Historical Pricing
This feature is not available in Encompass Broker Edition.
The purpose of historical pricing is to automate the post lock process. For secondary and lock desk users, a lock can be validated against eligibility and pricing as of the lock date or the Worst Case Pricing tool can be used to compare current pricing against pricing as of the lock date. For loan originators, a loan can be relocked and repriced without using the lock desk.
Historical Pricing and the Worst Case Pricing tool are only enabled when Encompass Product and Pricing Service (EPPS) is selected as your product and pricing engine.
To support historical pricing, one year of pricing data will be retained, such as rate sheets, eligibility rules, loan level price adjustments, loan limits, holdbacks, and loan programs.