Note or Purchase Date
The Note or Purchase Date displayed will depend on the Channel (field ID 2626)
on the Borrower Summary – Origination screen.
• If the Channel is “Correspondent”, the Purchase Date (field ID 3567) from the
The correspondent Purchase Advice Form is displayed.
• If the Channel is “Banked-Retail” or “Banked-Wholesale”, the Document Date
(field ID L770) from the Closing RegZ is displayed.
• If the Channel is blank, the channel from the Loans with no channel selected will
be treated as a field on the Channel Options settings screen (Encompass >
Settings > Loan Setup > Channel Options) is used to determine the Note or
Purchase Date.
• If there is no value in the Loans with no channel selected will be treated as
field, the Note or Purchase Date field is blank.
These are available in Tools->Collateral Tracking
Next Follow-up Date
The Next Follow-up Date displayed is the Note or Purchase Date plus the value
from the Initial Request Trigger Days on the Collateral Tracking settings screen
(Encompass > Settings > Business Rules > Collateral Tracking).
NOTE: If the Next Follow-up date falls on a weekend or holiday, it is moved back
to the prior business day. The selected lock desk calendar on the Lock Desk
Calendar tab (Encompass > Settings > Secondary Setup > Lock Desk Setup)
is used to determine holidays.
Days Outstanding
• If the Note or Purchase Date is blank, the Days Outstanding is also blank.
• If the Received Date is blank and there is a Note or Purchase Date, then the
Days Outstanding displayed is the current date minus Note or Purchase Date.
• If the Received Date is not blank, then the Days Outstanding displayed is the
Received Date minus Note or Purchase Date.
DOT/Mortgage Tab
Use this tab to capture initial request, shipping status, and return request
information for the DOT/Mortgage.
Initial Requests
Use this tab to track request(s) for the DOT/Mortgage and when documents are
received.
