Loan Programs

View the "Loan Templates" Quick Reference Guide 

A Loan Program is a template of predefined values that display primarily on the 1003 application, the Truth-In-Lending Disclosure statement (for loans using 2010 RESPA forms), and the 2015 RESPA-TILA disclosure forms. You can significantly reduce data entry time and improve accuracy by setting up Loan Programs for the types of loans you process most often.

When you select a Loan Program to use with a loan, the data from the template is copied to the loan forms. You can leave the data as is, or change values as needed. The original data on the template is not affected.

About public and personal loan programs

To Create a Loan Program:

  1. On the menu bar, click Encompass, and then click Settings. 

  2. In the left panel, click Loan Templates, and then click Loan Programs.

  3. On the Loan Programs screen, select the Public or Personal folder in which to add the template.

  4. Click the New icon, type the name of the program, and then (with the new template selected) click the Edit icon.

  5. On the Loan Program Details window, type a Description.

  6. If the data in a template conflicts with a business rule, select the Template data will ignore business rules checkbox at the bottom of the window to ignore the conflicting business rule and apply the template data to the loan.

    • If the checkbox is not selected, the business rule will take precedence over the template data.

     This feature is available only if it has been enabled by your system administrator (using the Settings Manager in the Admin Tools) and applies only to public templates.

  7. Complete the form as described below, and then click Save.

Section Information

ClosedHeading Fields

  • If you want to associate a closing cost program with the loan program, click the Find icon to select the appropriate template.

  • Select a Loan Doc. Type Code.

ClosedBasic Fields

Use the Basic Fields section to apply a Plan Code and enter basic loan information that will be used in the template. Enter loan purpose, loan type, and property information as needed. Enter any additional terms required for the loan program type. For example, rates for buydown and ARM mortgages, biweekly payments, potential negative amortization, and construction mortgage details.

If the loan template is designed for loans that do not have a seller, for example refinance loans, select the Use Alternate checkbox below the Loan Purpose fields to apply the alternate version of the Cash to Close section on the Loan Estimate Page 2.

ClosedPlan Code

  1. Click the Plan Code button to apply a plan code to the template.

    • Fields applied from a plan code are disabled and cannot be edited.

  2. Select a Plan Type option: eDisclosure or Closing Docs.

    • A list of loan programs displays.

  3. To view details about the loan program, including the values that will be added to the loan file if selected, select the loan program, and then click the View Plan Code Details icon.

  4. To add a plan to the template, select a plan, and then click Select.

ClosedAdd plan codes to the list of available plan codes

  1. Click the New icon.

  2. At the top of the Select Plan Code window, select an investor from the dropdown list.

    • A list of loan programs provided by the investor displays.

  3. To view details about the loan program, including the values that will be added to the loan file if selected, select the loan program, and then click the View Plan Code Details icon.

  4. To add the program to the list of available plan codes, select one or more plans, and then click Add.

  5. Click Yes to confirm the addition of the plan to your company's plan code list.

    • The program is added to the Company Plan Codes list.

  6. To add additional plans to the plan codes list, repeat steps 2 through 5.

    To add one or more programs plan codes at the same time, press Ctrl on your keyboard, and then click to select the programs to add.

  7. If an investor is associate with the Plan Code, you can apply investor information to the loan file and closing documents by selecting the investor from the dropdown list.
  8. Click OK to confirm the addition of the plan to the template.

ClosedAdditional Fields

  • In the Mortgage Insurance section, click the Edit icons to calculate the mortgage insurance premiums and terms. For detailed instructions, refer to Calculating Mortgage Insurance Premiums.

  • In the Program Requirements section, enter the enter the minimum requirements for the borrower to qualify for this loan program.

  • Indicate the types of insurance required and, if purchased from the creditor, the annual premium.

  • Use the Late Charges and Assumption sections to enter information related to late charges and assumability.

See Also:

Work with Loan Programs

Import Loan Programs