TPO Disclosure Settings
(missing or bad snippet)Use this setting to manage the behavior and content of specific disclosure documents generated on behalf of a third party originator (TPO).
Statement of Denial
By default, the Lender information entered on the Closing Vendor Information input form is populated to the Creditor Contact Information section of the Statement of Denial input form. This information will print to page 3 of the Statement of Denial output form. Specifically, to the section of the form that states "If you have any questions regarding this notice, you should contact...". For loans in the Correspondent loan channel with non-delegated underwriting, your company information should be entered here (rather than the lender information) since your company is acting as the Correspondent investor in these types of transactions.
Use this Statement of Denial option to control the contact information that will be populated to the Creditor Contact Information section of the Statement of Denial input form.
On the menu bar, click Encompass, and then click Settings.
On the left panel, click External Company Setup, and then click TPO Disclosure Settings.
In the Statement of Denial section, select the Creditor Override on Statement of Denial checkbox to enable Encompass to automatically populate your company's contact information (as entered in the Company Information setting) to the Creditor Contact Information section of the Statement of Denial input form only for loan files in the Correspondent loan channel with non-delegated underwriting.
By default, this checkbox is not selected. The Creditor Contact Information fields are populated with the Lender information entered on the Closing Vendor Information input form.