Date Available: Beta 08/16, Prod 09/13

How to turn on: 

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

Purpose of Update and Benefit:

If a borrower or loan team member indicates that a REO property does not have a mortgage, then we will not force the loan team to link a liability before running AUS. This feature will work for both purchase and refinance loan purposes.

Current Behavior:
Linking liabilities is required in order to run AUS in Blend, even if the property has no existing mortgage payments.

New Behavior:

When this feature is enabled, loan teams will see a question “Mortgage payments on this property?” and Yes/No radio buttons towards the bottom of the Real estate owned section of the lender application. “No” will be selected by default.

When “No” is selected, the Mortgage payments section will be hidden, and loan team members will be able to run AUS without linking liabilities.

If the loan team member selects “Yes,” the “Mortgage payments” section will appear, and they will need to fill out the information and link liabilities before running AUS. To help make this more clear, we have added a red exclamation icon next to the “Link Liability” link. The hover text for this icon explains that the mortgage payment will need to be linked to a liability before AUS can be run.

If loan team members select “Yes” and start filling in the “Mortgage payments” section and then later select “No,” the information previously entered in that section will be erased.

For borrower-entered applications, the new question will still appear, but the Yes/No radio buttons will not pre-populate. Loan teams will need to update this answer in the lender application. 

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