DoubleTime 8.0. Release Notes

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2 Page 2 We are pleased to announce the release of DoubleTime Version 8.0 This version contains all of the compliances for the TILA-RESPA Rule Amendments for A new text editor has been added to make working with the Documents module easier. Also, you will now have the ability to your Policy Jackets directly from the Document Selection window. Another time saving feature has been added to User Preferences that will allow you to use a dedicated Save-As location for all of your documents. This release also contains a number of improvements and fixes. Included are updates to the Closing Disclosure, Branch Product Order, Closing Protection Letter, Balance Sheet, and Reports modules. See the Changes you will notice in this release section below to read about the changes that are most visible to you. REMEMBER, IT IS ALWAYS VERY IMPORTANT TO INSTALL THE LATEST VERSION OF DOUBLETIME IN ORDER TO REMAIN COMPLIANT. WE VALUE YOUR INPUT. Please continue to provide your comments and suggestions by calling the Help Desk, your Member Support Representative, or Member Account Executive. You can also send us an by visiting the DoubleTime Product Support page on thefund.com. Discover what DoubleTime has to offer and more by going to the DoubleTime Support Center at thefund.com/dt. View the full DoubleTime Training Class or Quick Tips videos, Search FAQ s and Release Notes to get answers quickly, and download the latest software updates. The DoubleTime Support Center can also be accessed through DoubleTime by clicking on Help DoubleTime Support Website.

3 Page 3 Changes you will notice in this release: TILA-RESPA RULE AMENDMENTS FOR 2017 DoubleTime 8.0 is compliant with the clarifications and changes issued by the CFPB regarding the TILA-RESPA Rule for See below for helpful links: - Detailed summary of changes and clarifications: documents/201708_cfpb_2017-tila-respa-rule-detailed-summary-of-changes-and-clarifications.pdf - CFPB TILA-RESPA Implementation and Guidance: guidance/implementation-guidance/tila-respa-disclosure-rule/ TEXT EDITOR An upgraded text editor has been added for use in DoubleTime 8.0. Highlights include: Ability to scroll through documents using the mouse wheel Add hyperlinks to any document Ability to add checkboxes to any document Compatible with Windows 10 Stability Improvements Note: Due to the text editor upgrade, please check your custom documents and custom master documents for any formatting discrepancies.

4 Page 4 STANDARD AFFIDAVIT FORMS Commonly used Affidavits are now available for use in DoubleTime. These affidavits came directly from the Affidavit Practice Manual on our website. To access the affidavits from any file, open the Documents module and select the New button. From the Master Document Selection window, change the Classification: filter to Affidavits and change the Type filter to Standard. All new and existing affidavits will now be available to select.

5 Page 5 ING OF POLICY JACKETS From the Document Selection window in the Documents module, you will now be able to your policy jackets. To do this, click on the jacket(s) so that it is highlighted, then select the button in the lower right-hand corner. SAVE-AS PREFERENCE A new preference has been added to Preferences User Settings General tab to allow for setting a default location when saving documents in the Documents module. By default, this directory will be empty. To select a default location for your documents, click on the Browse button, choose your designated path, and then click OK.

6 Page 6 DOCUMENTS MODULE When saving a document and to utilize the Save-As feature, follow these steps. While in the desired document, click on File Save-As Document Image The following window will appear and the Save-in: location will default to the location you selected in User Preferences.

7 Page 7 BRANCH PRODUCT ORDER A new feature has been added to the Branch Product Order wizard in the Special Instructions field. When Name(s) with Status is entered in the Closing File module, this information will carry over into Special Instructions of the Branch Product Order wizard. This will allow the branch to keep the exact formatting you have setup for the Buyer and Seller Vesting Information when delivering the product back to you.

8 Page 8 REPORTS CLOSING FILE BY LOAN APPROVAL A new Closing File By Loan Approval report has been added to DoubleTime to show the status of a Loan Approval Period per the real estate contract. To use the report, a Closing Date must be present in the closing file. Closing File General tab A loan must also be present in the closing file with a Status of New. Closing File Loan tab Note: Loan Status of Assumption, Modification, or Payoff will not show on the report.

9 Page 9 Under the Terms tab in the Loan tab of the Closing File module, a Loan Approval Due Date: and a Loan Approved? checkbox are now available. The Loan Approval Due Date: should reflect the date used for the Loan Approval Period on the real estate contract. This will be used to reflect the days left in the loan approval period on the report. Once the loan is approved, checking the Loan Approved? checkbox will remove the closing file from reflecting on the Closing File By Loan Approval report. Closing File Loan tab Terms tab To run the report, go to the Reports module and select Closing File By Loan Approval. Enter the desired Closing Date From and To dates. Optionally, you may also enter the Closing Agent, Closer, and the Close File Status.

10 Page 10 Running the report based on the current day will show how many Days Left in a Loan Approval Period. Note: Files prior this upgrade will not show Days Left without entering the date in the Loan tab Terms tab of the closing file. Loan Approval Days Left will show a negative number in red when the Loan Approval Due Date has passed. REPORTS CLOSING FILE BY CLOSER The ability to sort the Closing File By Closer report by Branch has been added to the Reports module.

11 Page 11 ESCROW ACCOUNTING REPORTS TRIAL BALANCE REPORT The addition of a Buyer(s) and Seller(s) column has been added to the Trial Balance report to easily identify files. UNIFORM CLOSING DATASET As with the previous version of DoubleTime 7.0.6, we are preparing for data that will be electronically submitted to Freddie Mac or Fannie Mae. Below are some new and updated features you will notice in this release. For more detailed information about this requirement, please visit the following sites: Freddie Mac - Fannie Mae - MORTGAGE INSURANCE TERMINATION DATE A new field has been added to the Loan module and the Closing File Loan tab Terms tab for the termination date of mortgage insurance. This will be added to the data sent as part of the UCD export file. Loan module

12 Page 12 Closing File Loan tab Terms tab LATE PAYMENT A new drop-down selection list has been added to the Late Charge Type field to allow for the proper selection of a late fee. This affects both the Loan module and page 4 of the Closing Disclosure. The default selection will be set to 'No Late Charges'. Loan module

13 CLOSING DISCLOSURE PAGE 4 DoubleTime 8.0 Page 13 UCD XML FILE EXPORT A new UCD Export feature has been added to the Settlement Statement module for both Sale and Refinance Closing Disclosures. When it is requested, DoubleTime has the ability to export the required data from the Closing Disclosure, including the required PDF into an XML formatted file. This will be used to submit to the GSE's (Fannie Mae and Freddie Mac). See the following: Under the Actions menu, select the UCD XML File Export option.

14 Page 14 UCD XML FILE EXPORT WINDOW Upon entering the UCD XML File Export window, select the path where you would like to save the XML file. The next step is to select the format that is requested by choosing one of the options under Select Export PDF Format. Finally, click on Create UCD Export File. Once completed, click on Close to exit the window. Note: The 'Export Status' section allows you to copy the Export Status Messages to your ClipBoard to create a custom report, the option to Print the Report, or to clear the status screen.

15 Page 15 IMPROVEMENTS AND FIXES DoubleTime 8.0 includes multiple improvements and fixes for the Closing File, Closing Disclosure, Balance Sheet, CPL, Contacts, and Reports modules. The improvements include: Corrected Close File copy to include Paid by Others POC and to preserve the TRID Variance Adjustment transaction type Corrected ALTA reports when the word Title was used in the description of the Closing Disclosure Allow the EIN number to show for an LLC when used as the Title Agent Show the Underwriter/Title Agent contact correctly on the Closing Disclosure 2 Column Ledger reports Corrected the Lender being removed from Close File when importing an FPX file Fixed the ability to export contacts from the Contacts module Corrected the exclamation notifications for 1099-S Year-End Maintenance Allow the LLC contact to be inserted as a Legal Entity Allow payoffs for a refinance file to show on the Balance Sheet Added a Veteran Health Identification card proof type to the Maintenance List For additional information on DoubleTime 8.0, please visit thefund.com/dt or contact The Fund's Help Desk at

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