Encompass NewsFlash: 17.1 Release, Cool User Tip, New Solution Rollouts

What's New

Full Encompass 17.1 Release Coming Soon

Already available in test environments, the Encompass 17.1 release features many key updates to improve efficiencies and compliance, including:

         New Construction Management tool
          o    Blended and separate KBYO disclosures
          o    Federal and state compliance reviews
          o    Closing docs for all 50 states
         New User Groups Settings Report
         New settings for loan data synchronization options for loan trades and MBS pools

Read the release notes and see everything coming with Encompass 17.1.

Rollout Underway for New Encompass TPO,
Loan Officer Connect Solutions

Rollout is underway for Encompass TPO Connect, the brand-new solution for optimizing your wholesale channel, lets third-party originators originate, process and monitor loans. It can help you:

         Increase volume, efficiency and profitability
         Improve TPO control, collaboration and visibility
         Close and purchase loans faster

Encompass Loan Officer Connect is also being rolled out to Encompass customers. This new solution helps speed processes when you’re on the move. More than just a mobile solution, Encompass Loan Officer Connect is easily customizable and delivers a first-class user experience that’s accurate, secure, and puts everything in one place. It frees you to:

         Originate and connect with your pipeline from 
          anywhere, anytime
         Easily access and edit files and view contacts
         Instantly qualify borrowers whenever, wherever you
          meet them

Don’t Miss It – Experience 2017 Almost Sold Out

Ellie Mae Experience 2017 is filling fast, and so are our discounted hotel rooms. Held March 6-8, 2017 at the Wynn Las Vegas, Experience brings together an entire community of Ellie Mae product experts, Encompass users, and mortgage industry leaders to connect, share best practices, and get hands-on training. The conference – a must-attend for Encompass users – is almost sold out, and our discounted hotel rooms are close to capacity. Don’t delay.

Encompass User Tip of the Month: Managing Access to Employee Loans

Want to make audits a little easier? Here’s a user tip from Candice Jones, Mortgage Systems Administrator at Hapo Community Credit Union: “A great way to manage access to ‘Employee Loans’ is to create a specific folder for these loans, then create an Employee Loan Access User group with permission to use the folder. During audits, if I’m asked to share who has access to Employee loans, having everyone in one group makes it really easy to pull up and share the list.”

Contact your account manager to learn more.

Two Encompass Product & Pricing Service Updates Now Available

Recently, two important enhancements were added to Encompass Product & Pricing Service. There’s a new dashboard that allows you to upload rates for processing and view the status of pricing files, even if you don’t use the upload capability. And a new Rule Manager update expands the existing customer-managed holdback functionality, and lets you customize investor loan programs with overlays.

Contact your account manager to learn more.

Direct Wells Fargo Data Delivery Now Available
in Encompass

Direct Wells Fargo data delivery capabilities are now available in Encompass. Now lenders can simply and easily send their loan data and its associated ULDD data with a closed loan file directly to Wells Fargo. Automated delivery eliminates manual entry for improved efficiency and reduced chance for error. There’s no set-up and no cost to the lender.

Contact your Ellie Mae account manager to learn more.

UCD Webinar: Be Ready for the Next Big Mortgage Change

In our recent webinar, representatives from Fannie Mae and Freddie Mac shared vital insight regarding the upcoming Uniform Closing Dataset (UCD)/closing disclosure changes. The webinar focused on helping lenders:

         Understand new data and timing requirements
         Explore possible implications to their business process
         Prepare their company for the change

Featured Speakers:

         John Haring: Director, Compliance Enablement, Ellie Mae
         Kelly Vespucci, Project Manager, Fannie Mae
         Kathy Scanlon, Single Family Strategic Delivery, Freddie Mac
A copy of the presentation is now available for download.

Ernst Smart Query Calculators now available
in Encompass

Ernst’s guaranteed Smart Query Calculators are now seamlessly integrated in Encompass, enabling users to access recording fees, transfer taxes, inspections, property taxes with direct underwriter and settlement agent connections for lender’s premiums, owner’s premiums, endorsements and settlement fees. With this integration, users can also instantly manage buyer/seller splits and create their own custom title solutions throughout the lending process. 

Ernst, an Ellie Mae partner, prides itself on providing the most accurate fees available in the industry and has processed more than one billion fee calculations, including 250 million last year alone.

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