Encompass TPO Connect Website Updates - 22.3 Critical Patch 2
This section discusses the updates and enhancements to existing forms, features, or services that are provided in this release.
Fixed Issue
This section describes the issues that have been fixed in this release.
Why we made these updates: The following issue was fixed to improve usability and to help ensure Encompass TPO Connect is operating as expected.
To ensure that users receive accurate pricing results, based on the FHFA DTI pricing update, the following fixes have been applied to how data is sent to EPPS:
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Taxes and Insurance now sent as an annual amount - Previously this was sent as a monthly amount.
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Co-Borrower income now only accounted for once - Previously co-borrower Income was counted twice.
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Real Estate Owned value addressed - In certain cases, monthly payment and rental income was not sent correctly to EPPS.
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Total Debts value addressed - In certain cases, some debts were not included in the total debt amount sent to EPPS.
In addition to the above changes, the following field changes were made to the Scenarios screen EPPS:
Changed:
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Total Monthly Income is now a required field
Added:
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Total Monthly Debt (required field)
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Total Liquid Assets
Removed:
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Front and Back End DTI
Note: These fields are not saved to the loan as they are lump sums. Users will need to itemize the values once the loan is registered.
For more information regarding additional EPPS updates, see the EPPS 22.3 Critical Patch 5 Release Notes.
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