Feature Enhancements in Version 22.2 (Broker Edition)

Watch the 22.2 Release Rundown Video

For loans submitted to FNMA Desktop Underwriter (DU), the Average Median Credit Score value is now being calculated by DU and returned in the response. The following Encompass updates have been implemented to accommodate this change:

• A new read-only Avg. Median Credit Score loan-level field (field ID AUS.X199) has been added to the to the Quick Entry - AUS Details pop-up window, which is accessible by clicking the Add icon or double-clicking an existing entry in the AUS History section of the AUS Tracking tool.

  

• The Avg. Median Credit Score field is populated with the FNMA value when a response is received from DU.

• When the AUS Tracking log is created manually, the Avg. Median Credit Score field is populated with the value from the Average Representative Credit Score (field ID 4752) in Encompass.

• The Avg. Median Credit Score field is available in the Encompass Reporting Database as AUSTRACKING.AUS.X199 and can be added to reports and custom forms.

A new Hybrid option has been added to the dropdown lists (field IDs URLA.X154 and URLA.X160) used to indicate the format of the homeownership education completed by the borrower and co-borrower. This Hybrid option is selected by default when a loan imported from an iLAD/ULAD file has Other listed as the CounselingFormatType.

Updates have been made to the Flood Zone dropdown list (field ID 541) that displays on the Property Information input form and the Underwriting Summary Page 2 tool. New options (A1 through A30 and V1 through V30) have been added to the dropdown list, and the list is now editable to enable user to manually enter additional options that may be added by the Federal Emergency Management Agency (FEMA) in the future. Additionally, the entries on the list have been arranged in a new order.

There has been no change to the behavior of the Flood Zone checkbox (field ID 2236) on the Underwriting Summary tool that enables the dropdown list.

The following updates have been made to enable users to import a borrower from a MISMO 3.4 file:

• A new ULAD / iLAD (MISMO 3.4) file option has been added to the Source dropdown field on the Import Borrower pop-up window. This window is accessed by clicking the Manage Borrowers icon next to the Borrowers dropdown list at the top of a loan file and then clicking the Import button in the Manage Borrowers window.

  

Additional fields and values are now included in the Request (GetLateFees).xml file that is generated when an Encompass user clicks the Get Late Fee button (field ID getlatefee) on the Loan Estimate Page 3, RegZ-CD, and Closing Disclosure Page 4 input forms. These values are used to determine the values to import back into the Encompass late fee fields. The inclusion of the additional fields brings the Encompass Late Fee values into alignment with the values used by the Encompass Compliance Service.

For a refinance of an existing construction loan, the checkboxes for Construction-Conversion/Construction-to-Permanent field ID URLA.X133), Single Closing (field ID URLA.X134) and Two-Closing (field ID URLA.X134) in the Transaction Details section on the 1003 URLA – Lender input form are no longer cleared when a Closing Plan Code is applied to the loan.This resulted in the Fannie Mae findings no longer showing the Construction tie-in even though the 1003 URLA Lender form correctly indicated the Construction-Conversion/Construction-to-Permanent nature of the loan. For refinance loans, Encompass no longer applies the logic that disables the construction checkboxes, and the fields are no longer cleared.

New fields have been created and existing fields have been added to additional input forms to enable Encompass users to enter values needed for updated Fannie Mae and Freddie Mac Uniform Legal Instruments (Notes, Security Instruments, etc.).

• A new Print 01/2001 Version of Uniform Instruments checkbox (field ID 4793) has been added to the RegZ-CD (for RESPA-TILA 2015) and Closing RegZ (for RESPA 2010) input forms. When this checkbox is selected, Encompass generates the old 01/2001 versions of the Uniform Legal Instruments. When the checkbox is cleared, Encompass generates the new versions of the Uniform Legal Instruments.

  

  The new checkbox is also available in the Plan Codes section of the Encompass Loan Programs templates (Encompass > Settings > Loan Templates > Loan Programs) to enable lenders to populate this selection from their templates.

  

• Two fields have been added to the Title Information section of the Property Information input form. These fields are required for the printed Deed of Trust for Washington, D.C.

  • The existing field for Subdivision (field ID 1079) has been added to the input form.

  • A new Square field (field ID 4792) has been created and added to the form.

    

• On the State-Specific Disclosure Information input form, when the subject property state is Wisconsin, a new Title Information section display with the existing Property is borrower’s homestead checkbox field ID 3198). This field is required for use with the printed WI Mortgage.

  

With the Encompass 21.4 release, an update was made to the HELOC Historical Table to print fewer than 15 years when the Loan Term is less than 15 years. All 15 years were now generated in the Historical Table and were printed on the Important Terms Disclosure document. with this update, if the starting date is less than 15 years ago, the entries for the years prior to the starting year include the Year, Index, Margin, and APR values, but the Minimum Monthly Payment is left blank.

Two license types, for Utah and Wyoming, have been renamed in the Compliance Review Setup tool and the Company Information settings in Encompass. These new license types are available to select on the License tab in both settings when working with licenses for Utah and Wyoming.

• Utah: Consumer Credit Notification (replaces the Regulated Lender license type)

• Wyoming: Consumer Lender License (replaces the Supervised Lender license type)