Alerts Overview
Jun 30, 2026
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| Alerts Overview An alert is a notification that indicates an event has occurred, is pending, or is due. Alert information displays on the Pipeline and in the loan file. To view details of the alerts associated with a loan, click the Alert icon on your Pipeline. The alert remains in effect until the required action is taken. When you clear an alert, the entry is removed from both your Pipeline and the Alerts & Messages tab in the Log . The timing of when an alert displays, and whether or not it displays on the Pipeline, is defined by your system administrator on the Alerts settings tool. If a loan has an adverse status , existing alerts are not shown on the Pipeline. To reduce loading time and improve performance, Alert icons do not display when multiple loan folders are selected in the Loan Folder dropdown list, or when <Select All Active Folders> or the <Trash> folder is selected from the Loan Folder dropdown list. At App Disclosure Requirements The At App Disclosure Requirements disclosure compliance alerts can help ensure loans are compliant with all applicable state and federal regulations, including those applicable to timing and content of disclosures to maintain good faith with the consumer. This alert helps ensure that when the required fields are populated based on the information provided on the loan application, the Loan Estimate is provided to the borrower. The alert displays on the Pipeline, the Alerts & Messages tab in the Log, and in a pop-up window when you save the loan. When these alerts are triggered in the loan file, the required completion fields are listed. Once these fields are populated, the Disclosure Ready Date on the alert screen in the loan file will be populated. (Until then, this date field is blank.) When the date is added, a scheduler will then send out the disclosures for the loan. (The disclosures may also be sent manually prior to the scheduler sending them.) Note that the administrator needs to set up a scheduler and a workflow rule for the Disclosure Ready Date field in the web version of Encompass in order for the disclosures to be sent automatically when the date field is populated.) Three-Day Disclosure Requirements The Three-Day Disclosure Requirements disclosure compliance alerts can help ensure loans are compliant with all applicable state and federal regulations, including those applicable to timing and content of disclosures to maintain good faith with the consumer. This alert helps ensure the required fields are populated so that the Closing Disclosure can be sent within the required three business days before closing. The alert displays on the Pipeline, the Alerts & Messages tab in the Log, and in a pop-up window when you save the loan. When these alerts are triggered in the loan file, the required completion fields are listed. Once these fields are populated, the Three-Day Disclosure Ready Date on the alert screen in the loan file will be populated. (Until then, this date field is blank.) When the date is added, a scheduler will then send out the disclosures for the loan. (The disclosures may also be sent manually prior to the scheduler sending them.) Note that the administrator needs to set up a scheduler and a workflow rule for the Three-Day Disclosure Ready Date field in the web version of Encompass in order for the disclosures to be sent automatically when the date field is populated.) Milestone Expected Milestone Expected alerts notify users of pending milestones. These alerts display on the Pipeline, Log, and the top of the milestone worksheet (the top of the worksheet displays in red). When you record the achievement of a milestone on the milestone worksheet or update the Days to Finish field, the corresponding entry in the Log reflects the completion or update. The completion date is used to calculate the expected completion of future milestones. Milestone Finished Milestone Finished alerts are generated when a milestone is completed, notifying the loan team member responsible for completing the next milestone that the milestone has been completed. These alerts display on the Pipeline, Log, and the top of the milestone worksheet (the top of the worksheet displays in red). The alert is cleared when the loan team member clicks the Accept File (Clear Alert) button on the milestone worksheet. Document Expected and Document Expired Document alerts notify users of the status of ordered and received documents. When you begin managing a document you can change the default dates if needed. Document alerts display on the Pipeline and in the Log. In the Log, an entry is created showing the expected receipt date. This entry changes to red text if the document becomes past due. If a received document expires, a new entry replaces the expected receipt date in the Log. eFolder Update eFolder Update alerts notify specific loan team members about updates made to documents or conditions. When managing a document in the Document Details window or a condition in the Condition Details window, loan team members can add comments (in the Tracking section) related to the document or condition. When adding a comment, they can also send an eFolder Update alert to the loan officer, loan processor, or closer assigned to the loan file to notify them of the update. eFolder Update alerts display in the Pipeline and on the Alerts & Messages tab in the Log for the selected loan team member. Clear these alerts by opening the document or condition related to the alert, click the Comments tab located in the Tracking section of the Document Details or Condition Details window, and then click to view the comment entered by the loan team member who sent the alert. Conversation Follow Up Conversation Log alerts notify loan team members of required follow-up actions. These alerts are based on information entered in the Follow Up section on the Conversation Log worksheet. Conversation Log alerts display on the Pipeline, Log, and the top of the Conversation Log list for the selected loan team members. Task Expected and Task Follow Up Task alerts notify the loan team member of required expected and follow-up actions. These alerts are based on information entered in the Status and Follow Up sections on the Task worksheet. The alert entry displays in the Log for the selected loan team member as appropriate. When the follow-up date is reached, the entry changes to red text and the alert also displays on the Pipeline. Clear the alert by selecting a Followed up on date or by updating the to follow up on date. Preliminary Condition Expected These alerts are generated when a preliminary condition is pending. Preliminary Condition alerts are based on information entered in the Tracking section of the Preliminary Condition Details window (specifically, the Days to Receive field in the eFolder). The alerts display on the Pipeline, Log, and the top of the milestone worksheet with which the condition is associated (the top of the worksheet displays in red). Underwriting Condition Expected These alerts are generated when an underwriting condition is pending. Underwriting Condition alerts are based on information entered in the Tracking section of the Underwriting Condition Details window (specifically, the Days to Receive field in the eFolder). The alerts display on the Pipeline, Log, and the top of the milestone worksheet with which the condition is associated (the top of the worksheet displays in red). Post Closing Condition Expected These alerts are generated when a post closing condition is pending. Post Closing Condition alerts are based on information entered in the Tracking section of the Post-Closing Condition Details window (specifically, the Days to Receive field in the eFolder). The alerts display on the Pipeline, Log, and the top of the milestone worksheet with which the condition is associated (the top of the worksheet displays in red). Registration Expiration Registration Expiration alerts notify loan team members of the expiration of a loan that was registered with an investor (Field ID 2824). Registration Expiration alerts display on the Pipeline and the Log. Rate Lock Requested Rate Lock Request alerts are generated using the Lock Request tool. When a loan officer submits a lock request for an unlocked loan to the lock desk, a Lock Request icon displays on the Pipeline. When the loan rate is locked and the loan officer is notified, the Lock Request icon is replaced by a blue Lock icon . When a loan officer submits a lock request for a loan that is already locked, a Locked Loan Lock Request icon displays on the Pipeline. The alerts also display on the Log and in the header above the work area in the loan file. Rate Lock Confirmed Rate Lock Confirmation alerts are generated when a loan rate is locked by the lock desk, and confirmation is sent to the requestor (typically the loan officer). The Lock Request icon is replaced by a blue Lock icon . The alert displays on the Pipeline, Log, and in the header above the work area in the loan file. Rate Lock Request Denied Rate Lock Request Denied alerts are generated when a rate lock request is denied by the lock desk. When a request is denied, the Buy Side and Sell Side components of the request are cleared and the Lock Request icon is removed. The alert displays on the Pipeline and the Log. When the lock desk denies a lock request, one or more loan team members receive a notification. Rate Lock Expired Rate Lock Expiration alerts notify loan team members of the expiration of a rate lock. When the alert is created, the blue Lock icon changes to red , and the number of days remaining (if any) displays beneath the icon. Rate Lock Expiration alerts display on the Pipeline, Log, and in the header above the work area in the loan file. Rate Lock Extension Requested Rate Lock Extension Request alerts are generated using the Lock Request tool. When a loan officer submits a request to extend a rate lock, a Lock Extension Request icon displays on the Pipeline. When a lock is extended and then re-locked, a different icon displays on the Pipeline to distinguish between a pending new lock request on extended loans and a pending lock extension request. When the loan rate is locked and the loan officer is notified, the Lock Extension Request icon is replaced by a blue Lock icon . The alerts also display on the Log and in the header above the work area in the loan file. Rate Lock Cancellation Request Rate Lock alerts are generated using the Lock Request Tool. When a loan officer submits a request to cancel a lock, a Lock Cancellation Request alert displays on the Log. Rate Lock Cancelled Rate Lock Cancelled alerts are generated using the Secondary Registration tool. When the lock desk cancels a lock, a Lock Cancellation icon displays on the Pipeline. The alert also displays on the Log and in the header above the work area in the loan file. Borrower Payment Past Due Payment Past Due alerts notify loan team members that an interim-servicing payment is pending or due (field ID SERVICE.X14 on the Interim Servicing Worksheet). The alerts displays on the Pipeline and the Interim Servicing Worksheet. Statement Printing/Mailing Due These alerts notify loan team members of the requirement to send an interim-servicing statement to the borrower (based on the number of days setting on the Servicing screen on the Settings tab). The alerts displays on the Pipeline and the Interim Servicing Worksheet. Escrow Disbursement Due These alerts are generated when an escrow disbursement is pending or due (based on the dates in the disbursement Due Date fields on the Interim Servicing Worksheet). The alerts displays on the Pipeline and the Interim Servicing Worksheet. Purchase Advice Form Does Not Balance These alerts are generated when the value in the Reconciled Difference field (field ID 2629) on the Purchase Advice Form is not 0. The alerts display on the Pipeline and the Purchase Advice Form. Shipping Due Shipping Due alerts notify loan team members of a pending or past due investor delivery date (field ID 2012 on the Shipping Detail form). The alerts display on the Pipeline. Compliance Review Compliance Review alerts notify loan team members when a compliance review report has been ordered for a loan and includes the results of the review, Pass or Did Not Pass. The alerts display on the Pipeline and on the Alerts & Messages tab and the Log tab in the Loan Log. Click the alert on the Alerts & Messages tab to view the compliance review report. Click the alert on the Log tab to open the report using the eFolder where you can view and modify the report and report details. Rate Lock Removed from Correspondent Trade When a loan is removed from a correspondent trade , a confirmation entry is added to the Loan Log along with a Rate Lock Removed from Correspondent Trade alert on the Alerts & Messages tab in the Log. The Log entry provides the date and time of the request and completion, and basic loan information. To view alert details, click the alert on the Log's Alerts & Messages tab. To clear the alert after viewing alert details, click the Clear Alert button in the upper-right of the alert screen. LIBOR Index Since the LIBOR index will no longer be supported in GSE pools after 10/1/2020 (due to the transition to the SOFR index announced by the FHFA on February 5, 2020), this informational alert is triggered for loans with an application date (field ID 745 and 3142) after 9/30/2020 that use any LIBOR for the ARM Index Type (field ID 1959). This alert is intended to notify loan team members for loans that will not be eligible for purchase by the GSEs. Since this alert is informational only, loan team members can still proceed with the loan. The alert displays on the Alerts & Messages tab in the Log only. Key Pricing Fields Using the Key Pricing Fields alert, the administrator can create a list of key pricing fields and then set up the alert to trigger any time a loan is saved and the value in one of these fields has been updated since the loan's rate was locked. By default, the key pricing fields are: Total Loan Amount (field ID 2), Subject Property Estimated Value (field ID 1821), Subject Property Appraised Value (field ID 356), Subject Property State (field ID 14), Subject Property County (field ID 13), Credit Score for Decision Making (VASUMM.X23), Loan Term (field ID 4), Amortization Type (field ID 608), Loan Purpose (field ID 19), Loan Type (field ID 1172). These alerts display on the Pipeline and the Alerts & Messages tab in the Log, as well as in a pop-up window when you save the loan. To view alert details, click the alert in the Log. To clear the alert after viewing alert details, click the Clear Alert button in the upper-right of the alert screen. If the alert triggers, it will be automatically cleared the next time a lock confirmation occurs. Redisclose REGZ-TIL (APR Change) (Mortgage Disclosure Improvement Act (MDIA)) In accordance with MDIA provisions, Redisclose REGZ-TIL (APR Change) alerts are generated when there is a difference between the value in the Disclosed APR (field ID 3121 on the REGZ-TIL and Closing RegZ forms) and the Current APR field (field ID 799 on the REGZ-TIL and Closing RegZ forms) greater than .125% (for regular loans; for irregular loans this alert is generated when the difference between the two APR values is greater than .25%). The alert notifies loan team members that the new APR should be disclosed to the borrower. The alert displays on the Pipeline, the Alerts & Messages tab in the Log, and both REGZ forms, as well as in a pop-up window when you save the loan. Note: The admin can use the Alerts tool to configure these alerts to generate when the APR differs by more than 0.125% for regular and irregular loans. Closing Date Violation (MDIA) To comply with MDIA provisions, a Closing Date Violation alert is generated when the loan's Estimated Closing Date (field ID 763 on the Borrower Summary) precedes the loan's Earliest Closing Date (field ID 3147 on the Disclosure Tracking tool). The alert displays on the Pipeline and the Alerts & Messages tab in the Log, as well as in a pop-up window when you save the loan. Send Initial Disclosures (Real Estate Settlement Procedures Act (2010 RESPA) and Integrated Mortgage Disclosures Rule (2015 RESPA-TILA)) 2010 RESPA - The loan originator must provide the initial GFE (for 2010 RESPA forms) or the initial Loan Estimate (for 2015 RESPA-TILA forms) to the borrower within three days of receiving the loan application. The Send Initial Disclosure alerts are generated when all of the alert's trigger fields have been populated. By default, these fields include Borrower First Name (field ID 4000), Subject Property Address (field ID 11), Loan Amount (field ID 1109), and other fields used to complete the loan application. View the Send Initial Disclosures alert in the Alerts settings tool for a full list of Field Triggers. These alerts display on the Pipeline and the Alerts & Messages tab in the Log, as well as in a pop-up window when you save the loan. Initial disclosures must be sent no later than three business days after the alert has been generated. (Business days are determined by the Our Company Calendar settings .) This alert can also be triggered when the borrower is allowed to shop for third-party settlement services and the Settlement Service Providers List is required to be disclosed along with the Loan Estimate. 2015 RESPA-TILA - This alert operates with the Loan Estimate (LE) the same way in which the alert operates with the 2010 GFE form. According to RESPA-TILA, the loan originator must provide the initial LE to the borrower within three days of receiving the loan application. The Send Initial Disclosures alerts are generated when all of the alert's trigger fields have been populated. By default, these fields are: Borrower First Name (field ID 4000), Borrower Last Name (field ID 4002), Borrower SSN (field ID 65), Total Monthly Income (field ID 736), Subject Property Address (field IDs 11, 12, 14, 15), Subject Property Estimated Value (field ID 1821), and Loan Amount (field ID 1109). These alerts display on the Pipeline and the Alerts & Messages tab in the Log, as well as in a pop-up window when you save the loan. Initial disclosures must be sent no later than three business days after the alert has been generated. (Business days are determined by the Our Company Calendar settings .) To clear this alert, the LE Sent Date (field ID 3152) must be populated. This field is populated automatically when the LE is initially disclosed. Send Initial Disclosures Alert for Settlement Service Providers List In addition to the triggers for the 2015 RESPA-TILA alert discussed above, the Send Initial Disclosures Alert may be triggered if the Loan Estimate and the Settlement Services Provider List (SSPL) are required to be disclosed. The alert is cleared when the SSPL Sent Date (field ID 4014) is populated. This field is automatically populated when the SSPL is disclosed and a tracking entry is included in the Disclosure Tracking tool's Disclosure History table. eConsent Not Yet Received (2015 RESPA-TILA) This alert is intended to notify you when you have not yet received consent to receive electronic disclosures (eConsent) from all applicable parties. This helps ensure you receive eConsent before sending the disclosures electronically. The following fields are located in the eConsent Status window accessible from the Disclosure Tracking Tool : Borrower 1 eConsent Status (field ID 3984), Co-Borrower 1 eConsent Status (field ID 3988), Borrower 2 eConsent Status (field ID 3992), Co-Borrower 2 eConsent Status (field ID 3996), Borrower 3 eConsent Status (field ID 4023), Co-Borrower 3 eConsent Status (field ID 4027), Borrower 4 eConsent Status (field ID 4031), Co-Borrower 4 eConsent Status (field ID 4035), Borrower 5 eConsent Status (field ID 4039), Co-Borrower 5 eConsent Status (field ID 4043), Borrower 6 eConsent Status (field ID 4047), Co-Borrower 6 eConsent Status (field ID 4051), Non-Borrowing Owner eConsent Status (field ID NBOC0017), File Started Date (field ID MS.START) or Application Date (field ID 3142). These alerts display on the Pipeline and the Alerts & Messages tab in the Log, as well as in a pop-up window when you save the loan. If the eConsent Status for any borrower / co-borrower on the loan is not indicated as Accepted this alert is triggered. This alert is triggered at the same time as the Send Initial Disclosures alert. To clear the alert, the eConsent Status must be set to Accepted for all borrowers and co-borrowers on the loan. This alert may not display, depending on your Alerts settings configured by your Encompass administrator. GFE Expires (2010 RESPA) RESPA states that if a borrower does not express intent to continue with an application within 10 days of receiving the GFE, the loan originator is no longer bound by the GFE. The GFE Expires alert notifies you that the GFE Expiration Date (field ID 3140 on the 2010 GFE) is near and the loan's rate has not been locked. The days before the expiration date value set up in the Alerts setting determines exactly when the alert displays. The GFE Expiration Date must be a minimum of 10 days from the Initial GFE Sent Date (field ID 3148) on the Disclosure Tracking tool. (Days are determined by the Our Company Calendar settings .) The alert displays in the Pipeline, the Alerts & Messages tab in the Log, and the 2010 GFE (the top of the page displays in red), as well as in a pop-up window when you save the loan. Loan Estimate Expires (2015 RESPA-TILA) The Loan Estimate Expires alert notifies you that the Closing Cost Estimate Expiration Date (field ID LE1.X28 on the LE Page 1) is near and the Intent to Proceed checkbox (field ID 3164) has not been selected on the Loan Estimate Page 1. The days before the expiration date value set up in the Alerts settings determines exactly when the alert displays. The LE's expiration date must be a minimum of 10 days from the LE Sent Date (Field ID 3152 on the Disclosure Tracking tool). When the alert is generated, the Encompass user receives an alert with the following message: The Loan Estimate has expired because the Intent to Proceed was not received within 10 business days from the LE Issued Date. These alerts display on the Pipeline and the Alerts & Messages tab in the Log, as well as in a pop-up window when you save the loan. Clear the alert by selecting the Intent to Proceed checkbox on the Loan Estimate Page 1. Redisclose GFE (Rate Lock) (2010 RESPA) Under RESPA regulations, if a rate lock changes after the initial GFE is provided, a revised GFE must be sent to the borrower within three days of the changes. These Redisclose GFE alerts are generated when the Rate Locked Date (field ID 761) is later than the Last Sent Date (field ID 3137) on the 2010 GFE. In other words, the rate was locked after the 2010 GFE was initially disclosed. The alert displays on the Pipeline, Log, and 2010 GFE (the top of the page displays in red), as well as in a pop-up window when you save the loan. (Days are determined by the U.S. Postal Calendar settings .) Redisclose GFE (Changed Circumstance) (2010 RESPA) Under RESPA regulations, if circumstances have changed since the initial GFE was provided, a revised GFE must be sent to the borrower within three days of the changes. These Redisclose GFE alerts are generated when the Changed Circumstance checkbox (field ID 3168) is selected on the 2010 GFE. The Changes Received Date field (field ID 3165 on the 2010 GFE) is populated with the current date. The alert displays on the Pipeline, the Alerts & Messages tab in the Log, and 2010 GFE (the top of the page displays in red), as well as in a pop-up window when you save the loan. (Days are determined by the U.S. Postal Calendar settings .) Redisclose Loan Estimate (Changed Circumstance) (2015 RESPA-TILA) Under RESPA-TILA regulations, if circumstances have changed since the initial Loan Estimate was provided, a revised Loan Estimate must be sent to the borrower no more than three business days after the changed circumstance is received. The alert is triggered when the Changed Circumstance checkbox (field ID 3168) on the Loan Estimate Page 1 is selected and the current date is populated to the Changes Received Date (field ID 3165) on the Loan Estimate Page 1. By default, the alert is triggered three days before the Redisclose Due Date (field ID 3167). The alert displays on the Pipeline, the Alerts & Messages tab in the Log, and in a pop-up window when you save the loan. (Business days are determined the Our Company Calendar settings .) HUD-1 Tolerance Violated (2010 RESPA) To comply with RESPA tolerance regulations, these alerts are generated when there is a discrepancy between any of the GFE and HUD-1 values in the Charges that Cannot Increase section of the 2010 HUD-1 Page 3 form OR when the total of the Increase between GFE and HUD-1 Charges (field ID NEWHUD.X315) on the 2010 HUD-1 Page 3 form is more than 10%. The alerts display on the Pipeline, the Alerts & Messages tab in the Log, and at the top of the 2010 HUD-1 Page 3 page (the top of the page displays in red). Ability-to-Repay Loan Type Not Determined (ATR/QM) In accordance with the rule issued by the CFPB effective for applications on or after January 10, 2014 that prohibits lenders from making a loan without first considering and verifying a consumer's ability to repay the loan and establishes certain protections for creditors who make a "qualified mortgage", this alert is triggered when the Ability-to-Repay Loan Type (field ID QM.X23) has not been indicated on the ATR/QM Management form . (By default, this alert is triggered at the completion of the Approved milestone.) The alerts display on the Pipeline and on the Alerts & Messages tab in the Log. Qualified Mortgage Type Not Determined (ATR/QM) In accordance with the rule issued by the CFPB taking effective for applications on or after January 10, 2014 that prohibits lenders from making a loan without first considering and verifying a consumer's ability to repay the loan and establishes certain protections for creditors who make a "qualified mortgage", this alert is triggered when the Qualified Mortgage Loan Type (field ID QM.X24) has not been indicated on the ATR/QM Management form . (By default, this alert is triggered at the completion of the Approved milestone.) The alerts display on the Pipeline and on the Alerts & Messages tab in the Log. QM Safe Harbor Eligibility Not Determined (ATR/QM) In accordance with the rule issued by the CFPB effective for applications on or after January 10, 2014 that prohibits lenders from making a loan without first considering and verifying a consumer's ability to repay the loan and establishes certain protections for creditors who make a "qualified mortgage", this alert is triggered when the Is Loan Eligible for Safe Harbor? field (field ID QM.X25) has not been populated on the ATR/QM Management form . (By default, this alert is triggered at the completion of the Approved milestone.) The alerts display on the Pipeline and on the Alerts & Messages tab in the Log. Residual Income Assessment Recommended (ATR/QM) In accordance with the rule issued by the CFPB effective for applications on or after January 10, 2014 that prohibits lenders from making a loan without first considering and verifying a consumer's ability to repay the loan and establishes certain protections for creditors who make a "qualified mortgage", this alert is triggered when the Ability-to-Repay Loan Type (field ID QM.X23) is Qualified Mortgage , but it is not eligible for Safe Harbor (field ID QM.X23) OR the Ability-to-Repay Loan Type is General ATR . This alert recommends a residual income assessment. As the CFPB has not issued official guidelines or requirements for residual income, this alert is a recommendation only and does need to be addressed or cleared in order for the loan to qualify as a qualified mortgage. (By default, this alert is triggered at the completion of the Approved milestone.) The alerts display on the Pipeline and on the Alerts & Messages tab in the Log. General QM DTI Exceeded (ATR/QM) In accordance with the rule issued by the CFPB effective for applications on or after January 10, 2014 that prohibits lenders from making a loan without first considering and verifying a consumer's ability to repay the loan and establishes certain protections for creditors who make a "qualified mortgage", this alert is triggered when the loan's Debt-to-Income (DTI) ratio (field ID QM.X119) exceeds the limit for a General Qualified Mortgage. CFPB states DTI must be less than or equal to 43% to meet General QM standard. THis alert is applicable only for loans in which the Use Price-Based General QM option (field ID QM.X383) is not used. The alerts display on the Pipeline and on the Alerts & Messages tab in the Log. General QM Loan Feature Violation (ATR/QM) In accordance with the rule issued by the CFPB effective for applications on or after January 10, 2014 that prohibits lenders from making a loan without first considering and verifying a consumer's ability to repay the loan and establishes certain protections for creditors who make a "qualified mortgage", this alert is triggered when loan repayment data does not meet the standards for a General Qualified Mortgage. The data entered in the Interest Only (field ID 2982), Prepayment Penalty Period (field ID RE88395.X316), Prepayment Penalty (field ID QM.X112), and The result of Points & Fees Test does not exceed the threshold for Qualified Mortgages (field ID (QM.X124) fields on the ATR/QM Management form's Qualification tab and the Even if you make pmts on time, can your loan balance rise (field ID NEWHUD.X6) and Does your loan have a balloon payment (field ID 1659) fields on the 2010 GFE can trigger this alert. The alerts display on the Pipeline and on the Alerts & Messages tab in the Log. General QM Price Limit Exceeded This alert is set up by default to trigger when the loan pricing exceeds the limit for General Qualified Mortgage (QM) and the Use Price-Based General QM option (field ID QM.X383) is used. The Use Price-Based General QM option is a loan-level editable checkbox that can be used to override the Use Price Based General QM Definition Date policy setting in the Encompass Admin Tools, which determines when the old DTI-based test is disabled and the new price-based QM APOR test is enabled. The checkbox enables Encompass users to clear the checkbox to use the old DTI-based test during the optional period after the date set in the Admin Tools, but prior to the mandatory date (10/1/2022) for the new price-based rule. The alerts display on the Pipeline and on the Alerts & Messages tab in the Log. Ability-to-Repay Exemption Reason Not Determined (ATR/QM) In accordance with the rule issued by the CFPB effective for applications on or after January 10, 2014 that prohibits lenders from making a loan without first considering and verifying a consumer's ability to repay the loan and establishes certain protections for creditors who make a "qualified mortgage", this alert is triggered when an ATR/QM Exemption Eligibility option has not been indicated at the bottom of the ATR/QM Management form's ATR/QM Eligibility tab. The alerts display on the Pipeline and on the Alerts & Messages tab in the Log. AUS Data Discrepancy (ATR/QM) The AUS Tracking tool is used to document and track the results received from an Automated Underwriting System (AUS) such as DU and LP and ensure that the data in the loan file matches the data analyzed by the AUS when it returned its findings. The tool's Underwriting Decision History table is where you can create and track AUS decision records. Each record is a snapshot of the data analyzed by the AUS. The AUS Discrepancy alert is triggered when the AUS Recommendation field (field ID 1544) on the ATR/QM Management tool's Qualification tab is populated, and the data in any of the following Encompass fields does not match the data in the AUS snapshot: Field 2 does not match AUS.X16 (Details Total Loan Amount) Field 1821 does not match AUS.X16 (Details Total Loan Amount) Field 356 does not match AUS . X18 (Details Appraised Value) Field 3 does not match AUS.X19 (Details Note Rate) Field 1172 does not match AUS.X20 (Details Loan Type) Field 4 does not match AUS.X21 (Details Term) Field 608 does not match AUS.X22 (Details Amortization Type) Field 19 does not match AUS.X24 (Details Loan Purpose) Field CASASRN.X217 (Freddie Mac LTV) does not match AUS.X11 (Details LTV) Field CASASRN.X218 (Freddie Mac TLTV) does not match AUS.X12 (Details CLTV) Field 1389 does not match AUS . X41 (Details Total Mon |
