Release notes

In this release, we've introduced updated nonrecurring income calculation logic, lender analytics download, and extended support for new Classify and Capture documents.

What's new?

Classify and Capture

New Classify and Capture supported documents

The Classify and Capture supports are enabled for the following newly onboarded documents:

Tax forms

To learn more, see the All Supported Documents page.

Classify

New Classify-specific documents support

Classify support is now extended for the various documents. Click the category name below to expand/collapse the list of newly supported documents:

Disclosure

Additional Insurance Disclosure
Advanced Fee/Application Disclosure
Alternative Mortgage Loan Product Disclosure
Alternative Mortgage Transaction Disclosure
Anti-Coercion Insurance Disclosure
Application Disclosure
Application Fee Disclosure
Appraisal Disclosure
Appraisal Fee Disclosure
Attorney and Insurance Preference Disclosure
Automated Valuation Model Notice
Balloon Disclosure Regarding Extension of Credit
Balloon Payment Disclosure
Broker Disclosure
Broker HPML Disclosure
Business Relationship Disclosure Notice
Co-Broker Disclosure
Collateral Protection Insurance Disclosure
Commitment Disclosure
Conflict of Interest Disclosure
Consumer Credit Insurance Disclosure
Consumer Credit Transaction Disclosure
Consumer Disclosure Statement
Cost of Insurance Disclosure
Counseling Disclosure
Covered Loan Disclosure to Borrower
Credit Life Disclosure
Credit Loss-Of-Income Insurance Disclosure
CSO Contract
CSO Information Statement
Debt Management Service Provider Contract
Depository Institution Insurance Disclosure
Disclosure of Fees Earned by Mortgage Company
Disclosure of Lenders
Disclosure of Multiple Roles in a Consumer Real Estate Transaction
Disclosure of Negative Amortization
Disclosure of Payment Application
Disclosure of Refinancing Options
Disclosure of Servicer
Disclosure of Servicing Complaints
Disclosure Receipt
Disclosure Regarding Legal Representation
Disclosure Statement Required for Residential Construction
Dual Capacity Disclosure
Dual Mortgage Broker - Fees Disclosure
Dual Status Disclosure
Earthquake Insurance for Condominiums Disclosure
Enhanced Prepayment Penalty Disclosure
Escrow Account Disclosure Agreement
Estimated Disclosure Document
Failure to Close Disclosure
Fair Housing Disclosure
Favorable Terms Disclosure
FHA Mortgage Loan Correspondent Disclosure
Financial Institutions Insurance Disclosure
First Lien Appraisal Waiver/Receipt Form
Foreclosure Disclosure
High Cost Home Loan Disclosure
High Cost Loan Application Disclosure
High Cost Loan Counseling Disclosure
High Cost Loan Insurance Disclosure
High Cost Loan Payment Disclosure
High Cost Tangible Net Benefit Worksheet
Higher Interest Rate In Lieu of PMI Disclosure
Home Equity Balloon Notice on HELOC Agreement
Home Equity Loan Disclosure
Home Loan Protection Act Disclosure
Homestead Disclosure
Insurance Disclosure
Insurance Disclosure Acknowledgment of Receipt
Interest Rate Disclosure
Interim Financing Disclosure
Junior Lien Disclosure
Loan Brokerage Agreement and Disclosure Statement
Loan Brokerage Agreement and Loan Origination Disclosure Statement
Loan Number Disclosed on Security Instrument
Loan Originator License Disclosure
Loan Payoff Disclosure Statement
Lock-In Disclosure
Lower Investment Grade Disclosure
Money Broker Loan Disclosure Statement
Mortgage Banker Disclosure
Mortgage Guaranty Insurance Cancellation Disclosure
Mortgage Loan Broker Agent Disclosure
Mortgage Loan Disclosure Statement
Mortgage Loan Origination Disclosure
No Doc/Limited Doc Disclosure
Non-Brokered Escrow Account Disclosure
Non-Finance Charge Disclosure
Non-Purchase Residential Mortgage Loan Disclosure
Noncredit Term Insurance Disclosure
Nonprime Home Loan Disclosure
Open-End Consumer Credit Plan Disclosure
Optional Insurance Disclosure
Oral Agreement Disclosure
Originator Non-Agency Disclosure
Payment Reduction Fee Disclosure
Per Diem Interest Disclosure
Pledged Time Deposit Account Disclosure
PMI Disclosure
Pre-Application Disclosure for Licensed Bankers
Prepayment Charge Disclosure
Prepayment Disclosure at Application
Prepayment Disclosure at Closing
Processing-Underwriting Disclosure
Property Insurance Escrow Account Disclosure
Purchase Money Caption on Standard Security Instruments
Rate Cap Disclosure
Rate Lock Disclosure
RD Mortgage Guaranty Insurance Cancellation Disclosure
Re-Disclosure Certification
Reasonable Means Disclosure
Red Flag Warning Disclosure Notice
Refinance Disclosure
REL Supplemental Disclosure
Residential Mortgage Loan Originator Disclosure
Right to Own Attorney Disclosure
Section 32 Mortgage Loan Disclosure
Settlement Services Disclosure
Signatures on Closing Disclosure
Small Loans First Payment Disclosure
Solicitation of Insurance Disclosure
Spanish General Disclosure
Spanish Mortgage Disclosure Form
Statement of Credit Denial or Termination (or Charge)
Statute of Frauds Disclosure
Statutory Authority Disclosure
Student Loan Refinance Disclosure
Subprime Loan Counseling Disclosure
Subsection 10 Mortgage Loan Disclosure
Telephone Sales Contract Notice on All Notes and Security Instruments
TILA HELOC Disclosures in HELOC Agreement
Title Insurance Disclosure
Truncated Coverage Disclosure
Trust Fund Disclosure
Unemployment Insurance Disclosure
VA Loan Applicants Disclosure
Variable Interest Provision in Deeds of Trust
Vendor's Single Interest Insurance Disclosure
Verification of Prepurchase Counseling and Acknowledgment of Risk Disclosure
Water Supply Disclosure
Well Disclosure Statement

Mortgage-specific forms

Home Equity Loans (HELOC) Agreement

To learn more, see the All Supported Documents page.

Enhancements

Cash Flow Analytics

Enhancements to lender analytics download

Underwriters utilize Ocrolus’ Excel output in lender analytics download to access Cash Flow Analytics. The structure of the Excel download has been optimized to help underwriters quickly identify the metrics they care most about, including debt, expenses, and revenue. Now, you will find the two new tabs Debt and Revenue & Expenses in the lender analytics download. These easy-to-read tabs highlight the most salient debt and revenue metrics that lenders use for underwriting.

Analyze

Enhanced nonrecurring income calculation logic for self-employed borrowers

The logic for handling nonrecurring income and losses for self-employed borrowers is updated. The nonrecurring income or losses detected on {line_item} in {form_type} are excluded from the final income calculation logic for self-employed borrowers to provide a more conservative approach. Now, lenders can choose to include these values at their discretion and manually update the calculations accordingly.

Please collect supporting documentation for further decisions.

Key changes:

Positive nonrecurring income: This amount will now be subtracted from the total (treated as negative).
Negative nonrecurring income: This amount will now be zeroed out and excluded from the calculation.

This change applies to the following document types:

1040 Schedule F (Lines 5c & 8)
1065 (Lines 5, 6 & 7)
1120S (Lines 4 & 5)
1120 (Lines 8, 9 & 10)