Product Hatching Ideas

Lock In Pro rounding due to Change in Loan Terms

I researched an issue with their account, when changing loan terms for Locked files. When going to that option, the Round Pricing box is auto selected, since the LOs are set to rounding, and causes the Lender Price to round. The secondary desk does not want/need to see the Lender Price rounded, since that price is what they should see when locking. This could cause a lot of inadvertent pricing changes in LIP, and adversely effecting reporting.

Steps taken:
Submitted rounded lock request, Lender Price showed as non rounded. Lock request, then clicked on Change Loan Terms. Rounding box was selected and clicked Change Terms. This changed the Lender Price.

  • Lori Rezac
  • May 8 2017
  • Moved to Prioritzation
  • Attach files