The Newest Way to Find Out About Important Floify Updates
If you’ve logged in to your Floify account at any point in the last few weeks, you may have noticed our new update banner at the top of your loan pipeline.
We use this new in-app announcement banner to let you, our customers, know about important updates or upgrades to the Floify platform.
One thing to note: once you close the banner, it won’t come back until there is a new announcement. So make sure you read carefully, and take advantage of any links to additional information.
We’ve even got an update to share now:
As everyone likely already knows, there are additional changes to the uniform residential loan application aimed at collecting an expanded set of demographic data on mortgage borrowers. While usage of the redesigned URLA won’t be mandated until 2019, the HMDA addendum will be need to be collected as of January 1, 2018.
This includes questions about a borrower’s race, ethnicity, and sex, as well as fields for a mortgage professional to report how they procured answers to those previous questions.
On Thursday, December 21st, we will be rolling out the HMDA updates and making them available to be added to Floify’s dynamic 1003 loan application.
Furthermore, when downloading a loan app out of Floify, we will also include the HMDA fields in the FNMA 3.2 Data File to ensure regulatory compliance for our customers. Encompass integration users will find that the new HMDA fields map properly to the corresponding fields in an Encompass loan file.
Watch for the upcoming rollout of this update, and our next major announcement coming to your Floify Announcement Banner!