Feature Enhancements
Encompass Mortgage Insurance Service
Mortgage Insurance providers are now automatically enabled/disabled in the Automation tab when the provider is enabled/disabled in their designated tab in Mortgage Insurance Service Settings (in Encompass Settings).
For example, if Arch is enabled in Mortgage Insurance Service settings, they will be automatically selected/enabled in the Automation tab. If Arch is disabled in the Arch tab in Mortgage Insurance Service settings, they will automatically be disabled in the Automation tab. See the Mortgage Insurance Service online help topic for more information.
The following URLA 2020 data are now mapped to the request file for all supported partners of Encompass Mortgage Insurance Service (Arch, Essent Guaranty, Genworth, MGIC, National MI, and Radian):
- AssetType for Liquid Assets
- RefinanceIncludingDebtsToBePaidOffAmount
- RenovationLoanIndicator
- PropertyForeclosedPastSevenYearsIndicator
- InitialPrincipalAndInterestPaymentAmount for Related Loan
- URLAAccountBasedAssetTotalAmount for Assets
- Monthly Income from Other Sources
- MonthlyMilitaryEntitlementsAmount for Military Entitlements
- Co-Borrower MonthlyMilitaryEntitlementsAmount for Military Entitlements
- EmploymentMonthlyIncomeAmount for Monthly Income (or Loss)
Encompass Fraud Service: First American Fraud
Starting with this release, the value from the Source of Down Payment field (field ID 34) is being mapped to SourceOfFunds in the loan file submitted to First American Fraud for better loan evaluation.