Temporary Buydown Loan in Encompass®

This example was created from a services engagement with a mortgage lender looking to have support in launching their Temporary Buydown loan program. Some recent situations involve a builder who wants you to have this loan program available for their buyers. Another is when your business wants a way to help borrowers into their next home with a lower initial payment. We help you organize your Encompass® settings, input forms, workflow, and other critical departments needed for a successful roll-out. We typically work with teams in Secondary, Compliance, Underwritings, Closing, Post-Closing, and Accounting, in addition to the Encompass® Administrators. This is a simple loan We will review the Encompass® platform, workflow, settings, and goals to ensure they are successful in their growth and future opportunities.

  • A weekly project and status meeting for all Team Members as needed

  • On-Demand Review and task meetings with your team to establish success on:

    • Secondary program alignment

    • Compliance acceptance of MAVENT® and disclosures o Encompass admins for input form functionality

    • Appropriate team members for your PPE interface functionality and behavior

  • Ensuring the Borrower is receiving the correct monthly payment due, which is to include the correct monthly credit from the Buydown account established at closing

  • Online task and project management platform to document open items and their corresponding status

  • Business Rules as needed

  • Custom Print Form as needed

  • Custom Input Form(s) as needed

  • Custom Fields with calculations as needed

  • A dedicated and experienced professional to guide you through each step to prepare Encompass® and your team

  • Provide consultative guidance and training to you to help you fully launch your Temporary Buydown Loan Program

  • All meetings are recorded to allow unlimited review of material to prepare and support your team. We will review:

    • Secondary Marketing program alignment

    • Compliance acceptance of MAVENT® and disclosures

    • Encompass admin knowledge transfer for input form functionality and overall support for the loan program

    • Appropriate team member support for EPPS/OptimalBlue/Other PPE interface functionality and behavior