Encompass Lending Platform 18.3 is here and ready for KBYO2
Encompass® 18.3 is now live! Designed for maximum efficiency and compliance, 18.3 is hardwired to give you a head start on the October 1, 2018, implementation of the Know Before You Owe 2 (KBYO2) rule changes.
Some of 18.3’s KBYO2 – ready features include:
- Improved workflow for disclosing to Non-Borrowing Owners
- Support for tolerance cures using Principal Reduction
Plus these new fee level Change of Circumstance management tools:
- The ability to document changes on an individual fee basis
- Enhanced logic for calculating baselines