Encompass Docs Solution 20.1 September Service Pack

Closing Documents Tagged for eSigning to Augment Integrations with eClosing Partners

In the upcoming Encompass 20.2 Major Release, Ellie Mae is planning to deliver the next step in the automation of residential lending by providing enhanced functionalities for electronically closing your loans.

This new eClosing functionality will be provided in phases. The first phase is a series of updates to various closing package documents that is being provided in the planned Encompass Service Pack releases leading up to Encompass 20.2. In this 20.1 September Service Pack release, a number of closing documents have been updated in order to facilitate a hybrid eClosing with partners already on the Marketplace and pave the way for additional partners to be added. This update provides the ability for Encompass users to move forward with eClosing their loans by providing partners with signature coordinates and associated metadata for Encompass generated documents. Visit the Ellie Mae Marketplace for additional details about partners offering electronic closing services.

To understand which forms have been updated for eClosing in this release, please review the “eClosing Planned Forms List” document, which lists the form and accompanying targeted release phase schedule. There is no action required to enable this- it will now be a part of each applicable document generated by Encompass Docs. As further described in the eClosing Planned Forms List, the initial release includes forms that are a part of the core closing documents package which includes both generic and state specific disclosures along with the 100 most commonly used lender generic forms for closing. The initial release does not contain any forms that require signatures or initials of individuals or entities other than borrowers and non-borrowing owners. In addition, notes, security instruments, riders, documents requiring acknowledgments, notarization, or recordation are not included in the initial phase. The eClosing Planned Forms List will be updated regularly and can be revisited at any time to obtain the ongoing status of these form updates.