Dynamic Data Management

Dynamic Data Management (DDM) is a scenarios-based rules engine that ensures that the value of any fee or field is automatically populated for various loan scenarios as defined by the administrator. With DDM, you can control the order of operations and ensure that the right field value is populated for the right scenario. This provides more control. DDM is easier to organize and maintain. It helps overcome the challenges associated with maintaining hundreds of closing cost templates, and, provides better visibility to the administrator on the rules that have been setup. With Dynamic Data Management, you can create a look-up table for a fee or a field based on multiple variables. Using a look-up table eliminates complex advanced code and makes it easier to maintain the rule as changes happen.

Dynamic Data Management also opens more possibilities for automation. For an end user, it is about minimizing data entry and having accurate / consistent data in the loan. With the automation, you reduce origination cost and time.

To Access Dynamic Data Management:

On the menu bar, click Encompass, and then click Settings.
On the left panel, click Dynamic Data Management, and then click one of the following options: Fee Rules, Field Rules, Data Tables, Global DDM Settings.