Release Notes Change Log for Version 18.3.0.5

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This Change Log lists each release notes entry that has been added, deleted, or modified since the initial pre-release version was published.

Change Type: New entry added

Change Date: 8/9/18

Details: The following new entry was added to the Fixed Issues page.

Based on feedback from Encompass users, the amounts that display in the USDA Guarantee Fee Financed (field ID NEWHUD2.X1593) and PMI/MIP Financed (field ID 1045) fields are again being rounded to a dollar value, as they were in previous versions of Encompass. This reverses an update that was made in the Encompass 18.3 release to remove the rounding and display the full value in dollars and cents for these amounts. The following conditions apply to this update:

  • Accessing and modifying a USDA loan where the guarantee fee is documented as Fully Financed now triggers a recalculation to convert the USDA fees and loan amount to full dollar amounts.
  • A Lock icon has been added to the Total Loan Amount (field ID 2) to enable adjustments to include cents if required by the lender or investor.
  • The amount in cents for the USDA fee is now populated to the PTC value on line 819 on the 2015 Itemization input form.
  • The total USDA fee amount reflects the fully financed amount, which is slightly overstated due to the amount in cents being collected through closing.
Change Type: Updated information

Change Date: 8/9/18

Details: Due to the inclusion of the Rounding for Guarantee Fee Financed and PMI/MIP Financed update in this release, the Encompass SDK (Encompass Software Development Kit) has been repackaged. While not required, it is recommended that you upgrade to this latest version of the SDK to ensure that the same functionality that is in this latest version of Encompass is also available in your SDK, including the new calculation logic being applied to the USDA Guarantee Fee Financed (field ID NEWHUD2.X1593) and PMI/MIP Financed (field ID 1045) fields. Information about the new SDK being repackaged for this release has been added to the Start page of these release notes.

Change Type: Updated entry

Change Date: 8/10/18

Details: The following bullet point was removed from the Rounding for Guarantee Fee Financed and PMI/MIP Financed entry on the Fixed Issues page.

  • A Lock icon has been added to the Total Loan Amount (field ID 2) to enable adjustments to include cents if required by the lender or investor.

The Lock icon to be added to the Total Loan Amount field (field ID 2) was not added in this release as described in the release notes.

 

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