Encompass NewsFlash: Big Updates, Rollouts, and Integrations

What's New


Next Big Release – Encompass 17.2 Comes Next Month

Encompass 17.2 lands in April. This is a major release, with a wide range of improvements and enhancements to help you improve compliance, elevate efficiencies, and create even higher quality loans. Encompass 17.2 will include:

         Support for 2018 HMDA reporting changes
         New criteria based auto-lock setting
         New auto-lock persona setting
         Added ability to run worst case pricing extended loans
         Updates to withdrawn correspondent loans
         Updates to MBS pools

Read the Release Notes to learn more about what Encompass 17.2 can do for you.


Encompass TPO Connect Rolls Out - More Connect Solutions Coming

The Encompass TPO Connect™ rollout is underway, and three more Connect solutions are in the queue. Created to let third-party originators originate, process and monitor loans, TPO Connect is the new solution for optimizing your wholesale channel. It can help you:

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

And more Connect solutions are on the way, at no additional cost to Encompass users:

Encompass Developer Connect™ is the portal to the Encompass Lending Platform™, and will provide access to APIs, use cases, developer tools, and our Try-It-Now Sandbox so lenders can:

         Easily build, integrate and extend Encompass to
          meet your business needs
         Quickly deliver new capabilities to your customers,
          partners, and employees
         Reduce costs and the time needed to bring solutions
          to market
         Engage with developers from across the Ellie Mae
          customer base and partner ecosystem
         Integrate external systems and data

Encompass Consumer Connect™ will let you give consumers the power to:

         Easily walk through and complete
          mortgage applications
         Conduct research, access rates and request
          information 24/7
         Securely send and receive documents
         Run their own credit reports and online verification
          of assets

Encompass Loan Officer Connect
™ will help speed processes while you’re on the move, from any device:
         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

New On-Demand Webinar: Streamline Wells Fargo Deliveries

A recently recorded webinar features Wells Fargo and Ellie Mae representatives discussing Encompass’ new Wells Fargo Funding workflow integration. Watch it on-demand, and learn how the workflow’s seamless transfer of data and documents, ability to download and upload varied data from a single location, and superior security combine to improve efficiency and profitability.

Fannie Mae’s Day 1 Certainty Now Integrated
in Encompass

Fannie Mae’s Day 1 Certainty™ is now integrated in Encompass, offering users even greater ability to automate the loan process.
 
By using Day 1 Certainty’s income, employment, and asset data validation services in Encompass, users can shorten the origination process while getting freedom from reps and warrants. Users can also get appraisal waivers on eligible refinances.


Ellie Mae Experience 2017 in the Books, Let’s Get Ready for 2018

Sold out for the second straight year, Ellie Mae Experience 2017 hosted 3,000 industry leaders and professionals for three days of training, networking, and learning. So what’s next? Experience 2018. We’ll be back at the Wynn Las Vegas March 19-21, 2018. Click below to get advanced notice for early registration opportunities, hotel discounts, and speaker information.

Automate Appraisal Mailing Through Encompass

The new ECOA Valuation rule requires lenders to automatically send a free copy of home appraisals and other written valuations promptly after they are completed, regardless of whether credit is extended, denied, incomplete, or withdrawn.

Appraisal Mailer, available in Encompass, helps take the hassle out of the manually mailing appraisals:

         With just one click you can mail appraisal documents
          directly from Encompass
         Every appraisal is printed, packaged, stamped, and
          delivered from our secure mailing facility
         Mailings are tracked in real time and delivers the
          packing label back into the Encompass efolder
         Payment flexibility through a pay-per-use or
          month-end billing model

Simplify Collaboration and Post Closing with Simplifile Integrated
in Encompass

Collaborate securely with settlement agents on documents and disclosures and receive final post-closing information electronically with Simplifile’s easy-to-use platform. The upcoming Encompass integration ensures your disclosure data syncs without rekeying.

         Reduce errors and save time by eliminating phone and email back and forth
         Get live messaging on individual documents and fees
         Ensure real-time visibility into post-close process and status of trailing docs
         Maintain an audit trail with all communication and documentation in one place

Watch a quick video to see how it works.


Access Chronos Solutions Directly in Encompass

Through Chronos Solutions' seamless Encompass integration, users have access to Chronos services during the loan lifecycle.
 
Encompass users save on à la carte service pricing when they bundle two or more services, while streamlining the origination process with single system-of-record access, centralized order tracking and fulfillment for:
 
         Award-winning Taxdoor™ 4506-T solution
         Funding Suite™ credit reporting platform
         Flood zone determinations
         Verification services
          -    VODAChek™ digital account verification
          -    InstantTax™
          -    SSA-89
          -    VOE
         Fraud mitigation services
         Title insurance and closing/escrow
 
Contact Chronos today at 800-647-1190 or sales@chronossolutions.com to set up an account.

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