Feature Enhancements in Version 22.1 (Broker Edition)

This section discusses the updates and enhancements to existing forms, features, services, or settings that are provided in this release.

Update to Microsoft Windows and Office Support

Support for iLAD Imports

Updates are being made in Encompass to support iLAD loan file imports. At the time the GSEs announced the introduction of the 2020 URLA updates, both Fannie Mae and Freddie Mac published their own versions of ULAD specifications for ordering AUS. Both GSEs have different implementations that replaced the role previously held by the FNMA 3.2 format. An industry group working within MISMO has defined a new iLAD format, which is the new industry-wide standard that will replace the temporary ULAD format within the secondary market. Details of the iLAD import features implemented in the Encompass 22.1 Major Release are listed below.

CBIZ-42026

For cash-out refinance loans, the following logic is being used to ensure that total values are correctly populated in Encompass when importing and exporting iLAD files:

When importing an iLAD loan file into Encompass, the Total Other Income Amount (field ID URLA.X44) is not imported directly but is calculated using the total of the Borrower Other Incomes (field ID URLA.X42) and Co-Borrower Other Incomes (field ID URLA.X43).
A Lock icon has been added to the ULAD Refinance Cash Out Amount (field ID ULDD.RefinanceCashOutAmount).
When importing an iLAD loan file into Encompass, the ULAD Refinance Cash Out Amount (field ID ULDD.RefinanceCashOutAmount) is not imported directly but is populated with the total of the Existing Liens to be Paid Off (field ID 26) and the Credit Cards and Other Debts Paid Off (field ID URLA.X145).

When exporting an Encompass loan file to an iLAD file, the refinance paid-off amount is populated with the combined total of the Existing Liens to be Paid Off (field ID 26) and the Credit Cards and Other Debts Paid Off (field ID URLA.X145). Formerly, it exported from the Refinance amount (field ID 1092).

These updates do not apply to refinance debt consolidation loans because they cannot be associated with the appropriate debt to be paid off. Total values for debt consolidation loans are not imported and must be entered manually.

CBIZ-41511

When the following values are imported from an iLAD file, the values are retained and are not overwritten by the calculated values that Encompass typically populates to the fields.

This behavior is dependent on the FMNA Loan Import option in the Encompass Admin Tools. If the option has been set to Keep Calculated Values, the behavior described above is applied. If the option has been set to Use Encompass Calcs, the imported values are overwritten by the Encompass calculations.

Additionally, Lock icons will be added (as indicated below) for any fields that previously did not have a Lock icon. Encompass users can click the Lock icons to trigger a calculation that replaces the imported value.

Borrower Other Incomes (field ID URLA.X42)
Co-Borrower Other Incomes (field ID URLA.X43)
Total Proposed Monthly Housing Expenses (field ID 912)– Lock icon added
Total Mortgage Loans (I + J) (field ID URLA.X148) – Lock icon added
Other Credits (field ID URLA.X149) – Lock icon added
Total Credits (Total of L and M) (field ID URLA.X152) – Lock icon added
Total Due from Borrower(s) (Line H) (field ID 1073) – Lock icon added

Borrower FHA Closing Costs (field ID 1132)
Residual Income (field ID 1325)
Projected Reserves (field ID CASASRN.X78)
Total Subordinate Financing (field ID URLA.X230)

CBIZ-40302

Encompass Forms & Tools

For loans using the new URLA forms, the Net Income / Loss (field ID FM0132) on a Verification of Mortgage record is no longer calculated for a property that is a pending sale under specific scenarios. Details about the logic used to calculate the Net Income / Loss under these scenarios is described in the table below.

To support the new calculation logic, a new Pending Sale Date (field ID FM0159) field has been added to the Verification of Mortgage input form.

The Net Income/Loss (field ID FM0132) is now populated with a blank value unless one of the scenarios listed in the table below occurs.

Property Status (field ID FM0124)	Property will be used as (field ID FM0155)	Type of Property (field ID FM0118)	Impact on Calculation of Net Income / Loss
PS	Any option except Primary		If the sale closes prior to Closing/Disbursement, the Net Income / Loss is blank. If the sale closes after Closing/Disbursement, the Net Income / Loss is calculated if it would otherwise be calculated.
PS	Primary	2 to 4 Units	The Net Income / Loss is calculated when Gross Rental Income (Field FM0X20) is completed.* However, it is populated with a blank value if the Mortgage Origination Date (field ID 2553) or the Closing Date (field ID 748) is later than the Pending Sale Date (field ID FM0159).
R or H	Any option except Primary		The Net Income / Loss is calculated.
R or H	Any option except Primary	2 to 4 Units	The Net Income / Loss is calculated.* NOTE: Currently Primary Residence is suppressed for the calculation of rental income, however, it is allowed for 2-4-unit properties.

*As with previous versions of Encompass, the calculation of Net Income / Loss for a 2-4 Unit primary residence does not net out the payment and expenses from the rental income, per the FNMA selling guide.

CBIZ-38236

Release Rundown 22.1: Updates to the Proposed Housing Expenses Popup Windows

Updates have been made to the pop-up windows accessed by clicking the Edit icons for Other and Real Estate Taxes on the Monthly Housing Expenses pop-up window.

Proposed Other Expense

On the Proposed Other Expense pop-up window for loans using the 2009 and 2020 URLA forms, the calculation logic has been removed from the Other amount (field ID 1799). Previously the field was a free entry field, but a calculation would update the value in the field when adjustments were made to any other component expenses included in the proposed Other amount (field ID 234) on the Monthly Housing Expenses pop-up window. The calculation would offset the amount in field 1799 to make the total of all Proposed Other Expenses matched the value in field 234. Data in field 1799 is now updated manually. The calculation for field 234 remains unchanged.

Additionally, the following text has been added to the bottom of the Proposed Other Expenses window:

Entries not designated as Tax or Insurance will be included in total. Enter Other for non escrowed expense other than Association/Project Dues.

Taxes

On the Taxes pop-up window for entering or editing real estate values for proposed other expenses, the on-screen text for Override with Taxes from Itemization has been changed to Use / Update Monthly Values from Itemization.

CBIZ-32041

VA Loans

Electronic Document Management

Watch the Release Rundown Video

Updates have been made to the Packages tab in the eFolder to provide access to the following information:

Details about the package sender, including the sender’s name, role, and email address, as well as the date and time when the package was sent.
Details about the package recipients, including the recipient’s name and email address, a link to view the email sent to each recipient, and a list of tasks for each recipient. This information displays in separate sections for each recipient.

Additionally, when lenders view the documents included in a package, they can now see a list the Needed documents that were requested as part of a package.

To View Package Details:

On the Packages tab in the eFolder, click the Arrow link in the details column for an entry to view the details for a package.
The Package Details window opens in a slide-out window that displays details for the package.
- The From section provides the sender’s role in the loan, name, and email address, and the date and time when the package was sent.
- The To section includes a subsection for each recipient. includes the recipients’ status, name, and email address, and an Email Message link that opens a window where you can view the email that was sent to the recipient. The recipient’s contact information is populated from the File Contacts tool for the loan.
- Each recipient section also includes a Task section that lists both completed and pending tasks. Statuses for the tasks include: Incomplete, Complete, Review & Sign (for the sender only), and two additional statuses for eClose packages: Expired and Voided. The date and time displays when a task has been viewed or completed.
Click the Email Message link to view the email in a slide-out window.

To View Needed Documents:

On the Packages tab, click the Document icon for an entry.

When the document viewer opens, needed documents display in the Documents panel on the left. Entries for needed documents are grayed-out and cannot be opened in the document viewer. An orange Document icon displays next to these documents. Placing your mouse pointer over the entry results in pop-up text displaying to indicate that a document is a Needed Document.

DOCP-31564

File Imports

Encompass Settings

Miscellaneous Enhancements

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