21.4 Updated VOM Calculations (Field FM0016 and FM0021) for Subject Properties Using New URLA Forms

Details: Fannie Mae Desktop Underwriter (DU) and Freddie Mac Loan Prospector (LP) pull housing expenses and net rental income from the Verification of Mortgage (VOM) record.  This resulted in discrepancies when the current mortgage payment associated with the subject property was different from the proposed payment.  For Encompass to align with the new DTI calculations …

Change of Circumstance (COC) Forms Not Generating in Initial Packages with COC Settings — Adding forms to COC packages

Solution Details: Issue: COC forms are not generated in re-disclosure packages when using the “Magnifying Glass” search icon to choose a ‘reason’, next to field ID [3169] on LE page 1 Steps to Reproduce: Added custom form in Settings>eFolder Setup>Documents>set Criteria to “COC” only. (check all boxes). Re-Disclosed a package and custom form with COC settings …

Verification of Additional Loans

Use the Verification of Additional Loans (VOAL) to record additional new mortgage loans on the subject property aside from existing loans, for example down payment assistance loans or standalone piggyback loans closed with the current loan by either you or another lender. When you enter additional loans on the VOAL, the first five entries display …