Broker Edition End User Encompass Training

This hands-on End User Training course will train the Broker on how to Originate and Process a loan in Encompass. Each of the two modules has an estimated duration of 3 hours for a total of 6 hours of learning.

IMPORTANT REQUIREMENT: Training takes place in the each participant’s Encompass. All Loan Template sets, Milestones, Broker State Disclosures, disclosure packages, and other settings must already be configured prior to attending this training.

Origination Module: 

  • Import & Export a FNM (3.4) file ULADD/MISMO
  • Starting a new loan in Encompass Broker
  • Understanding Milestones
  • Typical Data Entry Workflow
    • Forms
      • Borrower Summary – Origination
      • Application
      • 2015 Itemization
      • Loan Estimate
      • Home Counseling
      • 4506C
    • Tools
      • File Contacts
      • Conversation Log
      • Disclosure Tracking
    • Services
      • Credit
      • AUS
      • MI Quote
  • Broker Disclosures, if applicable*
    • eConsent
    • At Application Package (“Earlies,”Application, and others without the Loan Estimate)
    • Three-Day Package (Includes the Loan Estimate)
    • eSigning or wet signing
    • Changed Circumstance - Redisclosures
  • eFolder
    • Requesting supporting docs
    • Retrieving supporting docs
      • Loan Portal
    • Uploading docs
    • Indexing/dragging dropping

* Some Brokers have the flexibility to defer to their Lenders/Investors for the sending of disclosures.

Processing Module:

  • High-Level Loan Review
    • Borrower Summary – Origination
    • Application
  • Forms
    • Additional Requests
    • Verifications – Order Outs
    • VVOE
  • Tools
    • File Contacts
    • Conversation Log
    • Disclosure Tracking
  • Services
    • Credit
    • AUS
    • Flood
    • Appraisal
    • Title
    • Hazard
  • eFolder
    • Requesting supporting docs
    • Retrieving supporting docs
      • Loan Portal
    • Retrieving Broker Disclosures, if applicable
    • Uploading docs
    • Indexing/dragging & dropping docs
  • Submittal Milestone
    • Submitting/exporting the Credit Package to Lenders/Investors
    • Import & Export a FNM (3.4) file ULADD/MISMO to Lenders/Investors
  • Approval Milestone
    • Receiving Loan Approval
    • Fulfilling loan conditions
    • Resubmitting/exporting loan conditions to Lenders/Investors
  • Doc Signing & Funding Milestones
    • Reviewing the Closing Disclosure
    • Receiving the signed Closing Package
  • Completion Milestone
    • Updating the Borrower’s Current Address in Contacts, when applicable

Classroom Course - $499


2021 Schedule

Dates
May 17, 18, 19
Price:
$499
Location:
Virtual Class Online
Time: 8:00 AM - 10:00 AM PST
Dates
June 14, 15, 16
Price:
$499
Location:
Virtual Class Online
Time: 8:00 AM - 10:00 AM PST