FAQ: What are High Impact Field Change Messages?

Modified on Tue, 7 Oct at 2:39 PM

Q: What are High Impact Field Change Message Rules?

A: These rules automatically trigger warning messages when critical loan data changes. They help ensure compliance, accuracy, and awareness when updates could affect pricing, eligibility, disclosures, or loan status.

Q: Where do these rules apply?

A: High Impact Field Change Messages appear whenever key loan fields are updated.

Q: What types of messages or alerts can appear?

Scenario	Message Shown	Purpose / Action
Appraised value lower than expected	“The appraised value came in lower than expected.”	Alerts the user that LTV, MI, and pricing must be reviewed. Updates statuses like Disclosures, Product & Pricing, AUS, and Compliance to “Needs Order.”
Core loan value changed on a disclosed loan	“This loan has already been disclosed. Are you sure you want to change a core loan value?”	Prevents changes that may require redisclosure. Sets multiple statuses to “Needs Order.”
Possible valid Change of Circumstance (CoC)	“If this is a valid change of circumstance, please record a CoC event.”	Prompts creation of a CoC event if applicable and flags Disclosures for review.
Possible impact to loan lock	“This loan has already been locked. Are you sure you want to change a core loan value?”	Warns that edits could invalidate a lock. Flags Product & Pricing for review.
Possible impact on loan eligibility and/or pricing	“These changes may impact loan eligibility and pricing. Product selection and AUS should be re-run.”	Encourages re-validation of AUS and pricing.
MI now required	“This change will cause Mortgage Insurance to be required. Do you want to continue?”	Notifies user that a change in LTV (>80%) or conversion to Conventional loan will trigger MI.

Q: What happens when these high impact fields change?

Depending on the context and timing (e.g., after disclosure, during lock, after AUS), the system may:

Display a confirmation message
Require user acknowledgment to proceed
Flag related items (Disclosures, Product & Pricing, AUS, Compliance) as “Needs Order” or “Needs Review”
Prompt for a Change of Circumstance (CoC) event
Potentially trigger automated tasks, such as redisclosure events or notifications