Loan Template Sets

View the "Loan Templates" Quick Reference Guide

Use the Loan Template Sets tool to create templates of loan data, milestones, documents, and tasks for frequently-used loan scenarios. Using loan template sets saves time and improves the accuracy of loan information. When you start a new loan, the New Loan (or Select Loan Template) window opens, from which you can select a template to apply to the loan.

About public and personal loan templates

Each loan template set is comprised of one to nine components that are separately maintained. The components are used in different combinations to create each loan template set.

Loan Program - A template of predefined loan terms and properties that display primarily on the Truth-In-Lending Disclosure statement and the 1003 application.
Milestone Template - A template consisting of milestones(A milestone is a step in the workflow that contains loan tasks that are carried out by an assigned loan team member.) grouped together by a common factor such as channel or loan type. When the loan template is applied to a loan file (or is used to when starting a new loan file), the milestones in the milestone template are applied to the loan file. Each milestone needs to be completed in order to process the loan. Note that when a milestone template is included in a Loan Template Set, the loan is set to manual modeIn manual mode, when a user changes a milestone's expected completion date, none of the other milestones' expected completion dates will be recalculated. This policy applies when you change the expected completion date directly on the milestone worksheet or when you change the date using the Change Milestone Dates window. when the loan template set is applied.
Closing Costs - A template of predefined closing costs that display primarily on the Good Faith Estimate statement and the 1003 application.
Input Form Set - The input forms to display in the forms list on the loan workspace.
Settlement Service Providers - A predefined list of providers used to populate the Settlement Service Provider List form.
Document Set - A set of documents that meet the requirements of a common loan scenario such as an FHA or ARM loan.
Task Set - A set of milestone-specific tasks that are completed during the loan's workflow.
Data Template - A set of default loan data that is automatically populated on loan forms when you start a loan.

Affiliate Template - A set of templates that are pre-populated with business affiliate information. For lenders that use the same affiliates for every business transaction, authorized users can apply the template to their loan file and include the affiliate information in the Affiliated Business Arrangements input form.

About public and personal loan templates

Each loan template set is comprised of one to eight components that are separately maintained. The components are used in different combinations to create each loan template set.

Loan Program - A template of predefined loan terms and properties that display primarily on the Truth-In-Lending Disclosure statement and the 1003 application.
Closing Costs - A template of predefined closing costs that display primarily on the Good Faith Estimate statement and the 1003 application.
Input Form Set - The input forms to display in the forms list on the loan workspace.
Settlement Service Providers - A predefined list of providers used to populate the Settlement Service Provider List form.
Document Set - A set of documents that meet the requirements of a common loan scenario such as an FHA or ARM loan.
Task Set - A set of milestone-specific tasks that are completed during the loan's workflow.
Data Template - A set of default loan data that is automatically populated on loan forms when you start a loan.

Affiliate Template - A set of templates that are pre-populated with business affiliate information. For lenders that use the same affiliates for every business transaction, authorized users can apply the template to their loan file and include the affiliate information in the Affiliated Business Arrangements input form.

Data Conflicts

It is possible to create a loan template set with conflicting data from different template components. For example, a loan template set could include a loan program with a loan term of 360 months and a data template with a loan term of 240 months.

If data conflicts exist in a loan template set, the following rules are used.

Data in a data template is overridden by the same data in other template components.
If a loan program references a closing cost template, the data in the referenced closing cost template is overridden by the data in a separate closing cost template.

To Create a Loan Template Set:

On the menu bar, click Encompass, and then click Settings.
In the left panel, click Loan Templates, and then click Loan Template Sets.
On the Loan Template Sets setting, select the Public or Personal folder in which to add the set.
Click the New icon, type the name of the loan template set, and then (with the new template selected) click the Edit icon.
On the Loan Template Details window, type a Description.
In the Templates section, click the Edit icon for one of the eight template components, select a predefined component from the displayed list, and then click Select.
Repeat step 6 to add up to eight components to the loan template.
Click Save.

Work with Loan Template Sets

Apply a Loan Template