Overview

Housing Event fields in Encompass, including foreclosure fields, are not borrower-specific. These fields apply to the loan in general rather than being tied to any individual borrower.

Key Points

Loan-Level Application

• Housing Event fields apply to the entire loan
• They are used for pricing eligibility purposes
• Information from any borrower's foreclosure history will populate these fields for the whole loan

Field Types in Encompass

Encompass contains two types of fields: - Borrower-pair specific fields - tied to individual borrowers - Loan-level fields - apply to the entire loan (Housing Event fields fall into this category)

Impact on Processing

When one borrower has a foreclosure on record, the Housing Event fields will reflect this information for pricing purposes, even if other borrowers on the loan do not have foreclosure history.