt page.

Current Behavior:

Currently, Blend does not show credit account numbers on the Monthly Debt page.

 

New Behavior:

If enabled, auto-populated liabilities from the credit report will show the account number in the Monthly Debt page UI. If a loan team member needs to manually add a liability, they will also be able to add an account number associated with the liability.

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