Latest / Mastering Encompass® / Exploring EPPS with Encompass® Web

Transcript

Exploring EPPS with Encompass® Web · Mastering Encompass®

• 0:28
  Larry Bailey here with Awesome Technologies, Inc. I just got off a partner advisory board meeting with the awesome Tom Lyons from Ice Mortgage Technology who I've known since 2011, uhm, back before Ice bought the company.
• 0:45
  I don't know if it's this company or not. Anyway, it doesn't matter.
• 0:47
  It's we all know it as EPPS and I want to show you what it looks like on the web because I just got a little bit of training and I want to show you what it looks like. So here's just a bunch of test loans. I'm going to go into this first Andy America and then, uhm, over here, the thing, the way it is now, uhm, it's, it's a little bit different. So if you're on the web, you can actually price and lock through the web Encompass web, uhm, but what you want to do is, I know it might feel good to go over into Thank you.
• 1:16
  Uhm, the lock request form, things like that, but that's actually today with EPPS.
• 1:22
  You want to go to, to the kebab over here, and you want to click on search for product and pricing.
• 1:28
  That's going to bring up this little window, and you'll select Encompass product.
• 1:33
  Next, and from here, you'll go ahead and pick your, your information.
• 1:38
  Here's your checkbox were used to and as far as basic information that comes through, it's fetching the information from the loan file that you're in if you've gone through. I just want to select 30-year term, and if I want to select the agency and FHA, I don't have any product options.
• 1:56
  I don't have any special products. A lock period, I'm just going to pick a 45-day lender comp.
• 2:02
  Target rate is eight and a half percent.
• 2:04
  Done. And also the stuff, click search. So, this is again this UI is going to change a little bit.
• 2:11
  I've been told later on this year in 2024 is the game plan.
• 2:15
  So what's important to understand is again, this is live right now. You can do this. So, if you wanted to come over, and figure out, you know, which one you want, and what the rate is, et cetera, if you want to click the details. You know, for the one that's just above par here, we can come over and get your hits.
• 2:36
  You can click save the load. Which is going to update that loan file, or you can actually request the lock. So they're saving the loan part.
• 2:42
  A lot of folks tend to miss just because it's maybe not intuitive for them. But when trains properly, it's super easy. And that's going to bring that seven and five eight.
• 2:52
  It's back into a loan file as a result, as well as any other details that have been updated in the request.
• 3:00
  That'll bring it back to the lock request form.
• 3:05
  Excuse me. So if I'm, if you're looking to, so we can see you know, the note rates still show, showed 8.5, now it shows 7.625.
• 3:15
  So it updates the loan file easy enough if you want to deal, you know, if you want to save that stuff, go ahead and click save.
• 3:21
  But it's this part over here that I just want to draw to everyone's attention because I'm not because it's not like desktop.
• 3:28
  So just select it, click next. And again, you'll kind of go through that information. So that's my quick hit for for today the 23rd of February. Thanks very much.
• 3:38
  And if I ever can ever answer any questions Thank you questions are helping you can always reach me using Larry at ATI Helps.com.
• 3:44
  Take care everybody.