Encompass TPO Connect Website Updates - 23.1 Major Release

Several updates have been made to the Loan Estimate Fee Management form to clearly identify which line items are transfer tax items. The following updates have been made:

• The labels for the City/County/Stamps and State Tax/Stamps fields have both been changed to Transfer Tax.

• New drop-down list fields have been added to Section E. The new drop down list has three options: Taxes, Stamps, and Select One.

  

To increase the number of product selections and attributes that can be sent to Freddie Mac, the Renewable Energy Component Type drop-down list on the URLA/Lender Loan Information form has been renamed to Renewable Energy Component Type 1 and the following three new fields have been added in the same location:

• Renewable Energy Component Type 2

• Renewable Energy Component Type 3

• Renewable Energy Component Type 4

The following updates have been made to the Closing Costs from Linked Loan field (Encompass field 1851) on the URLA / Lender Loan Information page. This field is only visible when the Itemize Credit option is selected:

• When loans have been linked via the Piggyback Loans Tool in Encompass, a Lock icon now displays next to the field and the field is not editable (grayed out). Click the Lock icon to edit the field.

• When loans have not been linked via the Piggyback Loans Tool, a Lock icon does not display, and the field is editable.

• The label for the field has been changed to M11. Closing Costs from Other Loans.

• When a user enters data in the field and then the loan is linked via the Piggyback Loans tool in Encompass, the field retains the data that the user manually entered.

This update enables users to submit 2nd lien closing costs to DU or LP when there is a 2nd lien loan that is not linked via the Piggyback Loan tool. Previously, the Closing Costs from Linked Loan field was not editable and the amount was populated only when loans were linked via the Piggyback Loan tool. This caused inaccurate findings to be returned from DU and LP, with the cash back not reflecting the closing costs from the other loan.

Note: This update applies to loans created after the Encompass 23.1 update.

To improve usability on URLA forms, an additional set of Save and Next buttons have been added to the bottom each URLA page. This change enables users to save the loan in multiple places, preventing the need to scroll back to the top of the page to save or advance to the next form.

A new login process has been implemented in order to support additional login updates in the future for internal users. With this update, internal Encompass users select the new Internal User check box after entering their user name.

Support for multi-factor authentication has been added to TPO Connect. If a TPO Connect administrator enables this option Third Party Originators will be required to enter an authentication code that is obtained via text or phone call to add an additional layer of security to the traditional username and password authentication method.

Note: For configuration information, see the Multi-Factor Authentication (MFA) Options Now Available in TPO Connect release note entry.

An issue was discovered where Encompass Product and Pricing (EPPS) results for scenarios run with self-employed borrowers did not indicate that the borrower was self-employed. This has been fixed, and now the self-employed indicator is properly retained on the EPPS scenario.

An issue was discovered where the Other Real Estate Owned value was not used for EPPS searches when present on the loan. This issue has been fixed, and now the Other Real Estate Owned value is used for EPPS searches.

An issue was discovered where some fields required for Fannie Mae Desktop Underwriting (DU) orders for FHA loans were not available in TPO Connect. When an FHA loan was submitted to DU with the source of down payment was set as an FHA Gift, additional fields for FHA Gifts were not available. This has been fixed, and now additional fields are available in an FHA Gifts section on the Order DU page which enables users to provide additional required details for a successful DU Submission.

Note: This issue didn't affect Dual AUS orders.

An issue was discovered where a negative value entered in the Monthly Income (or Loss) field would not save to the loan. This issue has been fixed, and now users can enter a negative value for the Monthly Income (or Loss) field.

An issue was discovered where blank trade records displayed when viewing expired or archived trades. When a user viewed an expired or archived trade and either changed the number of loans to display per page , or changed pages to view additional loans on assigned to the trade, the list would sometimes appear blank. This issue has been fixed, and now the additional loans on an expired or archived trade display as expected.