Fixed Issues for Version 20.1.0.13
This Encompass 20.1 July Service Pack Critical Patch 1 includes updates to users' Encompass client machines (20.1.0.13).
Why we fixed this issue: This issue was fixed to improve usability and to help ensure Encompass is operating as expected. The issue was chosen to be fixed based on the severity of its impact to clients and client feedback.
Updates to the Encompass Client Machines
The Encompass 20.1 July Service Pack Critical Patch 1 includes the following item, which is a client-side updates that is 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.
Fixed Issues
An issue has been resolved that caused incorrect APR calculations on the Loan Estimate and Closing Disclosure forms for ARM loans when the Floor Basis (field ID ARM.FlrBasis) is equal to the Margin (field ID 689) and the Margin is lower than the Note Rate (field ID 3). This issue was introduced with the Adjustment for ARM Loan Interest Rate Rounding update in the Encompass 20.1 July Service Pack release. The issue has been resolved, and the APR is now calculating as expected for ARM loans under the scenario described above.
This update also applies to the APR calculations for ARM loans in Encompass LO Connect.
CBIZ-33490, CBIZ-33494