Encompass 20.1 Release Notes

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  View or print the Encompass Administrator Checklist for 20.1 Major Release

Encompass 20.1 Major Release
(version 20.1/20.1.0.1 Server Patch 1/20.1.0.1 Server Patch 2)

These are the release notes for the Encompass 20.1 Major Release. They include a high-level overview of new features, feature and form enhancements, and fixed issues, followed by more detailed information and instructions where appropriate.

In addition to the information about this Major Release, these release notes also provide information about an update (20.1.0.1 Server Patch 1) released on April 11, 2020 and another update (20.1.0.1 Server Patch 2) released on April 18, 2020 to address issues discovered during testing.

Refer to the online help and the Guides & Documents page for additional information and related documents.

What's in This Release

  • System Performance Enhancements - Updates are being delivered in this major release to improve Encompass system performance and ensure users can operate more efficiently and create and update more loans in less time.

  • New Global Search Option in the Pipeline - Search all loan folders for specific loan data by simply entering the search criteria in an applicable Pipeline column header.

  • URLA Updates - Updates have been made to the new URLA forms scheduled for mandatory use on all new loans in November 2020.

  • HELOC Updates – Updates have been made to the HELOC loan process:

    • HELOC interim interest can be calculated based on the draw amount.

    • Updates to the daily interest charge calculation.

    • Updates to the HELOC initial monthly payment calculation.

    • The ability to create a HELOC table with a negative margin.

    • A free entry description field for ARM amortization type loans

  • New SOFR Option for ARM Index Type - A new 30-Day Average SOFR option has been added to the ARM Index Type dropdown lists in Encompass as an alternative to the LIBOR based indices.

  • New Fields for Correspondent Lenders - New fields have been added to Encompass for use by correspondent lenders. Most of the new fields are not visible on Encompass input forms or tools, but the fields can be added to custom forms and are available in the Encompass Reporting Database for reporting purposes.

Attention Encompass Administrators!

The following Encompass 20.1 features and settings may require additional action by the Encompass administrator. For example, by configuring or adjusting options in the Encompass settings, or reviewing and revising existing business rules affected by the new features. Please review these features to determine whether updates are required for your Encompass settings or business rules. In addition, refer to the Encompass Settings sections of the Feature Enhancements and Fixed Issues pages for specific information about new and updated Encompass settings.

Refer to the Encompass Administrator Checklist for the 20.1 Major Release(added on 3/27/2020) for a list of Encompass settings to review and adjust to support the policies and procedures you use when working with your installation of Encompass.

  • Windows 7 operating systems will not be supported for use with Encompass 20.1 and later versions going forward. It will remain supported with Encompass 19.4 and earlier versions of Encompass. Refer to the Product System Requirements and Compatibility Matrix for more information about supported and not supported operating systems.

  • (Added on 4/9/2020) Encompass 20.1 now supports Windows 10 (version 1903) operating system on workstations.

  • New SOFR Option for ARM Index Type - A new 30-Day Average SOFR option has been added to the ARM Index Type dropdown lists in Encompass as an alternative to the LIBOR based indices.

Encompass Release Naming and Timing Reminder

As a reminder, Ellie Mae has aligned our software updates with the appropriate tech nomenclature so we can be clear and consistent in our communication. The process in which you receive updates remains the same. To help you understand and prepare for releases and updates, please review the Encompass Product Release Naming Conventions page.

Certain Service Pack and Critical Patch releases are always applied to your users' computers automatically and cannot be controlled manually via the Encompass Version Manager tool. Typically these are releases that include critical compliance or feature updates, or changes to the Encompass Server that result in a new Encompass version number.

This Encompass 20.1 Major Release will be applied to your users' computers automatically and cannot be controlled manually via the Encompass Version Manager tool. Users will receive the update upon their initial log in of Encompass following the release.

System Requirements & SDK Upgrade Requirement for Encompass

Have you reviewed the latest System Requirements and upgraded the SDK?

Before downloading or applying this new Encompass release, it is important to verify the latest system requirements for Encompass client machines. Please review the System Requirements for Encompass to ensure your environment meets the requirements needed to operate Encompass successfully.

For a major Encompass release like this one, the Encompass SDK (Encompass Software Development Kit) run time environment must be upgraded to match the newly updated Encompass Server. If you fail to upgrade the SDK your application will not be permitted to connect to the updated Encompass Server. If your SDK application utilizes the Encompass SmartClient, you can automate this process so the SDK is upgraded automatically every time you apply a major Encompass release. If your SDK application is installed on a computer at your location, you must manually upgrade the SDK for every major release. For instructions for automating the upgrade process or manually upgrading the SDK, refer to the Upgrading the Encompass SDK page or view the SDK Programmer’s Guide.

Visit the Encompass SDK and Other Install Files page to access the SDK install files for this release.

 

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