Adjustment Templates

Use the Adjustment Templates tool to create templates of price adjustments that are applied to a loan trade. Price adjustments are based on characteristics of the loan or the borrower; for example, the amount of the loan or the borrower's credit score.

To Create an Adjustment Template:

  1. On the menu bar, click Encompass, and then click Settings.

  2. On the left panel, clickSecondary Setup, and then click Adjustment Templates.

  3. Click the New icon.

  4. On the Create/Edit Template window, enter a Name and Description for the template, and then click the New icon to add price adjustment details.

    If your template is for investor-specific adjustments, include the investor's name in the template Name and/or Description.

  5. Type a price adjustment, and then click the New icon.

  6. On the Add/Edit Search Filter window, click the Find icon.

  7. On the Select Field window, double-click to select a field from the list. The list is comprised of a default set of loan fields and any loan fields added to the Reporting Database.

    • Or, type one or more characters and click Find. The first occurrence of the characters in any column is found.

  8. Select an Operator, enter (or select) required Values, and then click OK.

    • The Operator and Value define how the field will be used to define the adjustment. For example: Field ID= 1109 (Loan Amount), Operator = Greater than., Value = 250000.

  9. For multiple filters, select each filter and then click the AND/OR button to indicate how the filters are applied. Use and when you want all the selected filters to apply to the loans. Use or when you want to locate loans that match any of the selected filters.

  10. For multiple filters, use parentheses to control the order in which the filters are evaluated. Click Parentheses, select the filters to group, click the New icon, and then click OK.

  11. Back on the Create/Edit Template window, double-click the cell in the Price Adjustment column, and then type a percentage value for the adjustment when the condition is met.

    • If the investor will pay the adjustment amount when the conditions are met, enter a positive number. If the investor will receive a discount, enter a negative number.

  12. To add more adjustment entries, click the New icon, and then repeat steps 5 through 8. The new entry will be added at the bottom of the list.

    • Or, to place a new entry above an existing entry, select an existing entry, click Insert, and repeat steps 5 through 8.

  13. When you finish adding adjustment entries, click Save.

Work with Adjustment Templates

ClosedEdit a Template

  1. Select a template and click the Edit icon.

  2. To add an adjustment, click the New icon, and then follow step 5 through 10 above.

  3. To edit a Price Adjustment, click a cell in the Price Adjustment column, and then enter a new value.

  4. To edit an adjustment filter, select an adjustment, and then click the Edit icon.

  5. To delete an adjustment, select an adjustment, and then click the Delete icon.

ClosedDuplicate a Template 

  1. Select an investor template and click the Duplicate icon.

  2. Enter the Name, and edit other information as needed.

  3. Click Save.

ClosedDelete a Template

  1. Selected a template and click the Delete icon.

  2. Click OK in response to the confirmation message.