Encompass Banker Edition 3.5 - Released August 11, 2008

This significant upgrade is available free of charge to all clients who currently use Encompass Banker Edition and who are current on their annual maintenance agreement.

Encompass Banker Edition 3.5 includes several exciting new benefits for your business.

• Mortgage insurance tables: Auto-populate mortgage insurance tables for FHA, VA and conventional loans, saving time and increasing accuracy
• FHA county limit tables: Automatic loan amount warnings ensure that your FHA loans adhere to the county limits
• Improved FHA support: Originate and process FHA loans more easily with a variety of tools and enhancements
• Customizable dashboard snapshots: Get both a big picture of your staff's production and the ability to focus on summaries for each team member
• Multiple dashboard layouts: Get a complete and detailed analysis of your business choosing between 18 dashboard view layouts to arrange your business snapshots
• Advanced dashboard filtering: Tailor business snapshots to focus on specific loan files, users and groups
• Public and personal dashboard snapshots: Create your own custom snapshots or share them with other users
• Improved lock request approval: Improve data security for locked loan files with fields that only update when the lock request is approved
• Lock snapshot reporting: Improve your ability to manage locks by adding lock request, buy side and sell side lock data in reports
• Auto-populated Purchase Advice form: Spend less time completing the Purchase Advice form with auto-population of the principal, interest and escrow balance
• Channel-specific business rules: More easily work as a broker/banker by applying the right security and business flow to different channels
• Button access rules: Strengthen security by controlling when input form buttons are enabled
• Field trigger rules: Save time and improve accuracy with fields that auto-populate based on other completed fields
• User profile lock down: Keep company information consistent by preventing users from changing parts of their profile
• Output form updates: Stay in compliance with the latest form updates

View full description of Encompass Banker Edition 3.5

 

Encompass Banker Edition 3.0 Released
December 10, 2007

This significant upgrade is available free of charge to all clients who currently use Encompass Banker Edition and who are current on their annual maintenance agreement.

Encompass Banker Edition 3.0 includes several exciting new benefits for your business.

• Interim Servicing: Manage servicing before selling loans in the secondary market.
• Purchase Advice Templates and Reconciliation: Leverage templates for common Purchase Advice payouts and reconcile funds received from investors when selling loans in the secondary market.
• Audit Trails: Track field changes that are made throughout the loan process.
• Loan Trade Management: Manage the bulk sale of loans in the secondary market. Find target loans, create and manage trades and track loan pricing and trade profitability.
• Lock Request Enhancements: Track and manage floating, locked and long loans.
• Alert Enhancements: Configure when alerts appear in the loan pipeline and focus on the most relevant alerts by snoozing or dismissing alerts as appropriate.
• Contact Manager Custom Field Mapping: Automatically copy data from contact manager custom fields to loan files.
• Business Rule Enhancements: Control when input form buttons can be selected.
• User Group Enhancements: Leverage user groups to extend who can view and edit contacts.
• MERS/MIN Registration: Generate and register MERS/MIN numbers from within Encompass.
• Banker Product and Pricing Integration: Quickly find the best products and pricing for your loans using an optional integrated pricing engine.

View full description of Encompass Banker Edition 3.0

How to Renew Your Maintenance

In order to upgrade your software, your maintenance agreement must be current. If your contract has lapsed, please visit Service Central to renew it. If your contract has lapsed more than 30 days, please contact your Ellie Mae Sales representative at 888-955-9100 or call the Ellie Mae Maintenance hotline at 888-527-3829, option 1.

Encompass Banker Edition v3.5 Key Enhancements 

Feature	What is it?	Benefits for Encompass users
Mortgage Insurance Tables	Auto-population of MI tables for FHA, VA, and Conventional loans.	Reduce the amount of time needed to enter mortgage insurance premiums Improve the accuracy of the amount entered
FHA County Limit Tables	Auto-population of FHA County Limits with warnings on amounts that exceed limits.	Ensure that FHA loans adhere to the county limits
Improved FHA Support	A variety of usability and productivity enhancements, including new input and output forms, making it much easier to originate and process FHA loans	Reduce the amount of time needed to process FHA loans
Customizable Dashboard Snapshots	Capability to create custom bar charts, trend charts, loan tables, and user tables with your choice of fields from the reporting database	Get real-time access to graphic reports that are tailored to your business Get a big picture view of your team's loan production, while focusing on summaries of important loan file attributes for each team member
Multiple Dashboard Layouts	Choice of 18 different dashboard view layout templates that each have up to three snapshots horizontally and vertically	Analyze your business using multiple snapshots, that together form a fuller picture of your business
Advanced Dashboard Filtering	Ability to filter the loans that are represented within dashboard snapshots based on loan field values or organization and user group membership	Tailor snapshots to include the loan files and users that you want to focus on
Public and Personal Dashboard Snapshots	Custom snapshots that can be saved into personal folders or public folders that others can access	Create your own custom snapshots or share them with other users
Improved Lock Request Approval Process	Fields only update when the lock request is approved	Improve the security of data in locked loan files
Lock Snapshot Reporting	Ability to include fields from the last three lock requests, buy side locks, and sell side locks in reports	Improve your ability to manage locks
Purchase Advice Form Auto-Population	Auto-population of the principal, interest and escrow balance on the Purchase Advice form based on the latest interim servicing balances.	Reduce the amount of time needed to complete the Purchase Advice form
Field Trigger Rules	Auto-population of fields based on other fields being completed	Improve the accuracy of loan file data entry - Reduce the amount of time needed to complete loan files
User Profile Lock Down	Ability to prevent users from changing parts of their user profile	Ensure user information is consistent with company standards for reporting purposes
Updated Output Forms	Several new or updated forms including a new Section 32 TIL and updated 4506 and 4506-T forms	Stay in compliance with the latest updates to output forms

Encompass Banker Edition 3.0 Full Description

Encompass Banker Edition 3.0 Features	Feature Description	Feature Benefits
Interim Servicing	Tools, forms and workflow support to manage statements, payments and escrow disbursements Alerts that notify you of statements that need to be sent, past due accounts and upcoming disbursements	Efficiently manage loan servicing before selling loans in the secondary market Stay on track with servicing tasks
Purchase Advice Reconciliation	Ability to enter funds you expected, funds you received and adjustments needed to reconcile Purchase Advice templates for common payouts	Reconcile funds received from investors when selling loans in the secondary market Reduce the time needed for completing purchase advice form and purchase reconciliation
Audit Trails	Key audit fields that track changes made throughout the loan process	Get a comprehensive view of changes, including who made each change and when it was made Ensure that only the appropriate people view each audit trail
Loan Trade Management	Tools to find target loans, create and manage trades and track loan pricing and trade profitability Pricing adjustment and SRP templates that automate the price calculation process Alerts that notify you of loan delivery deadlines	Manage the bulk sale of loans in the secondary market while monitoring trade profitability Ensure that loans are delivered on time, avoiding late delivery penalty and pair-off fees
Lock Request Enhancements	Tracking and management capabilities for floating, locked and long loans	Quickly find long loans that have been locked on the buy side but not registered with investors Track registration to have visibility of loans that have been registered but not locked with investors
Alert Enhancements	Ability to configure when alerts appear in the pipeline Alert management, including the ability to snooze and dismiss alerts specific to each loan	Tailor alerts based on your company's specific business needs Focus on the alerts that are most relevant for each loan
Contact Manager Custom Field Mapping	Ability to map custom contact manager fields to loan fields Automatic data transfer of loan details from contact manager to loan file	Eliminate redundant data entry Reduce the amount of time needed to originate loan files
Business Rule Enhancements	Expanded business rules to control the selection of input form buttons based on required fields Controlled access to limited set of loan file fields Expanded condition settings for loan programs	Ensure comprehensive data entry prior to enabling input form buttons to be selected for key activities such as requesting rate locks Restrict user loan access to a limited set of fields Leverage loan programs to drive business rules
User Group Enhancements	Expanded user groups to control the contacts that members can view Edit access rights that determine whether contacts are read-only or can be modified by members	Effectively manage contacts and ensure the appropriate action is being taken
MERS/MIN Registrationcoming soon	MERS/MIN generation and registration Capture of key information during registration process	Save time and effort by generating and registering MERS/MIN numbers within the software Choose whether MERS/MIN numbers are generated on every loan or only when needed Have key information handy for future reference
Product and Pricing Integrationcoming soon	Integrated product and pricing engine Comprehensive detail capture, including all pricing adjustments	Quickly find the best products and pricing for your loans Automate rate and price adjustments

Release History

• Encompass Banker Edition SR2

Encompass Banker Edition SR2 Features	Feature Description	Benefits for Encompass users
Seamless Connectivity and Collaboration with the Encompass WebCenter*	Supports two-way data and document delivery for Encompass WebCenter users with Encompass. (The Encompass WebCenter is a new web solution for brokers that fully integrates with Encompass so new leads and applications flow directly from the site into the software. The WebCenter is purchased separately.) From Encompass, you can post real-time status updates, information, and documents for borrowers and partners	Improves the broker's ability to respond to and close new opportunities for those using Encompass WebCenter and Encompass Improves collaboration and communication between loan officers, processors and borrowers Eliminates integration costs between LOS systems and website solutions Increases customer and partner loyalty and relationships
Preferred Title Service	For the processor or loan officer who wants an easy, fast and secure method to send title orders to their selected title agent, Preferred Title provides a no-cost service to electronically send orders to any title company in the nation Unlike email or fax, the Preferred Title Service enables processors/loan officers to send order data directly from Encompass through a secure email to their title agent.	Allows you to request and receive orders from any title or closing agent of your choice. Completed title reports are delivered back into the loan file inside Encompass. Saves time. You never have to leave Encompass to order or receive your final reports and there is no re-typing of order data and no need to fax. Gives you access to large network of title and closing companies Lets you send and receive orders free of charge
Initial/State eDisclosure Support	Encompass allows users of Electronic Document Management to electronically present forms and documents to borrowers to satisfy federal, state, and RESPA regulations Track borrower acceptance of disclosures online Gain access to non-investor specific disclosures With the Premium Disclosure Service available through Ellie Mae Closing Solutions, you can: Gain access to investor-specific disclosures Guarantee delivery of electronic documents by using this feature with the fulfillment service	Seamlessly and securely delivers initial disclosures to borrowers online to speed up the origination process Eliminates costs and time of physical delivery
Piggyback Loan Support	Encompass now allows users to link two loan files for the purposes of doing a Piggyback loan (first and second loan) A screen within Encompass allows you to link, switch, or synchronize data between the files without having to leave your loan file Data is synchronized based on the fields selected in the settings, including all verifications	Encompass users can easily start and manage first and second loans in Encompass
Support for Option ARM Loans	Encompass now supports the new Option ARM loan programs offered by lenders that have interest-only periods for a specific duration but fixed and varying during the initial period of interest only.	Allows Encompass users to originate Option ARM mortgages
Campaign Management Enhancements	Encompass features new campaign management capabilities that provide: The ability for marketing managers to design and deploy marketing campaigns for other Encompass users The ability for marketing managers to assign tasks to individuals related to a campaign event	Allows marketing managers to create effective and best practice marketing campaigns for building new business and stronger customer relationships Allows loan officers to use campaigns designed by marketing managers to drive new business
Calendar Sharing	Encompass allows managers and assistants to view and/or edit each other's calendar inside the software	Promotes group collaboration Helps companies keep track of important events
Status Online Enhancements	Encompass now allows you to trigger emails to be sent when status updates occur on a loan in addition to the web posting currently available in Status Online. This capability is available for WebCenter users	Allows borrowers to receive status updates outside of the website. Improves the broker's ability to provide better customer service
Compliance Ease Enhancements	Encompass now automates the process of ordering compliance reports. The settings allow you to implement a company-wide policy and protect company interests. Once sufficient data (mandatory fields) have been entered a "free report" will be automatically ordered. If the result of the "free report" = "fail", a full report will be automatically ordered Different alerts will be triggered based on various results, notifying the appropriate parties	Allows users to receive free compliance checks without having to submit to a lender Provides complete automation to ensure compliance in regards to high cost and predatory loans
Additional credit information	Encompass now includes fields to store additional credit report data including liabilities, bankruptcy, and foreclosure information	Allows users to store detailed credit data with the loan file.
Underwriting and Post-Closing Condition Tools	Encompass now enables you to print summary and detail level underwriting and post-closing conditions that are tracked in the software	Allows underwriters and closers to print this information for record keeping purposes
Advanced Coding for Business Rule Conditions	Encompass now enables you to use custom logic to determine when business rules become active	Provides extreme flexibility for determining when your business rules become active Business rules map more tightly with the way your business works

*The Encompass WebCenter is a separate purchase
**The Premium Disclosure Service is sold separately through Ellie Mae Closing Solutions.