Encompass 23.3 Release Notes - Broker Edition

What's in This Release

Highlights of this release include the following:

• Tools to Deliver Year-End Compliance Updates (FHA County Limits, Conventional County Limits, Federal Threshold Limits) - Enhancements were made in Encompass 23.2, and now in Encompass 23.3, to deliver year-end compliance updates seamlessly without the need for a critical patch update late in the year. ICE Mortgage Technology will announce when the new limits provided by the government agencies is available in Encompass. Use the new FHA County Limits, Conventional County Limits, Federal Threshold Limits tools to synchronize the new limits with your Encompass instance.

• Project Review Tool for Condominiums - Use this tool to capture condominium details for a subject property that can then be used for the project approval process. The tool consists of existing field and new fields that are all editable.

• Supplemental Insurance Updates - Some input forms and modal windows in previous versions of Encompass that display insurance values were missing the Supplemental Insurance field. Depending on the form purpose, the present supplemental insurance (field ID URLA.X212) and/or the proposed supplemental insurance (field ID URLA.X144) have been added to display on some input forms. For some input forms, new supplemental insurance fields were created to correspond with the field types on those forms.

• Affordable Loan Enhancements - A new Affordable Loan Eligibility section has been added to the Borrower Summary - Origination, Fannie Mae Additional Data, and Freddie Mac Additional Data input forms to enable Encompass users to view factors that help determine whether a loan is a good candidate for an affordable loan program such as USDA. The new section provides two new buttons used to manually look up census, income, and metropolitan area data and to populate the fields in this section with the Area Median Income (AMI) values for the area where the subject property is located.

• Freddie Mac 5.3 Updates - Updates have been made to the Freddie Mac Additional Data input form to remove fields that are no longer needed because they are available on other input forms. As part of the update, various sections have been reorganized and the Purchase Credit Source section has been removed entirely since the fields in that section are no longer on the form.

  • A new Accessory Dwelling Unit section with new fields has been added to the Section 4: Loan and Property Information portion of the 1003 URLA Part 4 input form. Use this section to capture ADU details for a subject property.

  • On the Freddie Mac Additional Data input form, HeritageOne is now available to select from the Offering Identifier dropdown list (CASASRN.X209).

• Additional Fannie Mae and Freddie Mac Input Form Updates - The following GSE-related updates have been made:
  • A new field for Truv (field ID GSEVENDOR.X50) has been added to the Universal Credit 4506T section of the GSE Additional Provider Data input form. Users leveraging Freddie Mac’s Asset and Income Modeler (AIM) through the Loan Product Advisor® (LPA) may use this new AIM for income and employment service provider starting in Q3 2023.

  • A new field called Community Land Trust Lessor Name (field ID 4988) is now provided on the Fannie Mae Additional Data and Freddie Mac Additional Data input forms. Enter the name of the Lessor in this field.

  • To help ensure the logic to populate the Counseling Confirmation and Counseling Format type information on the Fannie Mae ULDD XML adheres to Fannie Mae’s Appendix D requirements, the loan-level First-Time Homebuyer field (field ID 934) on the ULDD/PDD input form has been replaced with two new borrower-level fields: Borrower First-Time Homebuyer (field ID 4973) and Co-Borrower First Time Homebuyer (field ID 4974).

  • Two new fields have been added to the Fannie Mae Additional Data and Freddie Mac Additional Data input forms to enable the user to document when a Borrower acknowledges and accepts that an appraisal is not being obtained for a transaction: Property Inspection Waiver Accepted (field ID 4954) and PIW Accepted Date (field ID 4955).

• New Property Disaster Declarations Section Added to Property Information Input Form - A new Property Disaster Declarations section has been added to the Property Information input form to enable users to create multiple records of disasters affecting a property on different date if needed.

• Two New Credit Fields Added to AUS Tracking Tool’s Quick Entry Screen - Two new read-only credit fields have been added to the Quick Entry - AUS Details screen to store the credit report types and IDs that were used with the AUS order submitted to the Government Agencies: Credit Reference ID (field ID AUS.X201) and Credit Report Type (field ID AUS.X202).

• New Rate Options Added to Index Rate dropdown Field Lists - New WSJ Prime Rate and Freddie Mac PMM rate options are now provided in ARM Index Rate dropdown field lists for ARM Index Type (field ID 1959), ARM Index Type (field ID 4512), and Index + Margin (field ID LE2.X96).

• New Preferred Contact Method Section to Track Best Time and Method for Contacting Borrowers - A new Preferred Contact Method section has been added to the Borrower Origination - Summary input form, the 1003 URLA - Page 1 input form, and to the Non-Borrowing Owner entries in the File Contacts tool to enable Encompass users to enter information about the preferred methods for contacting a borrower or co-borrower. (email, phone, text, etc.) along with the best time to reach them.

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.

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.