Feature Enhancements in Version 20.2.0.4 Server Patch 2 (Broker Edition)
This section discusses the updates and enhancements to existing forms, features, services, or settings that are provided in this release.
Updates to the Encompass Server (i.e., Server Patch 2)
Below are updates in the Server Patch (server patch 2) that is applied to the Encompass Server. The Server Patch contains the relevant Encompass code that applies to the following feature enhancement. The Server Patch included with this release will be applied to the Encompass Server automatically and cannot be controlled manually via the Encompass Version Manager tool.
(Added on 12/16/2020)
The Default to URLA 2020 mandate date in Encompass Admin Tools has been updated to 03/01/2021 (from 11/01/2020) in this release. This date determines when the URLA 2020 input forms will be used for all new loans. On or after the date indicated here, the URLA Form Version > URLA 2020 option in new loan files will be automatically selected so that the new URLA 2020 input forms are used for the loan. Prior to this date, the URLA 2009 forms will be used. Authorized users can change this date in the Encompass Admin Tools > Settings Manager > Policies as needed.
This Default to URLA 2020 mandate date was also updated from 11/01/2020 to 03/01/2021 in the Encompass 20.2 Major Release. However, if after upgrading to 20.2 you changed this mandate date back to 11/1/2020, then that date will be overwritten by the new 03/01/2021 default date when you upgrade to the Encompass 20.2 December Service Pack (20.2.0.4 Server Patch 2). If you had changed the default mandate date to any other date besides 11/01/2020 and were using that date for this setting prior to upgrading to this Encompass 20.2.0.4 Server Patch 2 release, that date will be retained and used as your Default to URLA 2020 date. The new default date of 03/01/2021 will not be set in your instance.
NICE-32703
Update to the Encompass Server
(i.e., Server Patch 2) and Client Machines (20.2.0.4)
The Encompass 20.2 December Service Pack release includes the following feature enhancements. In order for these enhancements to be fully integrated into your Encompass system, both the Server Patch and the client-side update provided with this release must be applied. The Server Patch included with this release is applied to the Encompass Server automatically and cannot be controlled manually via the Encompass Version Manager tool. The client-side update in this release can be controlled manually via the Encompass Version Manager tool. If the tool has been configured to always apply client-side updates to users’ computers automatically, users will receive the client-side updates upon their initial log in of Encompass following the release.
Again, the feature enhancements listed below will not be fully implemented until both the Server Patch and the client-side updates are applied to your Encompass system.
The updates described below have been made to the Points and Fees verbiage and the ATR/QM test calculation to reflect the 2021 TILA (Regulation Z) Annual Threshold Adjustments for HOEPA and ATR/QM.
Updated QM Threshold on ATR/QM Qualification Tab
For loans with a Document Signing Date (field ID 1887), Closing Date (field ID 748), or Estimated Closing Date (field ID 763) of 1/1/2021 or later, the calculations shown in the table below are used to populate the Current Qualified Mortgage Fee Threshold amount (field ID QM.X121) or Current Qualified Mortgage Fee Threshold percentage (field ID QM.X122).
Loan Amount |
QM Fee Threshold | Current QM Fee Field Populated |
---|---|---|
$110,260 or greater |
3% of the Total Loan Amount (field ID QM.X120) | Threshold amount (field ID QM.X121) |
$66,156–$110,259.99 | $3,308.00 | Threshold percentage (field ID QM.X122) |
$22,052–$66,155.99 |
5% of the Total Loan Amount (field ID QM.X120) | Threshold amount (field ID QM.X121) |
$13,783–$22,051.99 |
$1,103.00 | Threshold percentage (field ID QM.X122) |
$13,782.99 or less |
8% of the Total Loan Amount (field ID QM.X120) | Threshold amount (field ID QM.X121) |
Updated Verbiage on Section 32 HOEPA
For loans with a Document Signing Date (field ID 1887), Closing Date (field ID 748), or Estimated Closing Date (field ID 763) of 1/1/2021 or later, the following verbiage displays in the Points and Fees Test section on the Section 32 HOEPA Input Form:
For a loan amount of $22,052 or more total points and fees cannot exceed 5% of the total loan amount; For Loan amounts less than $22,052 the total points and fees cannot exceed the lesser of 8% of the total loan amount or $1,103; The dollar amounts used in this test may be adjusted each year, effective January 1.
Updated Section 32 Points and Fees Test
For loans with a Document Signing Date (field ID 1887), Closing Date (field ID 748), or Estimated Closing Date (field ID 763) of 1/1/2021 or later, the percentages shown in the second column below are now populated for the Maximum points and fees allowed percentage (field ID S32DISC.X100) and the calculations shown in the third column are now used to populate the Maximum points and fees allowed amount (field ID S32DISC.X101).
Loan Amount | Maximum Points and Fees Allowed Percentage | Maximum Points and Fees Allowed Amount |
---|---|---|
$22,052.00 or greater | 5% | 5% of the Reg Z Total Loan Amount (field ID QM.X120) |
$22,051.99 or less | 8% | Lesser of $1,103.00 or 8% of the Reg Z Total Loan Amount (field ID QM.X120) |
CBIZ-33224
Updates to the Encompass Client Machines
The Encompass 20.2 December Service Pack release 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.
Updates for URLA
The Total Income (field ID 101) on forms such as the Borrower Summary – Origination and the Transmittal Summary is now updating as expected when an amount is entered for the Monthly Income (or Loss) (field ID FE0056) in the Additional Self-Employment Income section on the 1003 URLA Part 2 input form. Previously the calculation update was not being triggered when an amount was entered in this field.
Workaround Information:
The following workaround was provided for this production issue and is no longer required for Encompass 20.2.0.4 and later:
- To trigger the total income calculation, open any Verification of Employment (VOE) record that is not for self-employment, change the Base Pay amount (field ID BEXX19), and then change it back to the original value.
CBIZ-29890
For Purchase loans using the URLA 2009 forms, the calculation for the Reserves amount (field ID CASSRN.X78) on the Freddie Mac Additional Data and the Underwriter Summary input forms now exclude the Total Payoffs and Payments amount (field ID CD3.X80). Previously the Reserves amount was not excluding payoffs listed in the Verification of Liabilities (VOL) records for debts identified as being paid at closing and included on the Payoffs and Payments table. This resulted in the Reserves not calculating correctly for DU and LP when there was a payoff involved in a purchase. These funds are now being factored into the funds required to close and are being used correctly when qualifying the borrower with appropriate reserves.
CBIZ-31069
Encompass Forms and Tools
The FHFA Maximum Conforming Loan Limits for 2021, announced on November 24, 2020, have been incorporated into the Encompass Conventional County Limit tables. These changes will be effective on January 1, 2021. Encompass uses the Application Date (field ID 745) to determine the year to use when applying data from the Conventional County Limits table. If the Application Date is blank, Encompass uses the current date.
CBIZ-35970
Four new Title fields (field IDs VEND.X1049, VEND.X1050, VEND.X1051, and VEND.X1052) have been added to the Custom Category entries in the File Contacts tool to support the use of titles for Lender Representatives when applying electronic signatures used in the eClose process.
The eClose functionality is schedule for release in a future version of Encompass.
When one of the custom category file contacts is selected, the Title field display in the details in the lower panel.
A new Current Assigned Title field (field ID 4683) has also been added to the following forms and is populated with the from the File Contacts when a custom category entry is selected for the Lender Representative.
-
Closing RegZ
-
RegZ-TIL
-
RegZ-CD
-
RegZ-LE
CBIZ-34146
Most Encompass fields that were previously formatted as String fields and that allowed a user to enter either a Y or N option have been updated to use the YN format. The following field IDs are affected by this update:
675 | FCE0009 | FE0550 |
1530 | FCE0015 | FE0609 |
1538 | FE0109 | FE0615 |
BE0009 | FE0115 | FE0650 |
BE0015 | FE0150 | SYS.X116 |
BE0036 | FE0209 | SYS.X117 |
BE0038 | FE0215 | SYS.X126 |
CE0009 | FE0250 | SYS.X127 |
CE0015 | FE0309 | URLA.X40 |
CE0036 | FE0315 | URLA.X41 |
CE0038 | FE0350 | URLA.X199 |
CORRESPONDENT.X29 | FE0409 | URLA.X200 |
CORRESPONDENT.X58 | FE0415 | URLA.X201 |
DISCLOSURE.X961 | FE0450 | URLA.X202 |
DISCLOSURE.X962 | FE0509 | URLA.X203 |
FBE0009 | FE0515 | URLA.X204 |
FBE0015 |
After updating to the Encompass 20.2 December Service Pack release, using the Encompass SDK to set the field value to something other than YN for these fields will throw an exception.
CBIZ-33055
To remain consistent and compliant with a HMDA LAR update announce by the CFPB in August 2020 and effective on January 1, 2021, an option for 7. Internal Proprietary System has been added to the following five dropdown lists in the Risk Assessment section of the HMDA Information input form:
-
AUS #1 (field ID HMDA.X44)
-
AUS #2 (field ID HMDA.X45)
-
AUS #3 (field ID HMDA.X46)
-
AUS #4 (field ID HMDA.X47)
-
AUS #5 (field ID HMDA.X48)
The 7. Internal Proprietary System option is available with the Encompass 20.2.0.4 release but will not be officially accepted for HMDA LAR purposes until 1/1/2021.
CBIZ-34112, CBIZ-35290
Next Section: Fixed Issues | ||
Previous Section: Introduction |