Change of Circumstance Enhancements

Modified on Thu, 11 Sep at 3:22 PM

Change of Circumstance Enhancements

Charlie strengthens CoC support with new fields for accurate rule handling and automated redisclosure updates.



1. Charlie now supports redisclosure rules for manual Change of Circumstance events.


2. By selecting Manual as the 'Event Source' when creating a new COC event,



3. The user can choose the Reason for the event and enter the Description for the reason.


4. Then, by selecting 'Redisclosure Required' using the new 'Validity Type' dropdown, redisclosure rules are automatically applied.



5. The undisclosed event displays in the Change of Circumstance Table, triggering a banner alerting that redisclosure is needed, and redisclosure activities are launched.


6. The new ‘Validity Type’ also lets users update the determination for all change of circumstance events, including ‘Not a Valid Change of Circumstance’ or ‘No Redisclosure Required’, removing the automated redisclosure rule.



7. Additionally, when the redisclosed LE or CD has been delivered to the borrower,



8. the CoC event status and date automatically update to reflect 'Disclosed and the banner disappears.

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