Order Vs Preview
If you are running order and fail but pass on a preview there have been changes to the file since the last disclosure. Mavent is looking for a new disclosure to be run in order to pass.
REVIEW/ORDER: an Order utilizes the last disclosed information and compares it to what is currently in the system. This is a review to make sure that no significant changes to the loan data have been made since the last disclosure. A FAIL on an Order typically indicates that something has changed since the last disclosure and has yet to be disclosed to the borrower or could have been changed inadvertently
PREVIEW: This report request is used when you have knowingly updated the system when creating a disclosure (i.e. updating figures for closing, revising figures due to a borrower request for loan amount change, etc.) and you are preparing disclosure documents. This selection tells Mavent that you want to “preview” the figures you have just entered as if you have already disclosed them so you can ensure your disclosures pass compliance and have not created any additional compliance issues. (Available on the Reg Z CD > Audit Function or the Tools > Compliance Review “PREVIEW” button)
To Resolve: Mavent is looking for a new disclosure or closing docs to be created in the disclosure tracking to pass on an order. Please consult with your internal Compliance/Legal/Procedure’s department on any change made to your loan file, settings, workflow, etc. as these are all internal business decision(s) on how best to proceed.
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