XPLAN Mortgage R8 Release Notes - Iress
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Header here - Title of document XPLAN Mortgage R8 Release Notes March 2017 www.iress.com Insert date here 1
XPLAN Mortgage R8 - Release Notes
Contents
Introduction ........................................................................................................................4
Mortgage Sourcing Enhancements ..................................................................................5
1. Sourcing results can be sorted by Lender .............................................................................. 5
2. Cashback displayed in sourcing results .................................................................................. 5
3. Distribution type Display ......................................................................................................... 5
4. Total to Pay – What is/isn’t included in TTP?.......................................................................... 6
5. Illustrations are ordered by initial payment (lowest first) ......................................................... 6
6. Ability to print a Second Charge cost comparison .................................................................. 7
7. Loan requirements screens are locked after a product has been implemented ...................... 7
Advice Enhancements.......................................................................................................8
8. Client name added to Tasks in the Tasks panel ..................................................................... 8
9. Easily view all documents relating to a Client ......................................................................... 8
10. Adverse Credit History can be captured within Client details .................................................. 9
11. Add Client notes from anywhere in the Fact Find ................................................................... 9
12. Improved display of current arrangements ............................................................................. 9
13. Savings & Pension contributions can be captured as Expenditure items .............................. 10
14. Future amounts for Liabilities, Current Arrangements and Assets can be captured .............. 10
15. Capture whether the client is a smoker or non-smoker in Client Details ............................... 11
Protection Enhancements ............................................................................................... 12
16. Protection shortfall calculators - BETA ................................................................................. 12
17. Amendments to Critical Illness cover types .......................................................................... 14
18. Various updates to Income Protection (aligned to XPLAN) ................................................... 14
19. Obtain partially underwritten Protection quotes .................................................................... 14
20. Default occupation removed ................................................................................................. 15
21. Demands & Needs letter available to Advice users .............................................................. 15
22. Manual Protection Quotes .................................................................................................... 16
Bug Fixes.......................................................................................................................... 17
1. Self Employed Income is included in Comparison requirements........................................... 17
2. Product Viewer display issues resolved (IE10 and IE11 browsers) ....................................... 17
3. Error when selecting multiple mortgage results has been fixed ............................................ 17
4. Selecting ‘Include fees’ adds Booking and Arrangement Fees but not Other Fees ............... 17
5. Documents open in separate browser tab for iPad users ..................................................... 17
6. Current Arrangements navigation issue fixed ....................................................................... 17
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XPLAN Mortgage R8 - Release Notes
7. Future expenditure amounts being calculated correctly ........................................................ 17
8. Client Summary screen shows the Client’s preferred address .............................................. 17
9. Ability to have more than 50 diary entries ............................................................................. 17
10. Diary entries no longer displayed in American format (MM/DD/YYYY) ................................. 17
11. Protection user credentials only visible to Protection users .................................................. 18
12. Ownership of Protection products is validated prior to quoting ............................................. 18
13. Generate Documents button not selectable for manual Protection quote ............................. 18
14. Ability to delete a Protection arrangement from the Expenditure screen ............................... 18
15. Annual Income is required for Family Income Benefit quoting .............................................. 18
16. Multi Benefit Single Policies display correctly in Multi Benefit tab ......................................... 18
17. Policy results screen displays correctly in Firefox ................................................................. 18
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XPLAN Mortgage R8 - Release Notes
Introduction
This document details what is covered within the All enquiries regarding this document should be
latest release of XPLAN Mortgage – R8 March addressed to:
2017.
Phill Harber
Please note the screens displayed in this Product Owner - XPM
document, are from being logged in as an 1 Kingmaker Court
‘advice’ user. If you are a ‘sourcing only’ user Gallows Hill
you will see reduced functionality to what is Warwick
shown in some of the screens. CV34 6DY
Mobile: 07471 953891
Email: phill.harber@iress.co.uk
Page 4
XPLAN Mortgage R8 - Release Notes
Mortgage Sourcing Enhancements
1. Sourcing results can be sorted by Lender
You can now sort the mortgage Sourcing results by Lender name once they have been obtained.
Sourcing results will continue to be sorted by Initial Rate (low-high) by default.
2. Cashback displayed in sourcing results
Cashback amounts are displayed within the mortgage sourcing results table.
3. Distribution type Display
Within the sourcing grid a change has been made to the distribution type column. You will now see the
following icons against products
Which indicate the following:-
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XPLAN Mortgage R8 - Release Notes
4. Total to Pay – What is/isn’t included in TTP?
Improved visibility of how To Total to Pay (TTP) is calculated. Within the sourcing results screen, you are
able to see what is included and excluded in the TTP calculation by expanding the Total to Pay section in the
right-hand product browser.
5. Illustrations are ordered by initial payment (lowest first)
The Mortgage Illustrations screen will sort products by Initial Payment (low-high).
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XPLAN Mortgage R8 - Release Notes
6. Ability to print a Second Charge cost comparison
If you have access to the second charge sourcing functionality you can print a comparison between First and
Second Charge products so that your Clients have this information for their records.
7. Loan requirements screens are locked after a product has been implemented
Within XPLAN Mortgage there is the concept of ‘implementing’ an illustration record. Implementing a
mortgage illustration record adds the record to the clients fact find. Once a new mortgage illustration has
been implemented in XPLAN Mortgage, it will lock the record down, you will see be able to view the record
but it locks the data input fields.
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XPLAN Mortgage R8 - Release Notes
Advice Enhancements
8. Client name added to Tasks in the Tasks panel
The Tasks panel on the main XPLAN Mortgage Dashboard now includes the Client name against each Task.
9. Easily view all documents relating to a Client
Ability to access all documents relating to a Client from the Client Summary screen by clicking View All, as
shown below. By default, all documents relating to the Client will be shown. It is then possible to quickly filter
these so that only documents relating to a particular scenario or case are shown.
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XPLAN Mortgage R8 - Release Notes
10. Adverse Credit History can be captured within Client details
You can now capture details of any Adverse Credit your clients have, so that a record of relevant history can
be built up. Adverse Credit information is also used to improve the relevance of mortgage sourcing for
affected clients. The next release of XPLAN Mortgage (R9) will include Adverse Credit History functionality
for Mortgage Sourcing-only users.
11. Add Client notes from anywhere in the Fact Find
Notes can be added to a Client record at any point in the Fact Find journey. By default, the note will be
prepopulated with details of the screen it was raised from and will be attached to the Client or Partner record
in view.
12. Improved display of current arrangements
Current Arrangements within the fact find has been enhanced to include a protection total summary as
highlighted below:
Handling of Joint Life cover calculations has also been improved to ensure covers are apportioned correctly.
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XPLAN Mortgage R8 - Release Notes
13. Savings & Pension contributions can be captured as Expenditure items
Savings and Pension contributions can now be captured in the Fact Find as itemised expenditure items.
Pension contribution is captured under ‘Committed’.
Savings is captured under ‘Basic Quality of living’.
14. Future amounts for Liabilities, Current Arrangements and Assets can be captured
You can capture your clients’ anticipated future values of existing liabilities, arrangements and assets.
If a liability is to be repaid before the mortgage advance, the future mount is automatically set to zero.
These values are then pre-populated in the Expenditure section of the fact find
Page 10XPLAN Mortgage R8 - Release Notes
15. Capture whether the client is a smoker or non-smoker in Client Details
Fact Find now includes ability to capture whether Clients are smokers or not. This information is captured in
the Personal Details section of the Fact Find, it is defaulted to “non-smoker” and is automatically pulled
through to any Protection quotes for the client.
Page 11XPLAN Mortgage R8 - Release Notes
Protection Enhancements
16. Protection shortfall calculators - BETA
Protection users can now calculate their Client, Partner and Joint protection needs and highlight any
shortfalls. The calculator can be found within the Quick Links section when in a Case. The calculator accepts
Income, Expenditure, Liabilities, Disposable Assets and Mortgage Balance amounts, as well as capturing
details of existing covers. This data is used to provide shortfall illustrations. This feature is a Beta release,
meaning is has been thoroughly tested and produces accurate results. The Beta status reflects that some
elements of this feature will be delivered at a later date (eg: import financial details from Client Details, ability
to print results, persist results through to protection sourcing journey)
Protection calculators financial details screen:
Page 12XPLAN Mortgage R8 - Release Notes
Protection Calculators ‘What If…’ screen:
Protection Calculators results graphs:
Page 13XPLAN Mortgage R8 - Release Notes
17. Amendments to Critical Illness cover types
Cover types for Term Assurance, Mortgage Protection, Critical Illness, Critical Illness (Mortgage Protection),
Family Income Benefit and Renewable term have been updated to include Work Tasks and Look After
Yourself options.
18. Various updates to Income Protection (aligned to XPLAN)
The following changes have been made with regards to Income Protection quoting:
Ability to set a “0” (zero) waiting period (weeks and months)
Ability to select “AWE” (average weekly earnings) in Benefit Escalation
Decreasing Benefit and Policy Type has been removed from Income Protection Own Life
Policy Type has been removed from Income Protection Life of Another and Key Person
19. Obtain partially underwritten Protection quotes
Protection users can capture their Clients’ height, weight and waist measure measurements in order to
obtain more accurate protection quotes.
If the input details are entered then a partially underwritten quote will also be obtained. The default sort
order is to show partially underwritten premiums first followed by standard premiums.
At the time of release, partially underwritten quotes can be obtained for:
Term assurance
Convertible term
Renewable term
Renewable convertible term
Family income benefit
Mortgage protection
Gift inter vivos
Page 14XPLAN Mortgage R8 - Release Notes
20. Default occupation removed
When creating a Protection-only quote, users are now required to enter the Client’s (& Partner’s) Occupation
so that souring results will reflect their main occupation. (Note: For combined Mortgage & Protection quotes,
occupations remain defaulted to “Assumed Non-Hazardous” for expedience). Where available, occupation
details will be auto-populated from the Fact Find.
Screenshot below.
21. Demands & Needs letter available to Advice users
In order to generate a Demands & Needs letters you must subscribe to the ‘Advice’ module of XPLAN
Mortgage to have access to the link below.
Page 15XPLAN Mortgage R8 - Release Notes
22. Manual Protection Quotes
Protection users can enter details of protection policies not sourced through XPLAN Mortgage, this is to
cater for instances where you need to go direct to the provider for a quote. Maybe an impaired life quote for
example
You can pre-select to add a manual quote in the policy details screen:
If the user wishes, manually entered quotes can appear alongside system generated quotes in the sourcing
results table, for comparison. A manual quote is highlighted with the M icon as shown above.
Page 16XPLAN Mortgage R8 - Release Notes
Bug Fixes
1. Self Employed Income is included in Comparison requirements
Previously it was necessary to re-key self-employed income when requesting a comparison. This change
ensures the incomes for self-employed clients are applied to comparison requirements.
2. Product Viewer display issues resolved (IE10 and IE11 browsers)
The Product Viewer panel was flowing off the side of the screen in IE10 and IE11. This has now been
resolved and displays correctly in these browsers.
3. Error when selecting multiple mortgage results has been fixed
It is now possible to quickly select multiple mortgage products within the sourcing results without incurring an
error message.
4. Selecting ‘Include fees’ adds Booking and Arrangement Fees but not Other Fees
When selecting to Include Fees, only the booking and arrangement fees are added to the loan. Other Fees
are excluded.
5. Documents open in separate browser tab for iPad users
iPad users will now find that documents opened in XPLAN Mortgage will open within a new browser tab.
6. Current Arrangements navigation issue fixed
A minor bug regarding the navigation within Current Arrangements has been fixed. Previously, attempting to
add a cover without entering the details of the cover would result in the page hanging – requiring the user to
refresh the page.
7. Future expenditure amounts being calculated correctly
Future amounts for Expenditure records are now being calculated and displayed correctly. Previously, when
viewing a monthly future amount, the annual amount was being displayed.
8. Client Summary screen shows the Client’s preferred address
Previously the Client Summary screen displayed the last edited address for the client. This has been
changed so that the preferred address is always shown.
9. Ability to have more than 50 diary entries
Users can have more than 50 diary entries without previous performance impact.
10. Diary entries no longer displayed in American format (MM/DD/YYYY)
Fixed to ensure diary entries are always be displayed in the typical British format: DD/MM/YYYY
Page 17XPLAN Mortgage R8 - Release Notes
11. Protection user credentials only visible to Protection users
Non-Protection users will no longer see the User Credentials item in the left-hand navigation because these
are only relevant for Protection users.
12. Ownership of Protection products is validated prior to quoting
It is now necessary – before quoting Protection products – to select who the product will apply to (client,
partner or joint). This change is only relevant to cases with multiple applicants.
13. Generate Documents button not selectable for manual Protection quote
In the case of manual protection quoting, XPLAN Mortgage will not have documents for the products quoted
therefore, no supporting documents are available and the button is disabled.
14. Ability to delete a Protection arrangement from the Expenditure screen
Previously, users could only delete Protection arrangements from the Current Arrangements screen. This
change allows deletion of these records from the Expenditure scree too.
15. Annual Income is required for Family Income Benefit quoting
Annual Income must be provided before Family Income Benefit products can be sourced as this is required
for FIB quotes.
16. Multi Benefit Single Policies display correctly in Multi Benefit tab
Where multi-benefit policies were returning only once cover type, the policy was not being displayed. This
has been fixed.
17. Policy results screen displays correctly in Firefox
The alignment of policies in the Policy results screen has been improved for Firefox users.
END OF DOCUMENT
Page 18XPLAN Mortgage R8 - Release Notes
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