Changed Circumstances Setup
Use the Changed Circumstances Setup tool to manage the list of changed circumstances users can select from when indicating a change in circumstance on the Loan (LE) Estimate Page 1, Closing Disclosure (CD) Page 1, and 2010 GFE input form.
When indicating a changed circumstance on one of these forms, users select the Changed Circumstance checkbox, click the Lookup icon, and then select a changed circumstance from the Changed Circumstance list. The selected circumstance description and associated comments are then populated to the form.
To Create a New Changed Circumstance Option:
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On the menu bar, click Encompass, and then click Settings.
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On the left panel, click Loan Setup, and then click Changed Circumstances Setup.
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Click the New icon.
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In the Detail panel enter information in the following fields:
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Description: Type in a brief overview of the changed circumstance option.
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Reason: From the dropdown list, select the reason to associate with the changed circumstance option. This dropdown list is based on the Reason list provided on the LE Page 1, CD Page 1, and 2010 GFE input form. When a user selects a changed circumstance from the Changed Circumstance list on the LE, CD, or 2010 GFE in a loan file, the associated Reason checkbox on the form will be selected automatically (based on the reason you select from the dropdown list).
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Code: Type the code for the changed circumstance. This code is applied to the changed circumstance and remains associated with it even if the description of the change in circumstance is modified later. Encompass relies on this code when the administrator configures the criteria for a document's inclusion in an eDisclosure package, sets up and generates reports, and when configuring a Field Trigger business rule.
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Comments: Type additional details about the changed circumstance.
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Click the Save icon.
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The new changed circumstance option is added to the Changed Circumstance Options list.
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To Edit a Changed Circumstance Option
To Duplicate a Changed Circumstance Option
To Move an Option Up or Down in the Changed Circumstance List