Release Notes Change Log for Version 24.1 (Broker Edition)
This Change Log lists each release notes entry that has been added, deleted, or modified since the initial preview version was first published. These items are listed in reverse chronological order (most recent change is listed first).
Change Type: Updated entry
Change Date: 4/15/2024 Details: The first paragraph of the Updated Calculation for Estimated Construction Interest Amount entry on the Feature Enhancements page was updated. Current Entry: Changes have been made to the Estimated Construction Interest (field ID 4088) calculation in Encompass. This change only affects Construction Only loans where the Estimated Interest On (field ID SYS.X6) is set to Method B (Full Loan). With this update, the calculation logic for field 4088 is calculating from the estimated closing date (field ID 763), or if that is blank, from the disbursement date (field ID 2553) to the final construction payment date (field ID 1961) for 365/360 (new behavior) and 365/365 (new behavior) loans. This update is being made to ensure that the Estimated Construction Interest calculation includes the final construction pay date (field ID 1961). Previous Entry: Changes have been made to the Estimated Construction Interest (field ID 4088) calculation in Encompass. This change only affects Construction Only loans where the Estimated Interest On (field ID SYS.X6) is set to Method B (Full Loan). With this update, the same calculation logic for field 4088 is now used for 360/360 (existing behavior), 365/360 (new behavior) and 365/365 (new behavior) loans as well. This update is being made to ensure that the Estimated Construction Interest calculation includes the final construction pay date (field ID 1961). |
Change Type: New section added
Change Date: 4/2/2024 Details: A new Fixed Issues for Version 24.1.0.2 Server Patch 2 section was added to the Fixed Issues page to describe updates to the initial Encompass 24.1 release to address issues discovered during pre-release testing. |
Change Type: Update entry
Change Date: 4/2/2024 Details: The Updated Calculation for Estimated Construction Interest Amount entry on the Feature Enhancements page was updated to specify that the change in calculation logic only affects Construction Only loans where the Estimated Interest On (field ID SYS.X6) is set to Method B (Full Loan). |
Change Type: New section added
Change Date: 3/20/2024 Details: A new Fixed Issues for Version 24.1.0.1 Server Patch 1 section was added to the Fixed Issues page to describe updates to the initial Encompass 24.1 release to address issues discovered during pre-release testing. |
Change Type:Updated entries
Change Date: 3/20/2024 Details: The following entries have been updated:
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Change Type: New entry Change Date: 3/20/2024 Details: The following new entry was added to the Fixed Issues page: Issue Addressed: Error Triggered when Ordering Closing Documents with Encompass eClose Users utilizing Encompass eClose to order closing documents in certain loans were receiving error messages during the loan audit that prevented them from completing the process. The cause of this issue (related to the loan XML file size) was identified and this issue has been addressed. The error message will no longer be triggered during the loan audit due to this XML file size issue. |
Change Type: Entry removed Change Date: 3/14/2024 Details: The Update to Calculate the Paid By Field on Line 801 on 2015 Itemization entry on the Fixed Issues page has been removed since it is a duplicate of the Paid By Fields on the 2015 Itemization Can Now be Updated in Linked Loans entry currently provided on the Feature Enhancements page. |
Change Type: Updated entry Change Date: 3/7/2024 Details: The following new information was added to the Archived Loans No Longer Included by Default in Pipeline Views entry on the New Feature and Forms page page. Loans that are archived are simply excluded from the initial Pipeline load for performance purposes. These loans are not being moved, and they can easily be retrieved by selecting the Include Archived Loans checkbox. For more details and information about this archive feature, please review the 24.1 - Encompass : New Archive Feature FAQ knowledge article (KA #000115380). |
Change Type: New entry Change Date: 3/4/2024 Details: The following new entry was added to the Electronic Document Management section of the Feature Enhancements page. New Audit Rule in Encompass The Audit Rule You have entered an MI premium but did not enter 12 1’s on the Aggregate Setup screen that may be triggered when managing documents using the Encompass Docs Solution (EDS) has been replaced by a more complex calculation to alert Encompass users of incomplete data entry issues in more scenarios. The new audit rule supports Conventional, FHA, and USDA mortgage insurance paid monthly, quarterly, semi-annually, or annually, and alerts the user of potential incorrect data entry in most cases. Please note, mortgage insurance paid bi-weekly will currently not trigger the audit and data entry must be reviewed manually until this feature is added in a future update. The new Audit Rule is now titled You have entered an MI premium but did not fully complete the Aggregate Setup screen. Any customization that users had made to the previous audit rule requires a new EDS Change Request Form (CRF) to be submitted to apply that customization to the new audit rule. |
Change Type: Updated entries
Change Date: 2/13/2024 Details: The following entries have been updated as follows:
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