Encompass Compliance Services
Our Encompass compliance services ensure your loan origination platform operates at peak compliance and performance. Whether it is helping lenders to follow Federal regulations or sync all lending operations with state-specific rules, we have you covered to reduce compliance risks and maintain consistency across the entire loan process. Our experts offering Encompass compliance management guarantee that you can close loans faster while staying fully compliant.
Talk to an Encompass Compliance Specialist
Why Does Mortgage Compliance Matters in Encompass?
There are strict regulations that govern how a mortgage lender operates. Mortgage lenders frequently see regulation changes in three areas: disclosure requirements for borrowers, borrower safety features, and compliance standards. The absence of automated LOS workflows causes mortgage compliance errors that result in loan closing delays ranging from 20 to 30 percent.
Mortgage lenders have continuously improved their operational accuracy through an ongoing compliance assessment process. The Encompass System provides lenders with the best performance in the light of these critical services: a) accurate audit preparation; b) minimized delays; and c) reduced penalty costs.
We create borrower trust through transparent lending practices that comply with current regulations, while boosting lending efficiencies and supporting sustainable development.
Our Encompass Compliance Solutions
We work closely with you to establish customized Encompass compliance solutions to help you achieve regulatory compliance and optimize the loan process.
Workflow Automation & Task Management
Using the Encompass software, your organization can automates work processes to perform compliance-based tasks during multiple phases of the life of a loan. Automated assignment of tasks, reminders, and validation processes enables all lending areas to deliver a consistent system throughout.
Custom Reporting Dashboards & Business Rules
Our team has created customized dashboards and business rules that allow lenders to monitor the compliance process. The dashboards provide visibility to the lender for compliance issues, loan status, and different regulatory checks. Absence of these can disrupt borrower timelines and trigger regulatory inspections.
CRM, POS & Document Management Integrations
Encompass allows us to seamlessly integrate with Document Management, CRM, and POS systems. The complete loan origination process of your business will benefit from our compliance solutions which work together with our Encompass customization services.
Automated Alerts and Compliance Checks
Automated compliance alerts and validation checks contain many features such as rule-based triggers and system alerts that will ensure critical compliance tasks in Encompass are completed in a timely manner. This kind of automated compliance alert and validation check gives lenders assurance to meet regulatory needs and a transparent compliance process.
Compliance Rule Configuration
We develop Encompass business rules via milestone triggers and field validation to guarantee thorough compliance on every loan application. Eventually the automation of loans reduces errors during the loan process and will provide compliance with the compulsory regulations.
Disclosure and Documentation Compliance
Our system provides borrowers with all the necessary disclosures and documents as per the federal and state regulations. This along with the utilization of automated verification and the organization of records will offer accurate auditing and assurance of compliance by aligning with current regulatory needs.
Your Ultimate Encompass Compliance Partner
Let Us Handle Compliance So You Can Focus on Growth
Benefits of Our Encompass Compliance Services
Our Encompass compliance services will help provide lenders with smoother compliance, reduced errors, faster turn times for loan processing, and improved operational efficiencies.
- Faster Loan Processing - Automating the checking of documents and identity for compliance purposes through the streamlined regulatory process. Encompass compliance automation enables lenders to process loans faster because it handles all required regulatory checks, validations and disclosure processes.
- Better Team Productivity & Reporting - With our mortgage compliance services, we ensure the monitored compliance activity through comprehensive reporting tools and dashboards that allow managers to monitor productivity and compliance risk with extreme accuracy and detail.
- Reduced Manual Workload - With the ability to complete many of the regulatory checks and process automated validations, the Encompass LOS system decreases the need for manual compliance work because it automatically validates procedures and manages operational processes.
- Enhanced Audit Preparedness - The organization should have a complete and organized audit trail system that needs to be maintained at all stages of work on each loan file. We ensure that with our Encompass compliance management system it becomes convenient to cater all compliance needs, including compliance requirements for external or internal audits.
- Reduced Compliance Risks - By implementing all compliance rules as an expert, we establish a structured compliance framework within Encompass to provide some level of assurance that lenders will not cause any liability.
- Seamless Integration with Other Systems - Our Encompass system integrates with CRM systems, POS systems, and document management systems to improve your operation’s efficiency. We make sure that we minimize the amount of duplicated data entry and provide accurate documentation.
How We Work
Leveraging Encompass Compliance Client Wins
Enhancing workflows and compliance in order for lenders to expedite loan closings while maintaining their ability to remain rationally compliant.
Automating Compliance Checks
Validation of the regulations will take place through a systematically driven process at every stage during the course of processing the loan.
Streamlining Loan Workflows
The structured Encompass compliance automation workflow enables lenders to process loans more efficiently while decreasing their total processing time.
Data Management Integration
Having a connected Encompass compliance management system to retain accurate borrower and loan data will help eliminate unwanted efforts and create a consistent operational environment.
Process Visibility in Real Time
The use of dashboards and alerting will facilitate immediate understanding and awareness of where the loan stands in its lifecycle and will provide a means to improve decision making.
Why Choose Our Encompass Compliance Experts?
Trust our experts as they simplify compliance, optimize your workflow, and achieve regulatory compliance. We are experts at:
Certified Encompass Consultants
Our certified Encompass consultants have in-depth knowledge of the full capabilities of the Encompass platform to configure your system properly for regulatory compliance and optimize the loan processing.
Mortgage Technology Expertise
We have a team of experts who have extensive knowledge of mortgage technology to help lenders best take advantage of Encompass compliance software while being able to comply with regulatory requirements.
Custom Automation Solutions
Our team of experts designs unique automation workflows and compliance checks that are customized to fit your lending process. We aim to improve operational efficiency by reducing manual effort.
Proven Mortgage Industry Experience
We have extensive hands-on experience working within the mortgage industry. Our focus is at understanding the compliance issues and operational workflows that will help strengthen compliance, as well as streamline the loan processing.
Common Compliance Challenges Mortgage Lenders Face
Manual compliance checks
Many lenders these days still depend on doing everything manually to remain compliant with regulations and verify the information they disclose. This practice gives rise to more human errors, making the process of processing loans longer, and causing problems in operations.
Documentation and Audit Preparation
Preparing for a compliance audit requires organizations to gather a lot of documents as well as check the loan file. Because lenders lack a way to organize their documents, they are unable to provide timely or reliable evidence of compliance to regulators. Our compliance configurations prepare lenders for internal and regulatory audits by maintaining a clear audit trail across every loan file.
Frequent regulatory updates
Regulatory agencies at both the federal and state levels are regularly updating the rules and regulations that govern mortgage lenders. As there are no automated systems for maintaining current regulatory compliance information, this makes it increasingly difficult to maintain up-to-date systems, disclosures and operational procedures.
Workflow inconsistencies
Due to the lack of standardization in the processes used by organizations to manage the mortgage lending process, organizations are experiencing increased difficulties with complying with regulations. When these non-automated workflows are combined with workflows, this results in delays.
Our Encompass Compliance Implementation Process
We provide a structured process to ensure that you have everything in place before you begin using Encompass. This includes a number of steps that include:
Compliance System Assessment
At first, the compliance systems of the lenders are analyzed to identify any gaps, inefficiencies, and/or regulatory risks.
Workflow & Business Rule Configuration
Our team develops Encompass business rules and milestone triggers and field validations to maintain compliance throughout the entire loan process.
Automation Setup & Integrations
Our consultants configure automation features and integrate Encompass with the lender's CRM, POS, and document management systems using secure APIs that connect with third-party compliance tools and credit platforms.
Data Migration & Validation
Our consultants handle the migration process while validating essential loan data and compliance configuration data to maintain regulatory standards.
Final Testing, Staff Training & Go-Live
Before going live with the program, our expert consultants test the system, provide training to the Client's staff related to compliance workflows in Encompass.
How Do We Ensure Smooth Encompass LOS Performance?
Technologies We Use to Scale Encompass Compliance
We use the most reliable and data-driven tools to streamline mortgage workflows and maintain accurate, regulation-ready loan processing.
- Mortgage Technology Encompass
- DocuSign
- Zapier/Workflow automation tools
- Compliance Review
- Compliance Alerts
- RegZ tests
OUR COLLECTION OF INNOVATIVE TOOLS
Our Hand-Crafted Tools, Plugins & Solutions Make Your Encompass® Instance Better
AN ABUNDANCE OF TECHNOLOGICAL DELIGHTS
Discover the transformative power of these incredible tools that fit into your loan-originating system. Built with security and compliance in mind, our Encompass® tools and plugins adhere to industry standards to safeguard sensitive loan data.
MORTGAGE AUTOMATION SPECIALISTS ALWAYS BY YOUR SIDE
Happy customers: Our kerosine to do more and better
Looking For Something Else?
Find answers to common questions about our Encompass Compliance services
Encompass Compliance Management uses Encompass to automate mortgage regulatory compliance by ensuring that all workflows, validations and documents comply with Federal and State regulations.
Encompass creates automated systems which conduct validations and provide alerts and handle disclosures. This prevents manual errors while ensuring completion of all loan processing steps.
The Encompass platform covers TILA, RESPA, TRID disclosures, HMDA reporting, and state-specific regulations.
Updates require review with each regulatory change or quarterly at the very least. This will ensure that you remain compliant with current regulations and that there is less risk of audit exposure.
Yes. It is part of our Encompass compliance services. We provide regular support to assist you in maintaining workflows, updating policies, and solving compliance problems.
If there’s anything else you’d like to know about Encompass Compliance, feel free to reach out.
Mortgage Loan Origination Systems We Serve
