Property

Use the Property tab to enter information about the subject property and any other real estate owned by the borrower. The Property tab is accessed as part of the process for creating a loan, or while reviewing or editing a loan that has a status of Prospect or Qualified. Before you can access the Property tab, you must complete the required fields on the preceding tabs that are used in the loan creation process.

When you have entered enough information to begin the qualification process, a Qualify button will display. Click the button at any time to open the Qualify tab to select programs and rates.

1. On the Home tab, click the My Loans tab, and then click Create new loan or click the borrower name for an existing loan with a status of Prospect or Qualified.
2. Complete the General tab, and then click Next.
3. Complete the Borrower tab, and then click Next.
4. Complete the Finances tab, and then click Next.
5. On the Property tab, in the Subject Property Information section, select or enter information about the subject property, including expenses associated with the property such as annual property taxes, homeowners insurance, association fees, and rental income.

• When Encompass passes a zip code that is located within more than one county (e.g., 19010 in Delaware and Montgomery counties), you will need to select the correct county from the pop-up window.

6. In the Other Real Estate Owned section, select or enter information about any additional properties owned by the borrower.

The Market Value, Mtg Balance, Monthly Payment, and Rental Income fields will be disabled (and cannot be edited) if their values are passed from Encompass to ICE PPE to prevent a mismatch of amounts when the values are passed back to Encompass. To edit these values, update them in Encompass and then resubmit to ICE PPE.

7. When finished, click Next to open the Qualify tab to select programs and rates.