Release Notes Change Log for Version 18.2

Change Type: New entries added

Change Date: 3/2/2018

Details: The following new entries were added to the Feature Enhancements page and Fixed Issues page.

Feature Enhancements: 

• New Rounding Rules for Disclosure Forms

• New Payment Change Example Button and Pop-up Window

• Negative Value No Longer Populated in Total Proposed Monthly Payment for VA Loans

• New Interest Only Field on 2018 HMDA Information Input Form

• New Counter Offer Fields Added to Underwriter Summary Tool

• Updates to the Handling of Gift Funds

• FHA Management Form Now Accessible in Field Trigger, Field Data Entry, and Input Form List Business Rules

• Updated Logic for Populating the Loan Purpose for Construction and Construction-Perm Loans

• Duplicate Loan Files Now Being Created with Unique Universal Loan ID

• Additional Fields Included in FNMA 3.2 File Imports

Fixed Issues:

• Alternate Closing Disclosure Correctly Displays Amounts Due From Borrower When Redisclosing

• Typo Corrected for FHA 203(K) Calculation Description on FHA Management Input Form

Change Type: New entries added

Change Date: 3/9/2018

Details: The following new entries were added to the Feature Enhancements page and Fixed Issues page.

Feature Enhancements: 

• Pipeline Columns Available to Display Open Conditions

• Updated Logic for Populating the HOEPA Status for NMLS Call Reports

• New Fields on FNMA Streamlined 1003 Input Form to Support Additional Day 1 Certainty Vendors

Fixed Issues:

• Updates to the LTV Calculation for Construction Loans

• Encompass No Longer Selects Apply Actual Payment Change checkbox by Default for FNMA Loan File Imports

• Section 1200 Totals Updating Correctly When Fields Updated by Business Rules

Change Type: Entry moved.

Change Date:3/13/2018

Details: The following entry was moved from the Feature Enhancements page to the Fixed Issues page.

Duplicate Loan Files Now Being Created with Unique Universal Loan ID

An issue was resolved that loans created by duplicating an existing loan to copy the Universal Loan ID (field ID HMDA.X28) from the original loan file instead of creating a new Universal Loan ID (ULI) for the duplicated loan file. This issue has been resolved and duplicated loan files are now created with their own unique Universal Loan ID.

Workaround Information:

The following workaround was provided for this production issue and is no longer required for Encompass 18.2 and later.

• Click the blue Lock icon next to the Universal Loan ID (field HMDA.X28). The icon will turn blue. Click the icon again to update the Universal Loan ID.

Change Type: New entries added and "Release Preview" converted to "Release Notes"

Change Date: 3/13/2018

Details:  The following new entries were added to the Feature Enhancements page and Fixed Issues page. In addition, the "Release Preview" naming used for this information has been updated to "Release Notes".

Feature Enhancements: 

• Good Faith Fee Variance Resolution Window Updated to Include Additional Data

• Enhancements to the JIT Logger and Encompass Client Machine Log Files

• Notes/Comments Field Added to Business Rules Settings

• Update to Persona Access Rights for Disclosure Tracking Tool

• Additional Permission Rights Applied to the Cure Variance Option in the Personas Tool

• TPO Connect Status and Current TPO Connect Fields Added to the Encompass Reporting Database

• SDK Updated to Include TPOConnectStatus and CurrentTPOConnectStatus as a Property

• PostSharp Code Removed from FieldChangeEventArgs Class in Encompass Objects

Fixed Issues: 

• Users Receiving "The selected loan has been deleted or is no longer accessible" Error in Pipeline

• Issue with the Credit Score for Decision Making Field in the Reporting Database Resolved

• Exception Error Triggered When Running Reports on Business Contacts

• Issue Resolved: Persona Access to Fields Business Rule Not Being Enforced for Locks on Lines 901 and 902 on Itemization Input Form

• Issue Resolved: Field Triggers Business Rules Not Triggering as Expected for Manual Change to Custom Calculated Fields

Change Date: 3/22/2018

Details:A new link to the Encompass SDK Install Files page was added to the Install Files and Downloads table.

Change Type: New entry added.

Change Date: 3/23/2018

Details:  The following new entry was added to the Feature Enhancements page to announce updates to the eDisclosure Agreement Form scheduled for April 7, 2018.

Updated eDisclosure Agreement Form (This Feature is Available April 7, 2018)

To conform to current compliance requirements, updates have been made to the verbiage on the eConsent agreement (the eDisclosure Agreement Form) that borrowers must review and accept before they can receive loan documents electronically. The updated version of the form is used on new loans created on or after April 7, 2018. Loans created prior to the April 7 update will continue to use the older version of the form.

EDM- 18940

Change Type: Updated entry.

Change Date: 3/27/2018

Details:  The following note was added to the Updated eDisclosure Agreement Form entry on the Feature Enhancements page to clarify the versions of Encompass that will be using the new eConsent form.

This new version of the eConsent agreement will also be used with new loans created in earlier versions of Encompass including versions 18.1 and 17.4.

Change Date: 3/27/2018

Details:  A new Fixed Issues in Version 18.2.0.1 Server Patch 1 section has been added to the Fixed Issue page to document fixes that were applied to the 18.2 Major Release on March 29, 2018.

Change Type: Updated entry.

Change Date: 3/28/2018

Details:  The following content was added to the bottom of the Updated eDisclosure Agreement Form entry on the Feature Enhancements page to specify the precise wording that has changed on the eConsent form:

The update affects the following bullet point on page 2 of the agreement.

Current bullet point:

• If the software or hardware requirements change in the future, and You are unable to continue receiving eDisclosures, paper copies of such Loan Documents will be mailed to You once You notify Us that You are no longer able to access the eDisclosures because of the changed requirements. We will use commercially reasonable efforts to notify You before such requirements change. If You choose to withdraw Your consent upon notification of the change, You will be able to do so without penalty.

Updated bullet point:

• If the software or hardware requirements change in the future, We will use commercially reasonable efforts to notify You of the change. If You choose to withdraw Your consent upon notification of the change, You will be able to do so without penalty. Paper copies of such Loan Documents will be mailed to You if You choose to withdraw Your consent.

Change Type: Updated entry

Change Date: 3/29/2018

Details:  The following entry on the Fixed Issues page has been updated.

Current Entry: 

The Sell Side Total Price Adjustment (field ID 2273) amount on the Secondary Registration tool is no longer being increased by the value of Field 3529 on loans updated via a trade. The increase was triggered when the Price Adjustments option was cleared in the Loan Data Synchronization section of the Trade Management Setup setting, a loan was assigned to a trade, and the trade was then updated. This issue has been resolved and the Sell Side total Price Adjustment now retains its original value.

Previous Entry: 

The Sell Side Total Price Adjustment (field ID 2273) amount on the Secondary Registration tool is no longer being increased by a value of $1.00 on loans updated via a trade. The increase was triggered when the Price Adjustments option was cleared in the Loan Data Synchronization section of the Trade Management Setup setting, a loan was assigned to a trade, and the trade was then updated. This issue has been resolved and the Sell Side Total Price Adjustment now retains its original value when updated via a trade.

Change Date: 3/29/2018

Details:  The following new entry has been added to the Fixed Issues for Version 18.2.0.1 Server Patch 1 section on the Fixed Issues page.

New Entry:

Issue Resolved: Advanced Conditions Code is Truncated in Field Triggers Business Rules

An issue occurred with Field Triggers business rules configured to utilize advanced conditions for triggering the rule. Administrators and authorized users were able to create and save Field Triggers rules that included advanced conditions code in the rule to specify the conditions that must be met in order to trigger it. However, upon closing the Add/Edit Trigger window that is used to configure the rule or closing the Encompass Settings screen or logging out and lagging back into Encompass, the advanced conditions code for the business rule had been truncated in the Add/Edit Trigger window. This resulted in the rule not being configured properly and if the rule had been activated it resulted in the rule (and other associated rules) not triggering as expected. This issue has been resolved so that the original advanced conditions code entered for the rule now remains intact in this scenario and the rule operates as expected.

Change Date: 3/29/2018

Details:  The following new entry has been added to the Feature Enhancements page.

New Entry:

New ARM Disclosures Now Available in Encompass Print Window

Two new ARM disclosures are now provided in the Print window in Encompass:

• Convertible ARM Disc (Name printed on form: Important Adjustable Rate Mortgage Loan Information)
• Non-Convertible ARM Disc (Name printed on form: Important Adjustable Rate Mortgage Loan Information)

It is important to note that while these disclosures are being provided for your convenience, the regulation is specific regarding the timing in which these disclosures need to be made to the consumer:

1026.19(b) Certain variable-rate transactions.

Except as provided in paragraph (d) of this section, if the annual percentage rate may increase after consummation in a transaction secured by the consumer's principal dwelling with a term greater than one year, the following disclosures must be provided at the time an application form is provided or before the consumer pays a non-refundable fee, whichever is earlier (except that the disclosures may be delivered or placed in the mail not later than three business days following receipt of a consumer's application when the application reaches the creditor by telephone, or through an intermediary agent or broker):

(1) The booklet titled Consumer Handbook on Adjustable Rate Mortgages published by the Board and the Federal Home Loan Bank Board, or a suitable substitute.

(2) A loan program disclosure for each variable-rate program in which the consumer expresses an interest. The following disclosures, as applicable, shall be provided: ...

Currently in Encompass 18.2, these disclosures are listed in the Selected Forms list in the Print window by default when users print from the RegZ – LE or RegZ – CD input form screens. Otherwise, these disclosures are listed in the left panel of the Print window on the Standard Forms tab (Look In > General Forms) where they can be selected and then moved to the Selected Forms list to be printed. Please note that the “pre-selection” of these disclosures to the Selected Forms list from the RegZ-LE or RegZ-CD screens was done in error. This issue will be resolved in a future Encompass release currently targeted for May 2018.

These disclosures will only print (or be included in eDisclosure packages and/or Closing Documents) if the loan is an ARM loan (i.e., the Amortization Type indicated is ‘ARM’ (field ID 608)). Ellie Mae is reminding you of the timing requirements stated above so you can adjust when this disclosure is generated based on the manner in which the application was received (in other words, if you have taken a retail face-to-face application for an ARM loan providing this disclosure in a closing package only would not meet this requirement). In addition, there is also the obligation to provide a disclosure for each program in which the consumer expresses an interest so you should be aware of the obligation to potentially provide multiple ARM type disclosures as needed. Please contact your Legal Counsel or Compliance professionals to use these disclosures appropriately.

In order to make these new forms available in your Encompass system(s), the administrator or other authorized user must use the Documents tool in Encompass Settings to add the forms as new forms. For instructions to add a new form, refer to the Documents topic in the Encompass online help.

Change Date: 4/2/2018

Details:  A new Fixed Issues for Version 18.2.0.2 section was added to the Fixed Issues page to describe the issues addressed in the Encompass 18.2.0.2 release.

Change Date: 4/4/2018

Details:  A new page for New Features & Forms in Version 18.2 has been added to the PDF version of these release notes. It features two entries, related to a new FHA Informed Consumer Choice Disclosure setting that has been added to the Encompass Settings, and a new FHA Informed Consumer Choice Disclosure tab added to the FHA Management input form. These entries were already provided on the New Features & Forms section of the web-based release notes, but was inadvertantly excluded from the PDF version.

Change Date: 4/5/2018

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

New Entry:

Update to Escrow Descriptions

The escrow descriptions provided on the Loan Estimate (LE) Page 1 and Closing Disclosure (CD) Page 1 have been updated from Yes, some to Some for partially escrowed scenarios. For example, if the loan featured partially escrowed property taxes, the In escrow? field description (field ID CD1.X4) on the CD would be Yes, Some. Starting in Encompass 18.2, this field description will now be Some. The following fields on the LE Page 1 and CD Page 1 will now feature this new verbiage when applicable:

• LE1.X30
• LE1.X31
• LE1.X32
• CD1.X4
• CD1.X5
• CD1.X6

Change Date: 4/13/2018

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

New Entry:

Added Fee Collaboration to Title & Closing Service (This Feature is Available April 14, 2018)

To facilitate clearer communication between lenders and title agents subscribed to the Encompass Title & Closing Center, the ability for both parties to collaborate on fees together has been added to the Encompass Title and Closing Service. When the title agent sends you a fee quote, you can import their fees and modify them, and then save the loan to send the modified fees back to the agent. The agent can then accept or modify your fees and send their modified fees back to you. You can then import their newly modified fees and repeat this collaboration as many times as necessary

The Import Fee Quote Data From Agent window has been updated to display two panels of fees:

• New Title / Recording Fees: The title agent's fees that are available to import.
• Current Title / Recording Fees: The fees that are currently in Encompass. These fees will be overridden by new fees, if they are imported.

To Import Fees from Agent:

1. From an open loan, click the Services tab, and then click Order Title & Closing.
2. On the Order Status tab, click the Import link in the Orders section to open the Import Fee Quote Data From Agent window to view the fees that are available to import.
3. Select a checkbox to import the fee or clear a checkbox to exclude the fee.
4. Click Import to import the selected fees to the 2015 Itemization input form

To Modify Fees and Collaborate with Agent:

1. From an open loan, click the Forms tab, select the Show All checkbox, and then click 2015 Itemization.
2. In section 1100 title charges and section 1200 government recording and transfer charges, modify any fees, and then click the Save icon.
   

The title agent will receive the modified fee request upon save. They can then accept or modify the fees and send them back to you.

3. (Optional) Send a message to the title agent:
   • On the Services tab, click Order Title & Closing, and then click the Order Status tab.
   • From the Send Message to Title Agent section, enter a message to the title agent regarding fees, and then click Send Message.

Change Type: Updated entry.

Change Date: 4/17/2018

Details:  The following note was added after the first paragraph in the New FHA Informed Consumer Choice Disclosure Setting entry on the New Features and Forms page.

Loan files created prior to updating to Encompass 18.2 will continue to use the previous version of the FHA Informed Consumer Choice Disclosure form. Changes to the setting are applied to the FHA Informed Consumer Choice Disclosure form only for new loans created after the setting has been updated and saved.

Change Type: Updated entry.

Change Date: 4/18/2018

Details: Updates were made to the Updates to the Closing Cost Estimate Expiration Date and Time on the Loan Estimate Output Form entry on the Feature Enhancements page to provide additional information.

Updated Entry:

Updates to the Closing Cost Estimate Expiration Date and Time on the Loan Estimate Output Form

To comply with Know Before You Owe guidelines, the following updates have been made to the Closing Costs Expiration Date information that displays on the Loan Estimate output form. These updates affect Loan Estimate output forms generated from all versions of Encompass, even those released prior to Encompass 18.2 (for example, versions 18.1, 17.4, 17.3, and earlier).

• The sentence "All other estimated closing costs expire on {date} at {time}{time zone}" containing field IDs LE1.X28, LE1.X8, and LE1.X9 will no longer display after the sentence "Before closing, your interest rate, points, and lender credits can change unless you lock the interest rate." on the output form when the Intent to Proceed checkbox (field ID 3164) is selected in Encompass.

• If the checkbox is then cleared in Encompass, the sentence “All other estimated closing costs expire on {date} at {time}{timezone}.” will once again display on the output form.

• The date, time, and time zone for the Closing Costs Estimate Expiration Date continue to display on the Loan Estimate Page 1 input form even when the Intent to Proceed checkbox is selected.

When the Intent to Proceed checkbox is selected in Encompass, clicking the Lock icon for the Closing Cost Estimate Expiration Date (field ID LE1.X28) and then manually entering the date will not cause the Closing Cost Estimate Expiration Date information to populate on the Loan Estimate output form.

Previous Entry:

Update to the Closing Cost Estimate Expiration Date and Time on the Loan Estimate Output Form

To comply with Know Before You Owe guidelines, updates have been made to the Closing Costs Expiration Date information that displays on the Loan Estimate output form. The date, time and time zone for the Closing Cost Estimate Expiration Date no longer display on the output form when the Intent to Proceed checkbox (field ID 3164) is selected in Encompass. If the checkbox is then cleared in Encompass, the date, time, and time zone once again display on the output form.

The date, time, and time zone for the Closing Costs Estimate Expiration Date (field IDs LE1.X28, LE1.X8, and LE1.X9) continue to display on the Loan Estimate Page 1 input form even when the Intent to Proceed checkbox is selected.

Change Date: 4/20/2018

Details:  The following new sentence was added to the end of the Update to Logic for Populating HMDA Total Loan Costs, Total Points & Fees, Origination Charges, and Discount Points entry on the Fixed Issues page.

Update to Entry: 

For more detailed information about the logic used to populate these fields in different scenarios, please refer to the Additional Mapping Logic tab in the HMDA Data Field Reference Guide.

Change Date: 4/24/2018

Details:The field IDs provided in the Section 1200 Totals Updating Correctly When Fields Updated by Business Rules entry have been corrected from NEWHUD.X44 and NEWHUD2.X607 to NEWHUD2.X44 and NEWHUD.X607.

Change Date: 4/25/2018

Details:The field name provided for field ID Prepaids3A5 in the bulleted list and table in the New Rounding Rules for Disclosure Forms entry has been corrected from Loan Costs to Prepaid Interest Rate.

Change Date: 4/27/2018

Details:The Miscellaneous Escrow if Taxes or Insurance bulleted point in the Negative Value No Longer Populated in Total Proposed Monthly Payment for VA Loans entry on Feature Enhancement page has been updated. Previously the entry listed 1007, 1008, and 1009 as the field IDs for the three tax or insurance entries. These numbers are actually the line numbers on the 2015 Itemization for these entries.

Change Date: 5/1/2018

Details: The description for the calculation logic in the Updates to the Cash to Close Calculations for Downpayment/Funds from Borrower and Funds for Borrower entry on the Feature Enhancements page has been updated to provide a simplified description of the calculation with example loan scenarios.

Current Description:

Updates to the Cash to Close Calculations for Downpayment/Funds from Borrower and Funds for Borrower

The following logic is now being used to determine the Downpayment/Funds from Borrower (field IDs LE2.X2 and CD3.X105) and Funds for Borrower (field IDs LE2.X3 and CD3.X107) on the Loan Estimate Page 2 and Closing Disclosure Page 3 when the Purpose of Loan (field ID 19) is Construction or Const - Perm:

Downpayment/Funds from Borrower:

The funds required to cover the total of payoffs to be paid out of loan proceeds is determined by adding the disclosed purchase price and any personal property included in the sale, and then subtracting the loan amount and financed closing costs.

Example Construction-to-Permanent Loan:

• Cost to Build: $200,000 (Documented as Payoff)

• Lot Cost: $100,000

• Personal Property: $0

• Loan Amount $270,000

• Financed Closing Costs: $0

Funds from Borrower: $30,000

Funds for Borrower: $0

Funds for Borrower:

The funds remaining after the total of payoffs are paid out of loan proceeds are determined by starting with the loan amount and subtracting the disclosed purchase price, personal property included in the sale, and the financed closing costs.

Example Construction-to-Perm Loan:

• Cost to Build: $200,000 (Documented as Payoff)

• Lot Cost: $100,000

• Personal Property: $0

• Loan Amount $305,000

• Financed Closing Costs: $0

Funds from Borrower: $0

Funds for Borrower: $5,000

When upgrading to Encompass 18.2, the values for fields LE2.X2, LE2.X3, CD3.X105, and CD3.X107 are locked in existing loans. Click the Lock icon next to a field to trigger a recalculation of the value using the new calculations.

When triggering a recalculation, an Encompass user must click the Lock icons for all field in the Calculating Cash to Close section to ensure that the resulting values are consistent across the fields.

Previous Description:

Updates to the Cash to Close Calculations for Downpayment/Funds from Borrower and Funds for Borrower

The following calculation changes have been made on the Loan Estimate Page 2, when the Purpose of Loan (field ID 19) is Construction or Const - Perm:

• Down Payment/Funds from Borrower (field ID LE2.X2) – The Down Payment/Funds from Borrower is now calculated by adding the combined totals of the disclosed Sales Price for the property (field ID L726), the Sale Price of Any Personal Property Included in Sale (field ID L79), and the Third Party Payments Not Otherwise Disclosed (field ID LE2.X29), and then subtracting the combined value of the Loan Amount (field ID 2) minus the Financed Closing Costs (field ID LE2.X1). When the resulting number is greater than 0, the Sales Price (field ID L726) is populated to the Down Payment/Funds from Borrower field. Otherwise 0 is populated to the Down Payment/Funds from Borrower field.

• Funds for Borrower (field ID LE2.X3) – The Funds for Borrower is now calculated by adding the combined totals of the disclosed Sales Price for the property (field ID L726), the Sale Price of Any Personal Property Included in Sale (field ID L79), and the Third Party Payments Not Otherwise Disclosed (field ID LE2.X29), and then subtracting the combined value of the Loan Amount (field ID 2) minus the Financed Closing Costs (field ID LE2.X1). When the resulting number is greater than 0, then 0 is populated to the Funds for Borrower field. Otherwise the resulting value is populated to the Funds for Borrower field as a positive number.

The following calculation changes have been made on the Closing Disclosure Page 3 when the Purpose of Loan (field ID 19) is Construction or Const - Perm:

• Final Down Payment/Funds from Borrower (field ID CD3.X105) – The Final Down Payment/Funds from Borrower is now calculated by adding the combined totals of the disclosed Sales Price for the property (field ID L726), the Sale Price of Any Personal Property Included in Sale (field ID L79), and the Third Party Payments Not Otherwise Disclosed (field ID LE2.X29), and then subtracting the combined value of the Loan Amount (field ID 2) minus the Financed Closing Costs (field ID CD3.X104). When the resulting number is greater than 0, the Funds from Borrower (field ID L726) is populated to the Down Payment/Funds from Borrower field. Otherwise 0 is populated to the Down Payment/Funds from Borrower field.

• Funds for Borrower (field ID CD3.X107) – The Funds for Borrower is now calculated by adding the combined totals of the disclosed Sales Price for the property (field ID L726), the Sale Price of Any Personal Property Included in Sale (field ID L79), and the Third Party Payments Not Otherwise Disclosed (field ID LE2.X29), and then subtracting the combined value of the Loan Amount (field ID 2) minus the Financed Closing Costs (field ID CD3.X104). When the resulting number is greater than 0, then 0 is populated to the Funds for Borrower field. Otherwise the resulting value is populated to the Funds for Borrower field as a positive number.

Change Date: 5/11/2018

Details: The following note has been added to the description for the calculation logic in the Negative Value No Longer Populated in Total Proposed Monthly Payment for VA Loans entry on the Feature Enhancements page to clarify the conditions under which Miscellaneous Escrow entries are included in the calculation for Total Proposed Monthly Payment (PITI) (field ID VASUMM.X99) for VA loans.

Entries in lines 1007, 1008, and 1009 are included in the calculation only when the word "taxes" or "insurance" is included in the fee description (field IDs 1628, 660, and 661) for these lines.