XML Version 4.0+ Differences when Updating an Existing Application

Version 4.0 represents a major expansion of elements allowed in Origination Update and Underwriting. It allows all the same elements as are allowed in Origination web services. However, some elements may not be used in the context of updating an existing loan application (just like the Origination web pages). Specifically:

On an existing loan application, Location ID cannot be changed. Therefore the XML element<LocationId> (and its parent, <PartnerInformation>, which has no other elements besides <LocationId>) cannot be given.

On an existing loan application, processing method cannot be changed. Therefore the XML element <ProcessingMethodCd> cannot be given.

If the underwriting authority for the application is SBA, it cannot be changed to LNDR. A lender’s decision to forgo underwriting authority and instead defer to SBA underwriting is irrevocable. Therefore, <UnderwritingBy> element can be given, but only if it contains SBA.

Some data relating to the SBA’s own credit scoring of an application are represented in version 4.0 as elements <CreditReport>, <CreditScore> and <LiquidCreditScore>. Those elements cannot be given by non-SBA users of Origination Update. It’s more restrictive than that, in fact. Only SBA underwriting loan officers (“reviewers”) may enter them. So if an SBA reviewer calls the Origination Update web service, the XML may contain those 3 elements. But if anyone else, who is not an SBA reviewer, calls Origination Update with any of those 3 elements, it will result in an error.

All of these same considerations apply to the Underwriting Web Service because it too updates an existing application.