Feature Enhancements in Version 25.1 Critical Patch 3

The Total Loan Amount calculation has been changed to Base Loan Amount + PMI, MIP Financed.

• If the Encompass MIP Paid in Cash has a value and the loan is priced, that Paid in Cash will be populated in ICE PPE.

• If the Encompass MIP Paid in Cash has a Null value and the loan is priced, the Paid in Cash will be Zero and the Full Financed Fee will be calculated in ICE PPE.

For Government loans (FHA, VA, and USDA), the PMI, MIP Financed field will be hidden.

• The field will be hidden only. The PMI, MIP Financed amount will be included in the Total Loan Amount.

• The field will remain hidden if a combined search includes Conventional (CONV) loans.

The system will force the PMI, MIP Financed value for Government loans to equal the UFMIP Financed Amount (FHA), Funding Fee Financed Amount (VA) or Guarantee Fee Financed Amount (USDA).

• The newly calculated Total Loan Amount will be sent to the Qualification API.

If the loan is updated from a government to a conventional loan, the MIP will be set to “$0.00” for the conventional loan.

The logic for the UFMIP Financed Amount field has been updated.

• If the UFMIP Financed Amount field has a decimal value, any cents included with the financed fees will be subtracted and added to the Paid in Cash amount.

• If either the Paid in Cash OR UFMIP Financed Amount is changed, the other value will be auto calculated to equal the Total Fee amount.

• If the Paid in Cash or UFMIP Financed Amount values are above the maximum, the auto calculation will not be performed and a warning that the sum exceeds the calculated amount will be displayed.

EPPS-80569

The VA Funding Fee Exempt Status (field ID 990) field has been added to the Partner API.

• The LoanQualifier REST API request contract was modified to accept the VA Funding Fee Exempt Status (field ID 990).

• The LoanQualifier REST API was modified to save field 990 to the Database. Loan table.

• Create new field for 990 in the loan table.

• The Rates Partner Service API was modified to accept field 990.

As part of the ICE PPE 25.1 release, the Upfront Government Fees section was added with specific calculations for each fee to the Search page. In this release, the following changes have been made to the Upfront Government Fees calculation when the Standard Product is “VA” on the Search page and the Funding Fee Exempt Status (field ID 990) is “Yes” on the Encompass VA Management form.

• The fee calculations will not be performed.

• All funding fee fields will be hidden except the Funding Fee Factor.

• The Funding Fee Factor will be set to “0.00”.

• A Funding Fee Factor “Exempt” hint text has been added.

The Partner API has been updated to write Paid in Cash back to Encompass for lock requests, lock updates, and float actions.

• Field ID 1760 will be updated.

• Field ID 3047 will be updated.

The logic for the UFMIP Financed Amount field has been updated.

• If the UFMIP Financed Amount field has a decimal value, any cents included with the financed fees will be subtracted and added to the Paid in Cash amount.

• The amount will no longer be rounded to the nearest dollar.

• The UFMIP Financed Amount will always be equal to the PMI, MIP Financed value.

The system will force the PMI, MIP Financed value for Government loans to equal the UFMIP Financed Amount (FHA), Funding Fee Financed Amount (VA) or Guarantee Fee Financed Amount (USDA) calculated on the General tab when the PMI, MIP Financed value received from Encompass is Null. In addition, this logic has been added to the Qualification Engine.

The VA Funding Fee Exempt Status (field ID 990) field has been added to the ICE Mortgage Technology Partner Network in. In addition, the Partner Network was modified to start saving field 990 to the loan table.

As part of the ICE PPE 25.1 release, the Upfront Government Fees section was added with specific calculations for each fee to the General tab. In this release, the following changes have been made to the Upfront Government Fees calculation when the Standard Product is “VA” on the General tab and the Funding Fee Exempt Status (field ID 990) is “Yes” on the Encompass VA Management form.

• The fee calculations will not be performed.

• The Funding Fee Factor will be Zero.

• If exempt, the Financed MIP will be Zero in the Qualification Engine.

• If exempt, the Total Loan Amount in the Qualification Engine is equal to the Base Loan Amount.