Encompass Quick Reference Guide: The Closing Process
The Encompass Docs Solution lets you audit, order, and receive Closing documents using a single source of information, without leaving Encompass . After Closing documents are returned, the closer can view, print, and send the document package. For more detailed information, refer to The Closing Process topic in the Encompass online help or view the Using the Encompass Docs Solution white paper in the Encompass Documentation Library. Complete and Review the Closing FormsRequirements for completing Closing forms vary from loan to loan, but you must complete the basic actions listed below before ordering Closing Review the Closing document data, select a Plan Code, review the Alt. Lender, Disclosure Information, and Loan Information sections, and review or complete the mortgage insurance information based on your company's Information Vesting - Enter borrower information and define ownership rights in the property, enter corporation/trust information, and create the vesting statement used in loan Vendor Information Review the Lender, Title Insurance Company, and Docs Prepared by sections to ensure information is exactly as you want it to display on Closing Property Information Complete information in the Subject Property, Prelim Information, Manufactured Housing Details, Renewal and Extension Escrow Account Estimate the activi
Process Audit, Order, and Send Documents Audit the forms for any remaining issues, and then order the closing documents. 1. On the RegZ-CD, click the Audit button, select Preview, and then click OK. 2. On the Closing Docs Audit window, select Closing for the Order Type, correct required data audit and compliance audit issues (in red).
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