TPO Fees

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

2. On the left panel, click External Company Setup, and then click TPO Fees.

3. Click the New icon.

4. In the Add New TPO Fee window:

   • In the Name field, enter the TPO fee name. This will be displayed as the title on the Correspondent Purchase Advice tool when the fee is itemized.

   • In the Description field, enter a brief explanation of the fee.

   • Currently, TPO fees can only be applied to Correspondent loans. Therefore, “Correspondent” is automatically populated to the Channel dropdown list.

   • In the Fee Amount field:

   • Select Total or Base Loan Amount, depending on how the fee is calculated (as a percentage of the total or base loan).

     In Encompass 17.3 or later, the Total and Base Loan Amount radio buttons have been removed.

   • Type the fee percentage.

   • In the +$ field, type any additional amount, if applicable.

   • In the Code field, type the general account for the fee.

     This need not be a unique value since a fee code may be listed multiple times with different effective dates or channels.

   • In the Start Date field, select the date from which the fee will be applied to loans based on the loan lock date.

   •  If the current date is prior to the start date, the fee will not be applied to loan. Start date does not have to be entered. This means the fee will be effective immediately and be active up to the end date.

   • In the End Date field, select the last date for the fee period based on the loan lock date.

      If the current date is after this date, the fee will not be applied to loan. End date does not have to be entered. This means the fee will not automatically end after it is past the start date.

    In the TPO Fees list, a fee is displayed as Active if Start Date is in the future; Active if the current date is in between the start and end date or if the start and end dates are unspecified; Expired if the End date has occurred in the past.

   • In the Fee is Triggered field:

   • Select Always to always apply the fee.

   • Or, select Conditional to create a condition for when the fee is applied.

   • Click the Lookup icon (magnifying glass).

   • In the Advanced Condition Editor window, click the New icon.

   • In the Add/Edit Search Filter window:

   • Type a Field to add as a filter.

   • Or, click the Find icon (magnifying glass), select a field from the list, and click OK.

   • Or, click the Find icon (magnifying glass), type one or more characters in the Find field and then click Find. The first occurrence of the characters in any column is found. Continue clicking Find to view additional occurrences. Select a field from the list, and click OK.

   • Select an Operator, select an option, and then click OK.

   • The Operator and Option define how the filter will be used. For example: Field ID= 1172 (Loan Type), Operator = Is any of, Options = VA.

   • In the Advanced Condition Editor window, click OK.

5. In the Add New TPO Fee window, click OK.

Use the Late Fee Settings option to configure late fee settings for each TPO.

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

2. On the left panel, click External Company Setup, and then click TPO Fees.

3. Click the Late Fee Settings button.

4. In the Edit Late Fee Settings window:

   • In the Late Fee Grace Period (days) field, type the number of days past the deadline for which the late fee will be waived.

   • In the Grace Period Uses field, select:

   • Week Days if only week days are included

   • Calendar Days if weekdays and weekends are included

   • Company Calendar if the Company Calendar dates are used

   • In the Grace Period Starts field, select:

   • On - if the grace period is calculated starting from the day selected below

   • Day After - if the grace period is calculated from the day after the selected below

   • In the Later of section, select one or more of the following options:

   • Purchase Suspense Date - the date on which the purchase was suspended

   • Purchase Approval Date - the date when the purchase was approved

   • Delivery Expiration Date - the date on which the trade expires

   • Latest Cond’s Issued Date - date when the latest stipulations were issued

     This field label was updated in Encompass 17.3 from Latest Stips Issued Date to Latest Cond’s Issued Date.

   • Other Date - Click the Search icon and then in the Select Loan Field window, select the date and then click Select

   • In the Day Cleared field, select:

   • Purchase Approval Date - the date when the purchase was approved
   • Cleared for Purchase Date - the date when the buyer approved the loan for purchase
   • Other Date - Click the Search icon and then in the Select Loan Field window, select the date and then click Select
   • In the Late Fee Can Start on a weekend field, select:

   • Yes - if the late fee will be calculated starting from the weekend

   • No - if the late fee is calculated from Monday

   • In the Include Day Cleared as Late Day field, select:

   • Yes- if the late fee calculation adds one day for the day cleared

   • No – if the late fee calculation does not include the clearance day

   • In the Fee Handled As field, select:

   • Fee - if the fee will be copied to a fee line item

   • Price Adjustment - if the fee is deducted from the loan price as an adjustment

   • In the Late Fee Percent field, enter the fee percentage.

   • In the Late Fee Dollars +$ field, type any additional amount, if applicable.

   • In the Calculate As field, select:

   • Flat - if it is a one time fee

   • Daily Fee - if the fee is calculated daily

   • In the Maximum Late Days field, type the number of late days after which the TPO loan will be repriced.

5. Click OK.

Use the options in the TPO Fees panel to filter fees by loan channel type and/or the status of the fee (active, pending, or expired), search for the fee by name, and then edit or delete the fee.

You can use one or more filters at a time.