(New) Update MI, HOI, Taxes on Selected Scenario

Date Available: Available now in beta and prod, Opt-in

Which customers are impacted? Any customer who has previously enabled the optional Fees in Loan Scenarios feature enhancement (previously announced in March 2023).

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, please reach out to Blend Support.

Purpose of Update and Benefit:

In March 2023, we released the ability to pull fees in loan scenarios. A critical piece of feedback we heard was that some of the monthly payment costs on the selected scenario did not match the monthly debt values on the application. Due to this feedback, we have now updated this feature so that the monthly payment values match that of the monthly debt page on the loan application. This applies to the MI integration, as well as real estate taxes, and homeowners insurance.

This is only applicable to customers who have enabled the Fees in Loan Scenarios feature in their environment(s). This release was optional.

Current Behavior:

For customers with the Fees in Loan Scenarios turned on, the selected scenario's monthly payments do not always match the amounts in the monthly debt page on the loan application.

New Behavior:

Currently, if Fees in Loan Scenarios is enabled, the selected scenario’s monthly payment values match that of the monthly debt page on the loan application.

0 Votes