Conditions

If your company uses standard conditions, use the Preliminary Conditions, Underwriting Conditions, Post-Closing Conditions and Delivery Conditions tabs on the eFolder to create, track, and clear conditions for a loan.

If your company uses Enhanced Conditions, a single Conditions tab displays on the eFolder (instead of the Preliminary, Underwriting, Post-Closing, and Delivery tabs) where you can create, track, and clear all your conditions for a loan. Refer to the Enhanced Conditions topic for additional details.

You can associate electronic documents with each condition. You can also access the electronic files assigned to the documents, so that you can easily access and view related information as you track, manage, and clear the condition. A condition with associated documents will display a document icon in the Documents column. Associated documents with file attachments will display a document icon with a paper clip. Select a condition, and then click the Edit icon to open the Condition Details window for the document.

The conditions tabs that are visible will depend on the permissions the administrator has given your persona.

• The Preliminary Conditions tab is typically used by loan processors to track and manage preliminary conditions such as the DU conditions.

• The Underwriting Conditions tab is typically used by underwriters to track and manage conditions that must be cleared before the loan is approved.

• The Post-Closing Conditions tab is typically used by shippers to track and manage trailing documents and any other outstanding conditions.

• The Delivery Conditions tab is typically used by secondary marketing to track and manage conditions that must be met before a loan can be sold to an investor or before a funding request can be approved by a warehouse lender.

  If your company uses Encompass Investor Connect services to work with partner conditions, refer to the Delivery Conditions topic in the Encompass Investor Connect help system.