Feature Enhancements in Version 23.2 (Banker Edition)

This section discusses the updates and enhancements to existing forms, features, services, or settings that are provided in this release.

System Requirement Updates

Improved Delivery of Year-End Compliance Updates

Enhancements have been made in Encompass to deliver year-end compliance updates seamlessly without the need for a critical patch update. Traditionally, a dedicated Encompass critical patch update has been required to integrate year-end compliance updates that go into effect in January of the following year into Encompass. Since the needed guidance provided by the various government agencies for new FHA county loan limits, conventional county loan limits, QM and HOEPA threshold adjustments, and the price limit test comparing APR to APOR for yearly thresholds is not typically provided until late November, a critical patch update in December has been required to provide the new guidelines and rules in Encompass.

The entries below explain the related updates to Encompass settings, fields, and forms.

CBIZ-41732, CBIZ-50032

Increase to Index Rate Decimals

The LIBOR index rounds values to three (3) decimals, which current Encompass Index % fields (field ID 688) use for calculations. In Encompass 23.2, the SOFR index, which rounds values to five (5) decimals, is now supported as well. This update includes a new Encompass Admin Tool setting and updates to new and existing fields (in desktop and web versions of Encompass) to use five decimals. The entries below explain the related updates to Encompass settings, fields, and forms.

Encompass Investor Connect customers using any of the affected fields should identify any impacts to their integration and test these changes when they become available in Encompass 23.2 test instances.


Updates to DU and LPA Calculations of LTV, CLTV and HCLTV for Special Loan Types

Updates have been made to enable users running Fannie Mae DU or Freddie Mac LPA to adjust LTV, CLTV, and HCLTV values to match the calculations used by DU or LPA (i.e., Agency guidelines) under special circumstances (i.e., affordable loans and other special types of loans). The entries below explain the related updates to fields and forms.

The calculation updates for LTV, CLTV, and HCLTV are in support of DU or LPA affordable loans. When processing a purchase and conventional loan and running DU or LPA, select the Other checkbox (field ID URLA.X242) in the Loan Features section of the 1003 URLA - Lender input form, and then type Affordable LTV in the associated text field (field ID URLA.X143). This is the Affordable Loan indicator.

Please note that as a result of these new LTV, CLTV, and HCLTV field calculations for Fannie Mae and Freddie Mac, the values may be different from the Encompass LTV, CLTV, and HCLTV field values that are used in the header of the loan file. Since these fields will use Agency guidelines when the conditions described below are met, loans that are not using these guidelines and instead using the Encompass LTV, CLTV, and HCLTV calculations may result in different values for these fields.


Trade Update Queue for Loan Trades and MBS Pools

Void Lock for Retail and Wholesale Channels

Additional Feature & Form Enhancements

Encompass Settings

Electronic Document Management (EDM)


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