Module 1: Introduction to Encompass

Encompass is a comprehensive software platform developed specifically for mortgage lenders. It serves as a central hub for managing the entire mortgage loan lifecycle, from application to closing. Encompass offers a range of tools and features that streamline and automate various processes, enabling lenders to efficiently originate, process, underwrite, and close mortgage loans.

One of the key functionalities of Encompass is its loan origination system (LOS), which allows lenders to collect and organize all the necessary information from borrowers when they apply for a mortgage. The LOS helps guide borrowers through the application process, ensuring that all required data is captured accurately and efficiently.

Encompass also facilitates the processing and underwriting stages of a mortgage loan. The system integrates with external data sources, such as credit bureaus and employment verification services, to verify and validate borrower information. It automates the workflow by assigning tasks to different individuals involved in the loan process, ensuring a smooth and efficient operation.

Another important feature of Encompass is its document management capabilities. It enables lenders to store, organize, and retrieve loan-related documents securely. This helps ensure compliance with regulations and makes it easier for lenders to track and audit loan files.

Encompass provides tools for pricing and rate management, allowing lenders to calculate and offer accurate mortgage rates to borrowers. It also supports the generation of various loan disclosures and documents required by regulators, such as the Loan Estimate and Closing Disclosure forms.

Additionally, Encompass offers reporting and analytics capabilities, providing lenders with insights into their loan portfolio, pipeline, and performance metrics. This helps lenders make informed decisions, identify trends, and improve their overall efficiency.

The Encompass instance that PMG MX uses is called ALINA.