Encompass 24.3 Release Notes

Release Highlights

Here are the highlights of this release:

User Experience:

• New Appraisal Management Tool Available (ENCW-99427) - A new Appraisal Management tool has been added to enable users to order and compare appraisals ordered from supporting appraisal partners. When an order is fulfilled, a PDF report is available within the loan file.

• New Show All Field IDs Option Added to Loans (ENCW-110863) -A new option has been added to enable users to show the field IDs on loan forms and tools. Once the Show All Field IDs option is activated, the field ID for a field is listed in parenthesis next to the field name.

Secondary Marketing

• New Lock Comparison Tool Added (SEC-26489) - A new Lock Comparison Tool has been added. This new tool displays pairs of fields that are monitored for changes made after the loan is locked.

Task Management

• Support Added for More Forms and Tools for Task Workspaces (ENCW-93542) - The following forms and tools are now supported in Task Workspaces, and can be included in Task Workspace Templates. This provides administrators with the option to include up to five additional Standard Forms and two additional Standard Tools to task workspaces to support workflow administration for end users.

  Forms:

  • Home Counseling Provider

  • Settlement Service Provider List

  • Borrower Information - Vesting

  • Affiliated Business Arrangements

  • Request for Transcript of Tax

  Tools:

  • Funding Worksheet

  • Disclosure Tracking

  • Appraisal Management

• Tasks Pipeline Enhancements (ENCW-110057) - Enhancements have been made to streamline and improve the usability of the Tasks Pipeline. A new Copy option has been added to enable users to quickly copy a loan number associated with a task. Users can also now update the status of a task from the Tasks Pipeline without requiring them to open the task first.

Workflow Automation

• New Request/Send Documents Resulting Action Added to Workflow Rules (ENCW-82552) - A new resulting action has been added to Workflow Rules to enable lenders to send documents and/or request documents from borrowers when the rule is triggered. Rules can be configured to request/send documents from/to the primary borrower pair or all borrowers on the loan.

• Nested Action Support Added to Order Service Resulting Action (ENCW-23345) - Nested action support has been added to the Order Service resulting action. This update enables lenders to create a task, send a notification, or start a scheduler based off the success or failure of an attempted service order placed by a workflow rule.

• Support Added to Configure Multiple Conditions in One Rule for the Condition Status Updated Triggering Event (ENCW-105041) - Lenders can now configure one workflow rule to trigger from multiple conditions using the Condition Status Updated triggering event. This enables lenders to build workflow automation rules that can be triggered by multiple loan conditions within the same condition type when the status of any conditions changes.

• Missing Configuration Indicator Added for Workflow Rules (ENCW-105554) - New Missing Configuration Indicators have been added to the Workflow Rules page to enable administrators to easily identify workflow rules that are likely to fail to run due to missing or inactive components. When a component for a resulting action is either missing or inactive, the indicator displays in front of the workflow rule entry on the workflow rules list. The following indicators are shown:

  • - Indicates that the inactive rule is missing a component for the resulting action.

  • - Indicates that the active rule is missing a component for a resulting action and the automation will fail if the rule is triggered.

POS Partner Integration

Encompass Now Supports Partner Document Delivery via the Request/Send, Disclosures, and Pre-Closing Workflows(DOCP-66530)

Encompass now supports Partner Document Delivery for users requesting documents from or sending disclosures and documents to consumers via a partner point of sale application. For lenders who have integrated and enabled point of sale vendors with their Encompass instance, they can select that partner within the Request/Send, Disclosures, and Pre-Closing workflows available within the new eFolder in the web version of Encompass and the documents will be delivered to recipients through the vendor instead of the default Encompass point of sale portal- Encompass Consumer Connect.

GSE Integrations

• Automated Uniform Closing Dataset (UCD) Workflow Support Added (EVPI-1672, EVPI-5607, EVPI-5604) - Lenders can now configure Automated Service Ordering and Workflow Rules to send UCD information automatically to Freddie Mac’s Loan Closing Advisor or Fannie Mae’s UCD Collection Solution.

• ULDD Phase 5 Updates (ENCW- 110299) - New fields have been added to the ULDD/PDD input form for Phase 5 updates. In addition, new enumerations that can be selected from the following dropdown fields have been added to the following fields. (These are not new fields.):

  • On the Fannie Mae tab, a new Other enumeration was added to the Mortgage Insurance Premium Source Type field (ULDD.X49).

  • On the Freddie Mac tab, a new Buydown enumeration was added to the Other Funds collected at Closing for field (ULDD.X111).

• Freddie Mac LPA 5.4 Spec Updates (GSE-32215) - Encompass has been updated to support the latest Freddie Mac LPA 5.4 Spec requirements:

  • Lender credits sent to LPA are now sent as closing adjustments instead of purchase credits.

  • The Preferred Language section of the SCIF Form is only required to be sent to the GSEs if the borrower provides a language preference or has selected "I do not wish to respond". Encompass has been updated for this requirement and default values are no longer sent if these areas in the form are left blank. This applies to Conventional, FHA, and VA loans.

  • New fields have been added to help FHFA identify how much of a gift/grant is being used towards the down payment and/or closing costs. Freddie Mac created a new attribute to capture this information- lpa:GiftGrantClosingCostAmount- and the two fields- Amount Applied to Down Payment (URLARGG0023) and Amount Applied to Closing Costs (URLARGG0024) were added to capture this information.

  • Freddie Mac now supports a new enumeration, NonOriginatingLender, for the FundsSourceTypeOtherDescription. Encompass now provides the Non-Originating Lender (FRE) option to select from the Source field (URLARGG0119) on the Verification of Gifts and Grants form to capture this information.

  • Freddie Mac now supports a new data point: lpaCondominiumProjectIdentifier. Encompass has been updated to send the value in the FRE Condominium Project Identifier field (CASASRN.X221) to this attribute when submitted to LPA (when the Project type (URLA.X205) is Condominium and not a Cooperative (URLA.X205).

  • A new ClosingAgent (FRE) enumeration has been added in the Source fields (4667, 4668, 4669, 4670) on the 1003 URLA Lender and 2015 Itemization input forms to help ensure the Closing Agent is exported to LPA (and sent to the PurchaseCreditSourceTypeOtherDescription attribute).

  • The enumerations for AboutVersionIdentifier and DataVersionIdentifier have been updated to S5.4.00 and 5.4.00 respectively to reflect the most recent version of LPA.

  • Freddie Mac published an Amendment to v5.4.00 on July 8, 2024. This amendment includes support for three new enumerations for the Loan Program Identifier. The following new fields have been added to the Freddie Mac Additional Data input form to support the new LPIs:

    • Assumption FRE Owned Loan (CASASRN.X222) - New option to select the new LPI enumeration to be used by loan servicers to assess creditworthiness for mortgage assumptions.

    • CHOICERenoExpressInProgress (CASASRN.X223) - New option to select this new CHOICE LPI while also being able to select additional CHOICE products (CASASRN.X212).

    • CHOICERenovationInProgress (CASASRN.X224) - New option to select this new CHOICE LPI while also being able to select additional CHOICE products (CASASRN.X212).