New Features & Forms in Version 19.2.0.4 Server Patch 4

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Updates to the Encompass Client Machines

The Encompass 19.2 June Service Pack includes the following enhancements, 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.

Please note, the following new features are available in Encompass Banker Edition only,

Sell Conditions

Functionality has been added to support sell conditions for loans that are being sold to investors. The sell conditions enable lenders to track conditions to be met before a loan can be sold to an investor. Investors who are integrated into Encompass Investor Connect can send sell conditions for a loan to the lender. Lenders can then import the conditions into Encompass and use them to track and resolve the conditions.

The following features have been added to support Sell conditions:

  • A new Sell Conditions tab has been added to the eFolder.

  • Investors can send sell conditions for a loan to a lender.

  • Lenders can import sell conditions sent by investors into all four of the eFolder tabs for conditions (Preliminary Conditions, Underwriting Conditions, Post-Closing Conditions, and Sell Conditions).

    Lenders using Encompass TPO Connect should only import conditions to the Sell tab. Uploading conditions to any of the other tabs causes these conditions to display in the Encompass TPO Connect portal.

  • Lenders can manually create their own sell conditions from scratch if needed on the Sell Conditions tab.

    Administrators can use the Conditions section on the eFolder tab in the Personas setting to control their Encompass users’ ability to import conditions:

    • A new Sell Conditions Tab options has been added to control a persona’s ability to access the new Sell Conditions tab in the eFolder and to import, add, edit, and delete sell conditions on the tab.

    • New options have been added to control a person’s ability to import conditions into the Preliminary Conditions, Underwriting Conditions, and Post-Closing Conditions tabs in the eFolder.

A new Sell Conditions tab has been added to the Encompass eFolder to support conditions that must be met before a loan can be sold to an investor.

Investors can send sell conditions to lenders and lenders can import those conditions into the new Sell Conditions condition tabs in the eFolder. Sell Conditions can also be imported into the Post-Closing Conditions, Underwriting Conditions, and Preliminary Condition tabs as needed. When conditions are imported, an entry for the condition is added to the specified condition tab. Double-click the entry to open the condition details window for the condition.

Conditions can be imported into a loan file directly from one of the conditions tabs in the eFolder or via a message sent from an investor. For detailed information about importing sell conditions from investors who are integrated into the Encompass Investor Connect service, visit the Encompass Investor Connect release notes page to view the Encompass Investor Connect 19.2 June Service Pack release notes.

To help support the new Sell Conditions tab that has been added to the eFolder, new Persona options are now available to enable administrators to control which users can access the Sell Conditions tab, and manage conditions on this tab. The Sell Conditions tab enables lenders to track conditions that need to be fulfilled before loans can be sold to an investor. If a lender is using Encompass Investor Connect, they can select the Import option to pull in conditions electronically from their investor.

In addition, new options have been added to the Personas setting to enable administrators to control which users have the option to access and manage conditions on the new Sell Conditions tab in the eFolder, and which users can import conditions from investors or Encompass partners into the Preliminary Conditions, Underwriting Conditions, Post-Closing Conditions, and Sell Conditions tabs in the eFolder.

Prior to Encompass 19.2.0.4 Server Patch 4, lenders would have to log in to an Investor Portal (outside of Encompass) to receive conditions from partners and investors, and then re-enter Encompass to manually add those conditions. With the addition of these new import conditions options, the partners and investors can send those conditions to Encompass Investor Connect, and lenders can then import those conditions directly to the eFolder.

To Enable Users to Import Conditions to eFolder Conditions Tabs:

  1. Go to Encompass > Settings > Company/User Setup > Personas.

  2. Click to select a Persona type in the left panel.

  3. Click the eFolder tab.

  4. In the Conditions section, click to expand the options listed under the Preliminary Conditions option.

  5. Select the Import Conditions checkbox to grant the persona permission to import conditions to the Preliminary Conditions tab in the eFolder.

  6. Follow these same steps for the Underwriting Conditions, Post-Closing Conditions, and Sell Conditions tabs accordingly to grant permission for importing conditions to those eFolder tabs.

  7. When finished, click the Save icon.

NICE-22494

 

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