2021-02-09 Release Notes (Data Library)

What is changing?

  • Data Library datasets are being updated to include additional fields.
  • The values for specific fields for an Data Library dataset are being updated to better match the intent of the dataset. 
  • An Data Library dataset is being renamed.
  • New Data Library datasets are being added.

 

Why is it changing?

These changes improve the usefulness and usability of the datasets available in Data Library.  The new datasets provide additional valuable data.

 

Which datasets are impacted?

Account Level All Scenarios

  • The column ‘Stage Status’ was added.
  • The value for the ‘Origination Channel Expense’ column now reflects the total origination expense at the account level.
  • The value for the ‘Servicing Channel Expense’ column now reflects the annual servicing expense at the account level.

Account Level Pipeline Scenarios

  • The column ‘Stage Status’ was added.
  • The value for the ‘Origination Channel Expense’ column now reflects the total origination expense at the account level.
  • The value for the ‘Servicing Channel Expense’ column now reflects the annual servicing expense at the account level.

Cap Floor Impact

  • The column ‘Stage Status’ was added.
  • The column ‘Stage Name’ was added.

[former] Active Loan Accounts

  • Dataset renamed to Active Commercial Loan Accounts.
  • Records and columns in the dataset have not changed.  Dataset has always contained just the commercial loan accounts.

Active Consumer Loan Accounts

  • New dataset added for clients who send consumer loans via Relationship Awareness.
  • Same fields as Active Commercial Loan Accounts dataset.

[new] Active Loan Accounts

  • New dataset - the combination of Active Commercial Loan Accounts and Active Consumer Loan Accounts.

 

How does my bank need to prepare for these changes?

  • Any processes using the renamed dataset should be updated to reflect the new file name.
  • Any processes using the ‘Origination Channel Expense’ or ‘Servicing Channel Expense’ fields in the Account Level All Scenarios or Account Level Pipeline Scenarios datasets should be updated to handle the new meanings of the values.

 

When are these changes happening?

These changes will be effective in the Data Library tab of the PrecisionLender application as of February 10th, 2021.