CIM GOLD What's New > What's New in Version 7.21.6

Note: Changes and enhancements made to Payment Calculator are mostly institution-specific and may not make sense if you are not the institution that requested it. We advertise these changes here, so your institution will be aware of the changes we have implemented. The work order number, if provided, will help you know if the change you requested is now available. If ever you need adjustments to any of your loan types used in Payment Calculator, please contact your GOLDPoint Systems account manager.

Enhancement	Description
Insurable Balance Adjustments CMP: 19863, 20318 Institution: 158 CIM GOLD version 7.21.6	Formula 5 has been implemented for Insurable Balance (due to GILA requirements). Programming has been added so that insurable balance calculation methods that override GILA rules do not display the face amount instead of the insurable balance (if there is a calculated face amount). An option was also added that will display the face amount and insurable balance as different values in the results dialog.
Special Rule 7 Option 1 Correction CMP: 20120 Institution: 354 CIM GOLD version 7.21.6	An error was preventing Special Rule 7 Option 1 from allowing the value of zero (0). This error has been corrected and this special rule now accepts zero as a valid input.
First Lien Sync Correction CMP: 19842 Institution: 158 CIM GOLD version 7.21.6	An error was causing sync timing issues with first liens. Temporary caches have been programmed to retain insurance table information if needed, and the error has been corrected.
Formula 7 Leap Day Correction CMP: 19872 Institution: 158 CIM GOLD version 7.21.6	An error was causing 366-day counts to incorrectly adjust to 365-day counts when calculating extension interest over the life of certain loans during leap years. This error has been corrected.
Insurance Disclosure Cash to Customer Adjustments CMP: 19870, 19928 Institution: 158 CIM GOLD version 7.21.6	Insurance disclosures now properly display Cash to Customer while the calculated payment amount stays constant. A new option has been added to keep Cash to Customer constant even when calculating by payment amount.
Collateral Correction CMP: 19783 Institution: 158 CIM GOLD version 7.21.6	An error was causing collateral combinations to use incorrect configurations in certain circumstances. This error has been corrected.
Disclosure Adjustments CMP: 19649 Institution: 158 CIM GOLD version 7.21.6	A new option was added to choose whether to display 30% of the amount financed for disclosure purposes.
Special Rule 7 Adjustment CMP: 19767 Institution: 158 CIM GOLD version 7.21.6	Programming has been added to exclude loans that are being renewed when Special Rule 7 is looking at open loans.
Extension Interest Adjustment CMP: 19648 Institution: 158 CIM GOLD version 7.21.6	Precalculation has been implemented for extension interest for prepaid dynamic fee formula 13 when the extension interest method is Irregular First Payment Use Average Daily Interest.

Enhancement

Description

Insurable Balance Adjustments

CMP: 19863, 20318

Institution: 158

CIM GOLD version 7.21.6

Formula 5 has been implemented for Insurable Balance (due to GILA requirements).

Programming has been added so that insurable balance calculation methods that override GILA rules do not display the face amount instead of the insurable balance (if there is a calculated face amount). An option was also added that will display the face amount and insurable balance as different values in the results dialog.

Special Rule 7 Option 1 Correction

CMP: 20120

Institution: 354

CIM GOLD version 7.21.6

An error was preventing Special Rule 7 Option 1 from allowing the value of zero (0). This error has been corrected and this special rule now accepts zero as a valid input.

First Lien Sync Correction

CMP: 19842

Institution: 158

CIM GOLD version 7.21.6

An error was causing sync timing issues with first liens. Temporary caches have been programmed to retain insurance table information if needed, and the error has been corrected.

Formula 7 Leap Day Correction

CMP: 19872

Institution: 158

CIM GOLD version 7.21.6

An error was causing 366-day counts to incorrectly adjust to 365-day counts when calculating extension interest over the life of certain loans during leap years. This error has been corrected.

Insurance Disclosure Cash to Customer Adjustments

CMP: 19870, 19928

Institution: 158

CIM GOLD version 7.21.6

Insurance disclosures now properly display Cash to Customer while the calculated payment amount stays constant.

A new option has been added to keep Cash to Customer constant even when calculating by payment amount.

Collateral Correction

CMP: 19783

Institution: 158

CIM GOLD version 7.21.6

An error was causing collateral combinations to use incorrect configurations in certain circumstances. This error has been corrected.

Disclosure Adjustments

CMP: 19649

Institution: 158

CIM GOLD version 7.21.6

A new option was added to choose whether to display 30% of the amount financed for disclosure purposes.

Special Rule 7 Adjustment

CMP: 19767

Institution: 158

CIM GOLD version 7.21.6

Programming has been added to exclude loans that are being renewed when Special Rule 7 is looking at open loans.

Extension Interest Adjustment

CMP: 19648

Institution: 158

CIM GOLD version 7.21.6

Precalculation has been implemented for extension interest for prepaid dynamic fee formula 13 when the extension interest method is Irregular First Payment Use Average Daily Interest.

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