Feature Enhancements in Version 25.2 July Service Pack

To Create a New Worst Case Pricing Policy Definition:

1. Log into ICE PPE as a Client admin.

2. Click on the Admin tab, and then click on the Settings tab.

3. Click on the Worst Case Pricing Policies link.

4. the Worst Case Pricing listing page, click on the Enter a new Policy Definition link.

• From this page, you can also edit a definition, view a definition (cannot be edited), or hide a definition.

• Select the Hidden checkbox to display any hidden definitions. To unhide a hidden definition, select the hide link again.

5. On the Worst Case Pricing Policy page, enter the following information.

• Enter a unique policy name in the required Policy Name field.

• Enter a priority in the required Priority field. This determines which of the Worst Case Pricing Policies assigned by your rules will be applied to the selected Loan Program.

• The integer range is 1<=x<=100, with "1" as the highest priority.

• By default, “50” will be entered.

• Select either the InvokeWCP or Force Current Market checkbox.

• If InvokeWCP is selected, the following checkboxes are automatically selected.

• Current Market/Most Recent Lock - Include already incurred extension fees

• Current Market/ Most Recent Lock - Use original lock days

• Current Market/ Most Recent Lock - Include LLPAs

• If Force Current Market is selected, all the fields and checkboxes are disabled except for Policy Name, Priority, and InvokeWCP.

• In the Current Market and Most Recent Lock sections, you can only select one of the following:

• User original lock days

• Use the greater of original or 30 days lock

• Use the Lock Days when necessary to meet the Estimated Closing Date checkboxes

• In the Current Market and Most Recent Lock sections, the field next to the Include a relock fee checkbox is only enabled when the checkbox is selected.

• The decimal value (3 decimal positions) range is -10<=X<=10.

• A negative fee will worsen the price.

Items to consider:

• The selections in the Current Market/Most Recent Lock sections are only used to define the comparison calculation to identify the worst of the two pricings, which is least advantageous for the borrower.

• The value entered in the Include a relock fee field, which allows entry of an amount to include in the calculation, does not actually get applied to the displayed pricing.

• Such an adjustment could be triggered and applied to the displayed pricing using the same Rule Manager rule that triggered the respective WCP policy.

• The WCP Policies might impact the speed in which pricing is returned. We recommend monitoring this impact (which will vary based on the number of loan programs impacted).

• We also highly recommend testing this feature due to its complexity prior to impacting your production loans.

6. Click Save.

To Create a New Lock Extension Policy Definition:

1. Log into ICE PPE as a Client admin.

2. Click on the Admin tab, and then click on the Settings tab.

3. Click on the Lock Extension Policies link.

4. On the Lock Extension Policy listing page, click on the Enter a new Lock Extension Policy Definition link.

5. On the Lock Extension Policy Definition, enter the following information.

• Enter a unique policy name in the required Policy Name field.

• Select the Default checkbox to set the policy as the default.

• If a default policy already exists, a message “Replace the existing default Policy?” will be displayed when Save is selected.

• Select the Enable lock extension requests checkbox to enable lock extensions.

• Enter a priority in the required Priority field. This determines which of the Worst Case Pricing Policies assigned by your rules will be applied to the selected Loan Program.

• The integer range is 1<=x<=100, with "1" as the highest priority.

• By default, “50” will be entered.

• Configure the remaining options to suit your company’s needs. For more details on these options, refer to the Lock Extension Price Adjustment section of the Encompass Product and Pricing Setting help topic.

• If Enable lock extension requests is selected, the following radio buttons, fields, and checkboxes are enabled.

• Unlimited extension days

• Original Lock Period days

• Limit extensions to not exceed [Enter Number] days

• Limit extended locks to not exceed [Enter Number] total lock days

• Control option

• Only one of the options under “How many days should extensions be limited to?” can be selected at one time. The default option is “Unlimited extension days”.

• The [Enter Number] section of the Limit extensions to not exceed [Enter Number] days option is only enabled when the radio button is selected.

• The [Enter Number] section of the Limit extended locks to not exceed [Enter Number] total lock days option is only enabled when the checkbox is selected.

• The [Enter Number] section of the Limit locks to not exceed [Enter Number] total extensions option is only enabled when the checkbox is selected.

• The default value for Control option is “No company control - user can request any extension days and adjustment”.

• Depending on the Control option selected, additional fields may be displayed.

• If the Control option is set to “Company controls extension days and price adjustments by extension occurrence”, the following fields will be disabled.

• All options under “How many days should extensions be limited to?”

• Limit locks to not exceed [Enter Number] total extensions

6. Click Save.