Description:
How do you import credit liabilities to Encompass?
Steps to resolve:
Credit Liabilities is not an automatic process, and will require a few steps by the loan officer.
Encompass:
- To import credit liabilities in Encompass, go to the Borrower Summary Form in Encompass.
- From here, click on "Import Liabilities".
-
The Loan Officer can then modify the liabilities from the Credit Report. Once all adjustments have been made, they can click on the "Import" button to finalize the process.
- The Borrower/Co-borrower designation dropdown's will not populate once imported, these must be filled out manually. Then press “import” to finalize.
Solution:
Credit Liabilities are now imported to the Encompass loan file. Currently this is a manual process, however future design may include automatic liability imports.
Additional resources:
- Example process:
see attachment below - Credit reference number will not populate into credit order screens or when running DU/LPA or modifying the credit report after importing liabilities. These will need manually added.
- Please be sure you are on plugin 23.7 release or higher