Updates to Features and Enhancements for 20.1 Major Release

To Validate Field Content:

1. To validate field entries at any time, open a loan file, select Forms on the left navigation menu, and then select ULDD/PDD.

2. Select Fannie Mae or Freddie Mac to open the corresponding form.
3. Select Validate to validate that the correct data is included in the required loan fields.
   • If required fields are not completed, the fields are highlighted on the form. A warming message also displays.
4. Complete the missing fields, and then click the Validate button.

5. The following image displays at the top of the page when the validation is completed:

   

To Export Data From Within a Loan File to a Fannie Mae or Freddie Mac File:

1. From the Fannie Mae or Freddie Mac ULDD form, select the Export button.
2. An XML file is downloaded to the default browser download location.

After you export the file, you can then submit the XML file to Fannie Mae or Freddie Mac.

To View the TPO Information Tool

1. From a loan in Encompass LO Connect, select Tools from the left navigation menu.

2. Select TPO Information. The TPO Information for the loan displays.
3. To clear the data in the Company or Branch Information sections, select Clear.

To View the Payment History Page:

1. From a loan in Encompass LO Connect, select Tools from the left navigation menu.

2. Select Correspondent Purchase Advice Form.
3. Select Payment History.

4. To populate the Payment Amortization Table for the loan, enter a date in the Anticipated Purchase Date field and then navigate to another field.

   • The Payment Amortization Table for the loan and the Calculated Purchased Principal are populated based on the 1st Payment Due to Investor field.

To Add or Delete an Extra Principal Payment.

1. In the Payment Amortization Table section, select Add Payment.

2. On the Add Payment window, enter the payment information and then select Apply.

   • To delete an extra principal payment in the Payment Amortization Table, select the Delete icon.

3. To review the payment details for a specific month, select the Info icon at the end of that month's row. After reviewing the Payment Details window, select OK to close the window.

   

Note: Two known issues exist for the Date Picker calendar feature for the following fields:

• Note Date
• 1st Payment Due from Borrower
• Anticipated Purchase Date

To Assign a Warehouse Bank and View Bank Details

The Warehouse Bank Details window enables users to select and assign a warehouse bank and view additional information about the Warehouse Bank such as bank account information, business information about the warehouse bank (e.g. address), warehouse bank contact information, and notes.

1. In the Warehouse Bank section, select the Search icon find and assign a warehouse bank.
2. On the Warehouse Bank Lookup window, locate the warehouse bank you wish to use and then select Select.
3. To view details for the assigned warehouse bank, select View Details.
4. The Warehouse Bank window displays. Use this window to review the bank details.

Fees

To indicate the fees associated with the loan, fees are automatically populated based on the rules defined for each loan and TPO. The fee code, name, and fee amount are copied as a positive number (e.g., 100 - Funding Fee 100.00). The wire amount will be calculated after the fees are updated on the Correspondent Purchase Advice Form.

Select Update Fees to populate the fees from the TPO Fees settings and override the existing fees. When the button is selected, a warning massage stating All fees except late fees will be cleared. Would you like to continue? is displayed.

To update the Purchase Details data, select the Update Balance button.

To Complete this Form:

Several fields from this form may already contain information as they are filled in on other forms. Use this form to fill in any missing information.

1. Fill out Part I to indicate whether this is a VA of HUD/FHA loan. This section also contains general borrower and loan information.

2. In Part II, complete the lender address and function information.
3. In Part IV, complete the borrower certification information related to the subject property.

To Add a New Credentials Setup

1. From the Encompass LO Connect Admin Portal, select Company/User Setup and then select Services Management.
2. Select a service category, and then select the Credentials tab.
3. Select Add to add a new Credentials setup.

4. Select a provider from the list, and then select Next.

5. The credentials page displays. In the Company Credentials section, select Add to enter the vender credentials that the company will use and then select Save.
6. To add user credentials, select Add in the User Credentials section.
7. On the Add User Credentials page, Enter the Name and Description. To enable the selected users to override the company credentials, select Override company credentials.

8. In the Users section, select the Search icon to search for specific users.

   • Note: The administrator can select individual users, or they can add an entire organization.
9. In the Search field ID, name, etc. field, enter the search criteria and then press Enter.

10. The user list is filtered to display any results that match or contain the search criteria.

    

11. Select the blue Arrow to move a user to the Added Users section.
12. When you are done, select Save.

Note:The credential setup does not enable a user to order from a service. The user must sill be enabled in the Order Options section on the Services Management page.

To Add a New Underwriting Manual Service Setup:

1. Log into Encompass LO Connect as an Administrator.
2. From the Encompass Admin Portal, select COMPANY/USER SETUP.
3. Select Services Management.
4. Select Underwriting on the Services Management page, and then select Add under Manual Ordering.
5. On the Add New Manual Setup window, select a provider.
6. Select Next. The Add Order Options page displays.
7. Enter a unique name for this setup in the Service Setup Name field.
8. Enter a description in the Description field.

9. In the Users section navigate through the Organization hierarchy or the users list to select the Users who will use this setup. To move to a folder in the Organization, select the Down Arrow icon. To move a folder in the hierarchy, or an individual user to the Added Users column, select the Move Arrow icon. To search for a specific user, select the Search icon.

   

10. To activate the new services setup, select the Activate toggle.

    

    Note: Only one manual service setup can be activated for each service provider. If you try to activate a second manual service setup for the same provider, an error message displays. All users for that service provider must be included in one manual service setup.

    

11. When you have selected all of the users who will use this service setup, select Save.