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Automated Service Ordering is a powerful feature in Encompass which can enhance efficiency and simplify the lending process for mortgage lender or broker. For users with both Encompass and Encompass LO Connect enabled, if the settings are configured in Encompass LO Connect, automated Fannie Mae DU and Freddie Mac LPA orders can be placed from…
The TQL Services tool within Encompass provides a single location to review 4506-C tax transcripts, fraud reports, Automated Valuation Model (AVM) reports, compliance reviews, and flood service reports ordered from within Encompass. Loan team members can view the status and other details about these documents, helping to ensure that loans meet total quality loan (TQL)…
This blog is the second part in the series of blogs about overview of AIQ in Encompass. Please follow the URL below to read the first part: Overview of AIQ within Encompass Access to the AIQ Income Analyzer from within Encompass Encompass users can now use the AIQ Income Analyzer to analyze and calculate the…
AIQ within Encompass is an omnichannel solution that leverages artificial intelligence (AI) to enable lenders, investors and servicers to automate manual workflows, increase productivity, reduce risk and boost return on investment (ROI). AIQ Desktop is one of a suite of applications that allow users to access and work with loan folders from any location. AIQ…
Loan origination is a complex process that requires the coordination of many moving parts. From communicating with borrowers and third-party vendors to processing documents and underwriting applications, loan officers need tools that can help them manage the entire process efficiently. LO Connect’s technical capabilities will help to streamlines this loan origination process for loan officers…
The mortgage industry deals with a vast amount of personal and financial data, including credit scores, income and employment details, bank account information, and property appraisals. As mortgage banks increasingly rely on technology to streamline their borrowers and better serve their customers, it is important to ensure that data security and privacy in mortgage technology…
The mortgage industry is known for its complex workflows that involve multiple stakeholders, tedious paperwork, and time-consuming processes. However, with the advent of technology, there are now powerful tools such as Jungo and Encompass 360 available that can help streamline mortgage workflows and improve overall efficiency. The integration of Jungo with Encompass 360 will provide…
Compliance is a critical aspect of the mortgage industry, and mortgage banks must adhere to a variety of regulations and laws to operate successfully. With its inherent features and tools, Encompass 360 can help mortgage banks in managing compliance. Regulatory requirements for mortgage banks: Mortgage banks are subject to various regulations and laws that govern…
Digital transformation has become a critical priority for businesses across industries, and mortgage banks are no exception. With increased competition, changing customer expectations, and evolving regulatory requirements, mortgage banks must embrace digital transformation in order to remain relevant and competitive. Mortgage banks must have the right digital transformation strategies in place to achieve the transformation…
Alias plan codes in Encompass 360 are codes that are used to group together sets of loan programs or products with similar characteristics. Alias plan codes are a useful tool for lenders using Encompass 360 to manage their loan programs and products efficiently and effectively Advantages of Alias plan codes: Alias plan codes allow lenders…