Year: 2022

For loans submitted to FNMA Desktop Underwriter (DU), the Average Median Credit Score value is now being calculated by DU and returned in the response. The following Encompass updates have been implemented to accommodate this change: A new read-only Avg. Median Credit Score loan-level field (field ID AUS.X199) has been added to the to the …

Few points to start checking prior to do anything Check all APR fees, and all red-flagged fees in ‘APR fees’, meaning thereby either you have to match and adjust in Itemization Fees in settings or check ‘Impact APR’ and ‘compliance fee’ in the loan file. A common cause for this is mismatched APR flags. This …

So There are two places where we have to make changes so that a persona like a loan processor can access milestones which they were not finishing previosuly. In So click on blue colored letters ‘assign loan team members’ and in next window opened, select milestone for which you want to give access. Now you …

If Mavent throws error for state laws and licenses then there are three places we have to enter state license details Encompass settings->company user setup->company information->Licenses Select the appropriate state and corresponding license and check it. 2. Select organization / users from top administration and if all users of that loan file are in whatever …

  Vacation Home Mavent is calculating MI for life of loan – conventional. Mavent is coded to drop off MI at 78% for First Lien, Primary Residence, Single Family (Units =1) conventional loans.  For loans where the property type is listed as Conventional SECOND/VACATION HOME, Conventional INVESTMENT PROPERTY, or Conventional MULTI UNIT PROPERTY (UNITS = 2-4), …

Use the left top menu burgar bar create new user with access and after creation again from left top burgar menu select modify user profiles and selected administrator privileges as ‘primary elevated’.

Go to primary elevated account administrator and from the left top menu option with https://www.screencast.com/t/GVxHYq0lat       Select a system account like dmcain_lclasys2sys2 and enter a new password.  

Order Vs Preview If you are running order and fail but pass on a preview there have been changes to the file since the last disclosure. Mavent is looking for a new disclosure to be run in order to pass. REVIEW/ORDER: an Order utilizes the last disclosed information and compares it to what is currently …

use technology manager of fannie mae admin to create user and then provide applications like UCD to that user. In reset password always type username, never copy paste otherwise it will not work.

Use loan folders to organize your loans into groups. You can create folders to group loans by categories such as month of origination, loan status, or loan type. When you generate reports and view information on the Dashboard, you can select which folders to include. Keep this in mind when you are planning, creating, and managing …