Summary

Use the Summary tab to review the selected rate, program, and qualifying information.

Note: When Encompass users submit a rate lock to EPPS, your administrator must configure settings in EPPS and Encompass to authorize the user to return and view the summary documents. For detailed instructions, view the Configure Access to EPPS Summary Document Quick Reference Guide.

To Complete the Summary Tab:

1. To view or edit information, click the link for an item to open the tab where the information can be viewed or edited.
2. Click the Print icon to print the information on the Summary tab.
3. Click the Alarm Clock icon to open the Rate Alert window and set a rate alert.
4. Click the Price Table icon to open a pop-up window that displays price tables with Adjusted Prices and Raw Prices for various rates available for the program rate you selected. Click an entry on the table to change your pricing selection.
5. The Bona Fide Discount Point Assessment section includes information about the APOR, the starting adjusted rate and price, the rate reduction discount point exclusion test, and the discount point exclusion test.

Note: The Bona Fide Discount Point Assessment information is only displayed on the Summary tab for Encompass buy side transactions.

6. When finished, click Submit or Float.

• If you want to return to the loan file, but intend to search for a product and price scenario for the loan at a later time, click Float. After you click Float, you can continue to run product and pricing scenarios on the loan file.
• Typically, users click Submit when they have decided to move forward with a specific option and intend to place a lock request in Encompass.
• If you have not been given the right to reprice a lock request, you will be unable to run additional scenarios against the loan after you click Submit, and the links on the Summary tab become inactive.
• If you have been given the right to reprice a lock request, you will be able to run additional scenarios against the loan after you click Submit, and the links on the Summary tab remain active.