| Topics | Description | What will change | Target Dates |
| AMI (Annual Monthly Income) | The new monthly qualified income field is a total monthly income provided for borrowers on the loan. | Monthly Qualified income field on the UI. A new notes an advisories will display if MQI was not provided and will display an annual monthly income ratio when provided for pricing and eligibility. |
Complete (late December) |
| DSCR | Investors support DSCR ratio to determine the best product for the loan scenario. Loansifter will have a new DSCR ratio field in the expanded guidelines. This field will display when the broker selects Income Verification: Investor-DSCR. | Products today that display as title products with different DSCR ratio will now be attribute based and the product that best fits the ratio provided will display. | April 7th (ish) |
| DTI LLPAs | |||
| Average FICO | |||
| VA Funding Fee & FHA monthly MIP premium decreasing | Recently announced changes for premiums for the Up Front VA Funding Fee and the FHA MIP premium is announced to decrease
Annual MIP https://www.hud.gov/sites/dfiles/OCHCO/documents/2023-05hsgml.pdf VA FF Tech Request with links Case: 00249553 ~ Salesforce – Unlimited Edition |
Working toward early April for all of OB and Loansifter | |