NMLS Report Setup

Use the NMLS Report Setup tool to select the states to include when generating loan data needed for an NMLS Mortgage Call Report (in XML format) from the Encompass Pipeline. Select each state in which your company is licensed and is required to submit an NMLS Mortgage Call Report. By default, Encompass considers the 1003 Signature Date (field ID 3261) to be the loan’s initial application date. When generating NMLS Mortgage Call Report data, the initial application date determines whether or not the loan file is included in the report (based on the time period the report is covering). Administrators can use the NMLS Report Setup tool to designate the date field that will be used as the initial application date.

To Set the Initial Application Date:

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

  2. On the left panel, click Loan Setup, and then click NMLS Report Setup.

  3. Select each state in which your company is licensed and is required to submit an NMLS Mortgage Call Report.

    • Click Check All to select every state in the list.

    • Click Uncheck All to clear the checkbox for each state in the list.

  4. To change the initial application date used when including loans in NMLS reports:

    • In the Reports Setting section, select a date from the Application Date Field list. The option selected here determines the date that is populated to the Initial Application Date field (field ID 3142) in the NMLS Report Information quick entry window:

    • 3261 - Date when the 1003 form was signed; this 1003 signature date option is selected by default

    • 3142 - GFE Application Date

    • 745 - Application Date

    • Or, select Other, and then select a date from the Reporting Database.

  5. To prevent NMLS Mortgage Call Reports from reflecting fees collected after credits to the borrower have been deducted, select Exclude Origination Credits from Fees Collected.

    • When this option is selected, Encompass excludes the total Origination Credit paid to the broker by the lender (field ID 1663) from the Total Lender Fees (field ID 3311) calculation.

     If the Specify the Adjusted Origination Charge Details checkbox on Line 802 of the 2010 or 2015 Itemization (or 2010 HUD-1 Page 2) input form is selected, field 1663 is never included in the Total Lender Fees (field ID 3311) calculation. Instead, Encompass includes the origination credits paid to the broker entered in the Manage Adjusted Origination Charge Details quick entry window calculating Total Lender Fees. Encompass only uses field 1663 when calculating Total Lender Fees when the Specify the Adjusted Origination Charge Details checkbox is not selected. In this scenario, select the Exclude Origination Credits from Fees Collected checkbox to exclude field 1663.

  6. When finished, click the Save icon.