What's New

 
Encompass 17.3 Coming This Summer

With the deadline for new HMDA collection and reporting requirements and timelines approaching, we are continually working to get Encompass ready so our customers and partners can stay ahead of the game and comply with confidence. Encompass 17.3 is coming this summer with several enhancements, including:

     •  New updates to support 2018 HMDA changes, including support for repurchased loans
     •  Construction Management updates
            o    LTV updates
            o    New disclosed purchase price
     •  FHA 203(K) updates  
            o    New popup for Existing Debt calculations
     •  Ability for TPO users to manage correspondent trades
     •  New Correspondent Purchase Advice features

Read the release notes in the Partner Resource Center for a 17.3 sneak preview.
 
New Study: Encompass Generates Remarkable 697% ROI

MarketWise Advisors, LLC has released a new version of the ROI study of our Encompass® all-in-one mortgage management solution. The study revealed an average ROI of $967.67 per loan for mortgage firms and $1,084.58 per loan for banks and credit unions.  The increase was attributable to increased productivity, level of feature/function use, and the application of advanced workflow and audit rules that streamline processes. 

The study, conducted from the second through the fourth quarters of 2016, is a follow-up to the first MarketWise ROI study of Encompass conducted in 2014.

 
Millennial Homebuyers Favoring Midwest, New Data Shows

Millennial homebuyers continued to favor Midwestern states where prices remain comparatively more affordable, the latest Ellie Mae Millennial Tracker™ data found.

Mount Vernon, Ill. was the most popular metropolitan area for homes purchased by millennial buyers. Other popular Midwestern cities for Millennials included Hutchinson, Kan., New Philadelphia-Dover, Ohio, Defiance, Ohio, Dickinson, N.D., Owosso, Mich., and Ashland, Ohio.

For more insights into millennial home-buying trends, check out the Ellie Mae Millennial Tracker.

 
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     •  Sign up and get your agent credentials for free
     •  Go on missions and interact with Encompass users

     •  Get entered to win the $1000
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