HELOC Management
The HELOC Management input form functions as a consolidated centralized workspace for HELOC loans originated with Encompass. Most of the fields on the HELOC Management input form can be populated by applying loan program templates, by using business rules or Dynamic Data Management triggers, or by a combination of these methods. This enables policy makers and administrators at your company to set up preconfigured HELOC scenarios for the specific types of HELOCs that your company offers. Users can also manually enter data on this form to adjust the terms for the HELOC, for example by capturing an index and margin, capturing adjustment caps if needed, defining an introductory teaser rate for a specified number of months, setting a minimum initial advance, or selecting a different predefined historical table.
The HELOC Management input form includes a HELOC Program tab that is used to set the parameters and enter data for the HELOC loan and an Important Terms and Agreement Language tab that contains options used to populate data and language specific to the HELOC loan configuration on the dynamically generated HELOC Agreement and the Important Terms Disclosure output forms. For detailed descriptions about the content on each of the tabs and how data on each tab affects the dynamically generated output forms, refer to the Working with HELOC Loans guide in the Resource Center.
Access to the HELOC Management Form
Access to the HELOC Management input form is configured by the Encompass administrator in the Personas setting.
To Enable User to Access the HELOC Management Form
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Go to Encompass>Settings>Company/User Setup>Personas.
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Click to select a Persona type in the left panel.
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Click the Form/Tools tab.
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In the Input Forms section, select the HELOC Management checkbox.
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When finished, click the Save icon.
Encompass users access the HELOC Management input form by opening a loan file, clicking the Forms tab on the lower-left, and then clicking HELOC Management.