Encompass Compliance Service 2022 Rules Release Notes

The Encompass Compliance Service (ECS) January 2022 Rules release notes include changes made to the ECS system for rules and updates for State rules.

LegendRH - Rule Header; RD - Rule Detail

Closed Determining Consummation Date

Certain rules updates included in this release apply only to loans with a consummation date during the calendar year 2023.

Where applicable, to determine the consummation date (i.e., when a loan is closed, or when a loan is made) —

  • ECS uses Document Signing Date (field ID 1887) if it has a value.
  • If Document Signing Date (field ID 1887) is blank, ECS will use the date in Closing Date (field ID 748).
  • If Closing Date (field ID 748) is blank, ECS will use the date provided in the loan file for Estimated Closing Date (field ID 763).

See Also

Refer to the online help and the Guides & Documents page for additional information and related documents.

 

 

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Encompass Compliance Service 2022 Rules Release Notes