Overview of Encompass Product and Pricing Service (EPPS)

Encompass Product and Pricing Service is a robust pricing engine integrated into the Encompass Digital Mortgage Solution. EPPS offers the ability to innovate and automate a critical part of the origination process as part of a single system of record and true digital mortgage workflow. Using this service, lenders can get rate sheets faster, keep data accurate, and easily stay on top of changes that affect loan scenarios.

I. Simplified Product and Pricing Management:

• EPPS provides a centralized platform for mortgage banks to manage their product and pricing data effortlessly.
• Lenders can easily find the best program by sorting by target price, rate, investor, and more
• Real-time updates ensure that mortgage banks have access to the most accurate and up-to-date pricing information, enabling them to offer competitive rates to borrowers.

II. Increased Efficiency and Compliance:

• With EPPS, mortgage banks can automate the complex process of selecting loan products and determining pricing options.
• Lenders can set rate and price targets for automatic system monitoring of loan scenarios as pricing changes throughout the day, week, and month, then receive instant email alerts when the targets have been met
• The service integrates seamlessly with other Encompass modules, such as loan origination and underwriting, enabling a smooth workflow and ensuring compliance with regulatory requirements.

III. Accuracy and transparency:

• EPPS ensures full communication on lock requests from the loan officer to secondary marketing
• EPPS enable relocks, validations, and worst-case pricing scenarios with our Historical Pricing feature, located in the event key pricing fields.
• End users can jump directly from the loan file to product and pricing guidelines and eligibility results to easily find the best program sorted by target price, rate, investor, and more.

IV. Improved Borrower Experience:

• By utilizing EPPS, mortgage banks can provide borrowers with quick and accurate loan quotes.
• Real-time pricing updates enable lenders to offer competitive rates, enhancing customer satisfaction and improving the chances of closing deals.
• Encompass users can reference the AllRegs industry leading library of guidelines directly from Encompass Product and Pricing Service, to ensure you’ve chosen the right product for the borrower and business.