Encompass 23.2 Release Notes - Broker Edition

Encompass 23.2 Major Release
(Version 23.2.0.0/23.2.0.1 Server Patch 1)

These are the release notes for the Encompass 23.2 Major Release. They include a high-level overview of new features, feature and form enhancements, and fixed issue, followed by more detailed information and instructions where appropriate.

These release notes also provide information about updates to the 23.2 release (23.2.0.1 Server Patch 1) that were made available on June 10, 2023 to address issues discovered during testing.

Refer to the online help and the Guides & Documents page for additional information and related documents.

This Encompass 23.2 Major Release will be applied to your users' computers automatically and cannot be controlled manually via the Encompass Version Manager tool. Users will receive the update upon their initial log in of Encompass following the release.

Additional Resources:

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What's in This Release

Highlights of this release include the following:

  • Improved Delivery of Year-End Compliance Updates - Enhancements have been made in Encompass to deliver year-end compliance updates seamlessly without the need for a critical patch update.

  • Increase to Index Rate Decimals to Support the SOFR Index - The LIBOR index rounds values to three (3) decimals, which current Encompass Index % fields (field ID 688) use for calculations. In Encompass 23.2, the SOFR index, which rounds values to five (5) decimals, is now supported as well.

  • Updates to DU and LPA Calculations of LTV, CLTV, and HCLTV for Special Loan Types- Updates have been made to enable users running Fannie Mae DU or Freddie Mac LPA to use different calculations for LTV, CLTV, and HCLTV that match the calculations used by DU or LPA for affordable loans and other special types of loans.

  • New Authorized VOI and Authorized VOA Fields Added to Borrower Summary - Origination Input Form - New Authorized VOI (Verification of Income) and Authorized VOA (Verification of Assets) fields are now provided in the Verification Information section of the Borrower Summary - Origination input form. These eight fields for Authorized VOI and Authorized VOA information were added to capture the indicator and date that the borrower authorizes the VOI and VOA. This information is provided from the Verification of Income / Verification of Assets data entered in the loan file in Encompass Consumer Connect.

  • New Option to Omit or Include Leap Year When Calculating HELOC Loan Daily Periodic Rate - A new checkbox has been added to the HELOC Management input form to provide users with an option use a leap year calculation (366 days) or to not use a leap year calculation (365 days) when Encompass calculates the Daily Periodic Rate for HELOC loans.

  • New Rescission Detail Fields Added to RegZ-CD Input Form - Five new fields have been added to a new Rescission Detail section at the bottom of the RegZ-CD input form. These new fields enable users to record details about the act of rescission, including whether the consumer waives rescission or exercised their right to rescind.

  • New ‘Residential Mortgage Lenders’ License Type for North Dakota Added to Encompass Settings - The new North Dakota Residential Mortgage Lenders license type is now available in the Encompass Settings where administrators can add their residential mortgage lender license information. North Dakota Senate Bill 2090, effective March 23, 2023, requires residential mortgage lenders to obtain a residential mortgage lender license.

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System Requirements & SDK Upgrade Requirement for Encompass

Have you reviewed the latest System Requirements and upgraded the SDK?

Before downloading or applying this new Encompass release, it is important to verify the latest system requirements for Encompass client machines. Please review the System Requirements for Encompass to ensure your environment meets the requirements needed to operate Encompass successfully.

The Encompass Software Development Kit (SDK) enables developers to build custom applications that can be added on, or connected to, Encompass and the ICE Mortgage Technology Platform. If you are utilizing the Encompass SDK, a major Encompass release like this one requires you to upgrade the Encompass SDK run time environment to match the newly updated Encompass Server. If you fail to upgrade the SDK, your application will not be permitted to connect to the updated Encompass Server.

If your SDK application utilizes the Encompass SmartClient, you can automate this process so the SDK is upgraded automatically every time you apply an Encompass release. If your SDK application is installed on a computer at your location, you must manually upgrade the SDK for every release. For instructions for automating the upgrade process or manually upgrading the SDK, refer to the Upgrading the Encompass SDK page or view the SDK Programmer’s Guide.

Install Files and Downloads

Visit the Encompass SDK and Other Install Files page to access the latest download links to the SDK and common tools, including eFolder print drivers and the Encompass Document Converter.

 

Next Section: Feature Enhancements