Support for Agent Lenders on Agency Lending Disclosure of Principal (ALDOP)

Work continues with WorldLend clients on the Agency Lending Disclosure of Principal (ALDOP) module. Clients who got a late start have caught up, and most have been participating in industry-wide testing.  The code provided has proven to be solid and we continue to work with clients to provide a product that meets their needs. The following key ALDOP issues have been addressed:

Optional vs mandatory fields
Industry guidelines dictated which fields were coded as optional or mandatory. At the request of borrowers, we are revising the code to change the optional fields to mandatory.

Improving Rounding Calculations
A few issues arose when dealing with rounding calculations for allocating loan values to participating principal lenders. These calculations have been enhanced, and the changes have not only led to improvement in the rounding technique used in ALDOP, but are being applied to core WorldLend calculations as well.

WorldLend staff remains highly committed to ALDOP and to assisting clients in a timely manner.