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Encompass 17.3 splits purchase price data to be documented with both the automated underwriting system (AUS) and for disclosure.
In addition, updates have been made to Loan-To-Value (LTV) calculations based on the details of the transaction." data-reactid="22"Construction Management Enhancements: Following the Encompass 17.1 release in early 2017, Ellie Mae clients provided feedback that has been leveraged for this new release to continue to make it easier for lenders to originate and process construction loans.
This reduces risk by automating the process of using the payments collected by the lender prior to the sale of the correspondent loan.
Trade Management Updates: Enables authorized third party originators to conduct Correspondent Trade transactions through the new Encompass TPO Connect™ solution, a modern and collaborative web experience for lender’s third-party origination partners.
This may seem way ahead of its time but once you consider the energy landscape in Australia it definitely fills a void.
Power ledger allows renewable energy owners to sell their surplus energy at competitive prices to others.Investors will save time from updating trades on behalf of their sellers; sellers will be able to manage their own trades and loan allocations.In addition, lenders will be able to run product eligibility and pricing through the integrated Encompass Product & Pricing Service™ to ensure the loans are eligible for the trade at the time of loan allocation." data-reactid="24"Trade Management Updates: Enables authorized third party originators to conduct Correspondent Trade transactions through the new Encompass TPO Connect™ solution, a modern and collaborative web experience for lender’s third-party origination partners.appearing herein are the property of Ellie Mae, Inc. Power ledger is a peer to peer energy trading platform which integrates with existing electricity system.