Fixed Issues for Version 18.3.0.5
This Encompass 18.3 Critical Patch 1 includes updates to users' Encompass client machines.
Why we fixed these issues: These issues were fixed to improve usability and to help ensure Encompass is operating as expected. These issues were chosen to be fixed based on the severity of their impact to clients and client feedback.
Updates to the Encompass Client Machines
The Encompass 18.3 Critical Patch 1 includes the following items, which are client-side updates that are applied to users' Encompass client machines. 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.
Encompass Forms and Tools
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.
- 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.
An issue occurred where an error was generated when users attempted to lock and confirm loans created prior to Encompass 18.3. If a lock request was submitted for an existing loan, a user retrieved either Get Buy Side Pricing or Get Sell Side Pricing, and then attempted to lock and confirm that loan in Encompass 18.3, the following error message was generated and the lock confirmation failed:
“The value ‘Lender’ is invalid for field ‘LCP.X1’. Allowed values are: Lender Paid, Borrower Paid, Exempt."
In addition, an error was generated when the compensation model was changed in the Encompass Product and Pricing Service (EPPS) when retrieving either Get Buy Side Pricing or Get Sell Side Pricing.
These issues have been resolved. The loans originated prior to Encompass 18.3 can now be locked and confirmed and no error is generated when the compensation model is changed in EPPS when retrieving either Get Buy Side Pricing or Get Sell Side Pricing.
These issues have been resolved for all new loans going forward. For loans impacted by these issues, you must go through the Lock and Confirm once the critical patch is applied to successfully complete the lock confirmation.