Use this section to configure options that are specific to profile change requests.
NOTE: Make sure that you also configure the general change request options, as described in the Configure General Change Request Options section.
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Choose the appropriate investor from the Entity Selection menu, and choose Change Request from the Activity Selection menu.
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Complete the fields in the Profile Changes section:
- Total Profile Changes Allowed Per Loan—Enter the total number of profile changes allowed per loan.
NOTE: If the number of change requests exceeds the Total Change Requests Allowed Per Loan, an originator cannot perform a profile change, even if the total number of allowed profile changes has not been exceeded.
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Cost—Enter the cost for the profile change, if any.
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Display Search Filters on Profile Change Product Search Page—To display product search filters on the Profile Change Product Search screen, check this checkbox. If you do not check this checkbox, originators cannot change the product type.
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When Displaying Pricing for the Same Investor/Same Product—If you want to allow profile changes for the same investor/same product, choose the appropriate pricing option:
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Show Pricing from Original Lock Date
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Show Pricing From Current Date
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Show Worse Case Pricing between Original Lock Date and Current Date
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Auto-accept all profile change requests for the same investor and product
Note: If you auto-accept change requests for this scenario, please reach out to Client Services to confirm that the Lender site entity preference is configured to use policy settings.
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When Displaying Pricing for the Same Investor/Different Product—If you want to allow profile changes for a the same investor/different product, choose the appropriate pricing option:
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Show Pricing from Original Lock Date
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Show Pricing From Current Date
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Show Worse Case Pricing between Original Lock Date and Current Date
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Auto-accept all profile change requests for the same investor and different product
Note: If you auto-accept change requests for this scenario, please reach out to Client Services to confirm that the Lender site entity preference is configured to use policy settings. -
If you do not want to allow product changes for the same investor/different product, choose the Not Allowed option.
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When Displaying Pricing for a Different Investor—If you want to allow profile changes for a different investor, choose the appropriate pricing option:
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Show Pricing from Original Lock Date
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Show Pricing From Current Date
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Show Worse Case Pricing between Original Lock Date and Current Date
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If you do not want to allow product changes for a different investor, choose the Not Allowed option.
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Click the Update Configuration button.