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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.…
Encompass Input Form Builder provides developers with a comprehensive suite of customizable event handlers, delivering tighter control over form behavior. This blog will explain the functionality of various custom event handlers, showcasing how they facilitate tailored user experiences and refined data management processes. What Are Custom Event Handlers? Custom event handlers allow you to execute…
Encompass offers a valuable feature that can significantly enhance input forms: custom event handlers. In this blog, we’ll delve into the details of custom event handlers, their importance, and how they can take our Encompass input forms to the next level. What Are Custom Event Handlers? Custom event handlers allow you to execute custom code…
To fully unlock potential of Encompass 360, it’s essential to integrate Encompass 360 with other systems using Application Programming Interfaces (APIs). In this blog post, we will explore how to use APIs to integrate Encompass 360 seamlessly with other key systems. What Are APIs and Why Integrate Encompass 360? APIs, or Application Programming Interfaces, are…
In the mortgage banking industry, efficiency and accuracy are key to success. Robotic Process Automation (RPA) tools are transforming the way mortgage banks and lenders operate. Here’s how employing RPA is mortgage banking sector automates critical tasks: Automated Document Processing RPA tools accelerate the processing of mortgage documents, extracting, categorizing, and validating paperwork with precision…
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…
Piggyback loans, also known as concurrent or 80/10/10 loans, are loans completed simultaneously with the primary loan on a property. Encompass offers a Duplicate Loan feature within the Pipeline to streamline the process of setting up piggyback loans. Here’s a detailed guide on how to create and process piggyback loans using Encompass: The following features…
Custom input forms are a crucial part of Encompass, allowing users to capture and manage essential loan information efficiently. While Encompass Input Forms offer extensive customization options out of the box, sometimes we need to go beyond the defaults to tailor the forms precisely to the business needs. This is where custom coding functionality within…
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)…