ICE Mortgage Analyzers in Encompass

ICE Mortgage Analyzers offer a comprehensive solution for lenders, investors, and servicers looking to streamline their mortgage processes within Encompass 360. By leveraging automation and advanced data analytics, lenders can gain a competitive edge, reduce risk, and achieve greater profitability. The ICE Mortgage Analyzers Portal offers a centralized hub to access powerful automation tools and…

Processing Construction Loans in Encompass – Part III

This blog is the third in the series of blogs about Processing Construction loans in Encompass. Follow the URL below the read the first and second part of this series of blogs: Processing Construction Loans in Encompass – Part I Processing Construction Loans in Encompass – Part II Challenges of Construction Loan Processing: Increased Complexity: Construction…

Processing Construction Loans in Encompass – Part II

This blog is the second in the series of blogs about Processing Construction loans in Encompass. Follow the URL below the read the first part of this series of blogs: Processing Construction Loans in Encompass – Part I Benefits of Separate Disclosures: Detailed breakdown: Separate disclosures provide a more granular view of loan terms for each…

Processing Construction Loans in Encompass – Part I

Construction loans involve financing the initial building phase of a residential property. They cater to borrowers who plan to construct a home and require temporary funding until the project is complete. This blog series will be a comprehensive guide on how to process Construction loans efficiently in Encompass. Encompass and Construction Loans Encompass supports three…

Processing Construction Loans in Encompass – Overview

Construction-only loans are typically temporary, interest-only loans for the construction of a dwelling on residential property with final payment due when construction is complete. The borrower must then pay the loan amount in full or convert the construction-only loan into a permanent mortgage loan with the same lender or with a different lender. Encompass supports…

Data Security and Privacy in Mortgage Lending

In today’s digital age, safeguarding borrower data stands as a cornerstone for mortgage lenders. From Social Security numbers to bank statements, the information entrusted to lenders is of utmost sensitivity. Failing to secure it not only invites severe financial repercussions but also undermines borrower trust, imperiling reputation and business continuity. In this blog, will delves…

API Integration: How Open Banking Transforms Mortgage Lending

The traditional mortgage lending process can often be slow and cumbersome for both lenders and borrowers. Open banking, powered by secure API (Application Programming Interface) integration, is revolutionizing the landscape by introducing greater efficiency, transparency, and convenience. In this blog post, we’ll delve into the transformative power of API integration in the context of Open…

Configuring Organization Hierarchy in Encompass 360

The organization hierarchy setup in Encompass allows an Encompass admin to define relationships between Encompass 360 users within the company, ensuring seamless access control to loan files. In this comprehensive guide, we’ll delve into the intricacies of setting up the hierarchy, understanding access rules, and exploring considerations for a tailored configuration. Organization Hierarchy in Encompass…

Review Types in Encompass Compliance Service (ECS)

The Encompass Compliance Service (ECS) enables lenders to perform a loan check (i.e., order a compliance report) at any point during the loan process. During a loan check, loans are reviewed for compliance issues based on Truth in Lending (TIL), HOEPA, State and Local High Cost, State Consumer Credit, and other industry regulations and mandates.…

Strategies to navigate the mortgage industry in 2024

In the ever-evolving landscape of the mortgage industry, staying ahead of the curve is essential for success. In this blog, we will delve into insights and strategies to navigate the mortgage industry in 2024 including importance for mortgage professionals to stay connected with clients, bring in automation, and expand knowledge about non-QM programs. 1. Staying…