Release Notes Change Log for Version 23.1 (Broker Edition)

Change Date: 3/28/2023

Details: The Access Encompass Consumer Connect Admin Portal from Encompass Home Page entry on the New Features and Forms page has been updated to clarify that Encompass WebCenter and Loan Center users with persona access can now click the Manage your Consumer Connect Portal link to access their Encompass Consumer Connect Admin portal (i.e., the Consumer Connect Admin page). The previous version of this entry stated that all users would be able to use the link to access the Consumer Connect Admin portal.

Change Date: 3/16/2023

Details: The New Verification Information Section Added to the Borrower Summary - Origination Form entry on the feature enhancements page has been updated to indicate that the new Verification Information section is used only for Encompass Consumer Connect loans.

Change Date: 3/14/2023

Details: The Access Encompass Consumer Connect Admin Portal from Encompass Home Page entry on the New Features and Forms page has been updated. A link to the new Transitioning to Encompass Consumer Connect guide is now provided. This guide is for Encompass WebCenter and Encompass Loan Center administrators who want to transition to an Encompass Consumer Connect Basic website. It includes information about Basic websites and provides instructions for setting up and customizing a new borrower portal. This guide also describes the borrower experience of logging into the portal and accessing packages, and how lenders can use the Borrower Lookup tool to find borrowers and loan applications.

Change Date: 3/14/2023

Details: A new Fixed Issues for Version 23.1.0.2 Server Patch 1 section was added to the Fixed Issues page to describe an update to the initial Encompass 23.1 release to address an issue with custom Pipeline views and an issue with the eConsent date clearing for loans imported through Blend. The 23.1.0.2 Server Patch 1 release is available on March 18, 2023.

Change Date: 3/9/2023

Details: The following entry was added to the Feature Enhancements page:

Update to Loan Costs - Section A of the Closing Disclosure Printed Output Form

In accordance with §1026.38z(f)(1) which requires creditors to disclose the compensation to a third-party loan originator (broker) along with the name of the loan originator company ultimately receiving the payment, the Standard, Alternate, and Pro-forma versions (GTRIDCDWS_S, GTRIDCDWS_SPF, GTRIDCDNS_S, AND GTRIDCDNS_SPF) of the Closing Disclosure (CD) printed output form have been updated. With this update, the name of the broker company receiving a payment from the lender will be printed in Loan Costs - Section A of the output form. When an item in the Loan Costs - Section A of the CD Page 2 input form is marked as paid to a broker by the lender, a Paid to label followed by the broker company name will print to the right of the fee name in Section A of the CD output form. The name of the broker company will display in the area shown below (red box) when applicable, similar to the way names of the service providers are printed in Section B.)

Previously, the name of the broker company only displayed in Section A of the output form when a broker compensation value was entered on line 801(f) of the 2015 Itemization input form.

Starting on March 18, 2023 when this updated version of the printed output form is introduced, the new output form will be available in all versions of Encompass (including 23.1 and earlier and later versions).

Change Date: 3/9/2023

Details: The Updates to the HELOC Minimum Payment and Worst-Case Payment Schedules entry on the Feature Enhancements page has been updated.

Current Entry:

Updates to the HELOC Minimum Payment and Worst-Case Payment Schedules

Updates have been made to the Minimum Payment Schedule and Worst-Case Payment Schedule calculations for adjustable rate HELOCs to ensure that the rate does not drop lower than the ARM Floor (field ID 1699) or go higher than the Max Allowable APR (field ID 1893).

The schedules are accessible from the HELOC Management input form by clicking the View Example Schedules button to open the HELOC Example Payment Schedules pop-up window.

For the Minimum Payment Schedule, the calculation will add in consideration of both the ARM Floor and Max Allowable APR, and the result will be as follows:

• Should the Rate from the Historical Schedule’s most current year (e.g., 2023) be lower than the ARM Floor, the rate used for the Minimum Payment Schedule will equal the ARM Floor.

• Should the Rate from the Historical Schedule’s most current year (e.g., 2023) be higher than the Max Allowable APR, the rate used Minimum Payment Schedule will equal the Max Allowable APR.

For the Worst-Case Payment Schedule, the calculation will add in consideration of both the ARM Floor and Max Allowable APR, and the result will be as follows:

• Should the sum of the Margin + Index (field ID 1827) be lower than the ARM Floor, the rate used will equal the ARM Floor.

• Should the sum of the Margin + Index (field ID 1827) be higher than the Max Allowable APR, the rate used will equal the Max Allowable APR.

The Worst-Case Payment Schedule is currently calculated only when the Property State (field ID 14) = FL.

Previous Entry:

Updates to the HELOC Minimum Payment and Worst-Case Payment Schedules

Updates have been made to the Minimum Payment Schedule and Worst-Case Payment Schedule calculations for adjustable rate HELOCs to ensure that the rate does not drop lower than the ARM Floor (field ID 1699) or go higher than the Max Allowable APR (field ID 1893).

The schedules are accessible from the HELOC Management input form by clicking the View Example Schedules button to open the HELOC Example Payment Schedules pop-up window.

For the Minimum Payment Schedule and Worst-Case Payment Schedule calculations, the sum of the Margin + Index (field ID 1827) from the most current year of the HELOC Historical Table is no longer used in the calculation in the following scenarios:

• When the Margin + Index is lower than the ARM Floor, the floor is used to calculate the table.

• When the Margin + Index is greater than the Max Allowable APR, the Max Allowable APR is used to calculate the table.

The Worst-Case Payment Schedule is currently calculated only when the Property State (field ID 14) = FL.

Additionally, the Minimum Payment Schedule has also been updated to support fixed rate HELOCs. Previously the Worst-Case Payment Schedule did not support fixed rates, and an error displayed stating that the schedule could not be generated because the loan had no Margin + Index value entered. Now, when the HELOC is fixed, the HELOC Annual Percentage Rate (Fixed Rate) (field ID 4593) is used.

Change Type: Entries removed

Change Date: 3/3/2023

Details: The following entries were removed from the Electronic Document Management section on the Feature Enhancements page:

• File Separators Added to New Document Viewer Interface When Viewing Multiple Documents

• Enhancements to the Zoom Feature in the New Document Viewer

• Enhancement to the Search Box in the New Document Viewer

• Current File Indicator Added to the File Manager

Change Date: 2/23/2023

Details: A new Fixed Issues for Version 23.1.0.1 section was added to the Fixed Issues page to describe an update to the initial Encompass 23.1 release to address an issue with custom Pipeline views discovered during testing. The 23.1.0.1 release that includes this fix is available on February 23, 2023.

In addition, the Earnest Money No Longer Doubled on URLA Lender When Using Itemized Credits entry on the Fixed Issues page has been updated to include a note that this fix is not available in Encompass 23.1 test environments. It is included in the Encompass 23.1 release on March 18, 2023.