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  • Encompass Compliance
         Service Overview
  • - FAQ
  • Mavent Compliance
         Solutions
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Instant Compliance Checks Right in Your Software

How do you handle regulatory compliance today? If it’s not with an automated service, you could be putting your company at risk.

Think about it: how can one person—or even one company—keep up with all of the complex federal and state residential mortgage lending laws and regulations? Especially when they keep changing.

With the Encompass Compliance Service™, you don’t have to worry about checking off a laundry list or keeping up with every little change. The service does it for you.

How it works is easy. You can set the service to run automatically for all of your loans in Encompass360, or you can choose when to activate it. You pick the milestones when you want the review to take place—such as when you send the loan to processing or at loan approval—and you’re done. At each point you specified, the service will automatically review your loan for potential violations. You’ll get a pass/fail notice and if your loan fails, problem areas will be highlighted so you know what to fix.

What Makes Encompass Compliance Service Stand Out?

• Powered by Mavent technology—the technology used by some of the nation’s top investors
• Integrated in Encompass360
• Multiple, automated checks throughout the origination process and unlimited report orders, for one flat monthly fee
• Built into your workflow—no need to train additional staff or change your existing business process
• Checks loans against complex federal and state laws and regulations
• Consistent reviews across all loan files—lessens the risk of variations possible with manual reviews
• Maintained by a staff of Ellie Mae compliance attorneys and reviewed by outside counsel
• Clear pass/fail notice and highlight of any problem data to fix
• Easy to set up and use

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Encompass Compliance Service reviews are comprehensive and include:

• Federal Truth in Lending Act Tolerance Tests
• Federal (HOEPA), State, and Local High Cost Thresholds Review
• Fannie Mae Points & Fees and “HUD-HOEPA” Mortgage Thresholds Review
• Higher Priced Mortgage Review
• CitiMortgage® Initiatives
• FHA Enterprise Review
• VA Enterprise Review
• OFAC Review
• State Consumer Credit Law Review
• Home Mortgage Disclosure Act (HMDA) Review
• HMDA Rate Spread Review
• Secure and Fair Enforcement (S.A.F.E.) for Mortgage Licensing Act/NMLS Registration Review

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Get Started Today

Get started with the Encompass Compliance Service today! You can review package and pricing options and sign up for the service right in your Encompass360 software. Go to the Settings Tab » License Management » Compliance Review and a set-up wizard will walk you through every step of the process. Or, if you’d like to learn more call us at 888.955.9100.