Fixed Issues for Version 19.4
Why we fixed these issues: These issues were fixed to improve usability and to help ensure the Encompass Product & Pricing Service (EPPS) is operating as expected. The issues that are chosen to be fixed are based on the severity of their impact to clients and client feedback.
MIP No Longer Cleared on the General Tab When Sell Side Pricing Requested in Encompass
An issue occurred with the MIP on the General tab. If Get Sell Side Pricing was selected in Encompass, the MIP was cleared and the Total Loan Amount was recalculated on the General tab when the data from Encompass was populated into EPPS. This issue has been resolved. The MIP is no longer cleared and the Total Loan Amount is no longer recalculated when sell side pricing is requested in Encompass.
Error No Longer Generated When Rate Selected on Virtual Program
An issue occurred where an error was generated when a rate was selected on a virtual program. The virtual program had multiple versions, and the target program associated with these versions was not consistent. When the rate was selected, the target program chosen did not match the current production version’s target program. The system could not match the virtual program to the correct target program, and generated the error. This issue has been resolved and the system now considers only the target program from the current production version.
Historical Pricing Now Provides Qualifications Using Non-QM Products and Investors
An issue occurred where the original Non-QM locked program and investor was not pulled when historical pricing was submitted via Encompass. Since the General tab is not available for historical pricing, and the Non-QM standard product check box is not displayed on the Qualify tab, users could not select the Non-QM standard product when running historical pricing. This issue has been resolved and the Non-QM standard product check box is now selected, along with Agency and Non-Agency on the General tab when a loan is passed from Encompass as “Conventional”. In addition, the Non-QM check box will be displayed (and selected), along with the Agency and Non-Agency check boxes, on the Qualify tab.
Rows in Condition Definition Now Ordered Correctly
An issue occurred with the rows in a Condition Definition. The rows were randomly listed, instead of in the specific order they were set up in. This issue has been resolved and the rows in a Condition Definition are now displayed in the correct order.
Effective Date and Time Now Correct When Relock or Historical Pricing Submitted to EPPS
An issue occurred when submitting a relock request from Encompass via EPPS or historical pricing via the Worst Case Pricing tool. When a relock or historical pricing was submitted, it pulled different pricing than the original lock because the effective time on the relock/historical pricing did not match the original lock. This issue has been resolved and the effective date/time on the Qualify tab now matches the effective date/time on the General tab. If the effective date/time is blank on the General tab, the date/time when the lock was requested in Encompass is populated on the Qualify tab.
CLTV for Second Lien Now Correct on General Tab When Loan Amount Updated on Encompass Lock Request Form
An issue occurred with the CLTV on the General tab. If the Loan Amount (field ID 3043) on a locked second lien loan was adjusted, and then Get Pricing was selected, the CLTV was incorrect and the Other Closed End 2nd Mort on the General tab was populated with the adjustment made to the Loan Amount. This issue has been resolved and the CLTV is now calculated correctly and the Other Closed End 2nd Mort is no longer populated with the adjustment to the Loan Amount.
