New Features & Forms in Version 24.3 (Banker Edition)

To Configure the Lock Comparison Tool Fields Setting:

1. On the menu bar, click Encompass and then click Settings.

2. On the left panel, click Secondary Setup and then click Lock Comparison Tool Fields.

• If the user does not have the right to access this setting, an error message is displayed stating the user does not have access to the setting.

3. The fields displayed on the screen are the default fields that will be displayed in the Lock Comparison Tool.

• To reorder the fields in the list, click and hold the Move () icon next to the field you want to move and then drag that field to its new place on the screen.

• To delete a field from the list, click the Delete () icon next to the field you want to delete.

4. To customize the fields in the tool, click Manage Fields .

5. From the predefined list of fields, select the fields you want to display in the tool and deselect the fields you do not want to display in the tool.

The fields available for selection are either from the Lock Request Form and/or Lock Request Additional Fields. Currently borrower paired fields (e.g., 2950 --> 1811) are not supported.

• A minimum of 1 field must be selected and the maximum number of fields allowed is 50.

6. Click Apply to save your changes.

• The number next to “Apply” indicates the number of fields being applied to the tool.

To Use the Lock Comparison Tool:

1. On the Pipeline, locate a loan displaying a status in the Rate Lock Validation Status column.

• If the column is not displayed, right-click any column header and then select Customize Columns. In the Search field, enter “Rate Lock Validation” and then click Find. Select the Rate Lock Validation Status checkbox and then click OK.

• When adding the Rate Lock Validation Status column (i.e., field 4788) to the Pipeline, be sure that the field is also added to the Encompass Reporting Database. If you do not add it to the Selected Fields section of the database, errors may be triggered when you attempt to add the column to the Pipeline.

2. Click on the status icon and then select Compare Lock Fields.

• Alternatively, you can open the loan and then click on Lock Comparison Tool in the Tools panel or click on the Lock icon in the loan header and then click on Lock Comparison Tool.

3. The read-only fields at the top of the screen display the number of field changes, the date the loan was locked, and the lock validation status.

4. The Lock Fields dropdown field enables you to either display “All Fields” or “Only Fields with Changes”.

5. The grid provides the field name, the current lock value, and the current loan value.

• The Current Loan Value column displays any changed field values or the existing lock field value if there are no changes.

• The increase or decrease of a changed field value is indicated with an upward or downward arrow.

6. If the loan needs validation, the Validate Pricing button is displayed.

7. Click Validate Pricing.

• Alternatively, you can click on the loan’s status icon on the Pipeline and then select Validate Pricing.

8. You are directed to the pricing provider’s website (indicated in field ID 5029).

• Any unsaved changes are saved to the loan before the provider’s website is launched.