Feature Enhancements in Version 24.3 January Service Pack
(Banker Edition)
This section discusses the updates and enhancements to existing forms, features, services, or settings that are provided in this release.
Update to the Encompass Server (server patch 4)
Below are updates in the Server Patch (server patch 4) that are applied to the Encompass Server. The Server Patch contains the relevant Encompass code that applies to the following fixed issue. The Server Patch included with this release will be applied to the Encompass Server automatically and cannot be controlled manually via the Encompass Version Manager tool.
Error Message Now Provided When Field 305 is in Bid Tape Template But Not in Encompass Reporting Database
In previous versions of Encompass, if field 305 was included in a Bid Tape template- but it was not included in the Encompass Reporting Database- and that template was then processed, the job would fail, but no error message was generated to indicate why the job failed. From this release forward, an error message stating “The following field is missing in Reporting Database (305)” will be displayed to indicate why the job failed in this scenario.
Updates to the Encompass Client Machines
The Encompass 24.3 January Service Pack release includes the following updates, which will be applied to users' Encompass client machines (24.3.0.4). This client update can be controlled manually via the Encompass Version Manager tool. If the tool has been configured to always apply new releases to users’ computers automatically, users will receive this update upon their initial log in of Encompass following the release.
Update to Adjusted Fully Indexed Rate Calculation (for Rounding)
The system calculation for the Adjusted Fully Indexed Rate field (3296) has been updated so that the value in the field (Margin (689) plus Index (688)) now also includes the rounding logic indicated in field SYS.X1 (round up or round down) and 1700 (the nearest value to round to).
For example, if the margin plus the index equals 8.589%, and SYS.X1 = up and 1700 = 0.125%, the Adjusted Fully Indexed Rate value (3296) is now calculated to 8.625%.
If the margin plus the index equals 8.589%, and SYS.X1 = dn [down] and 1700 = 0.125%, the Adjusted Fully Indexed Rate value (3296) is now calculated to 8.500%.
This new calculation applies to all loan types (1172) except for HELOC loans.
For existing loans created prior to this release, the new calculation will be applied to field 3296 when the loan is opened, saved, or modified.
| Next Section: Fixed Issues | 
|
|
|
Previous Section: Introduction |