Encompass

"A very robust tool for loans officers and loan professionals when determining loan options and UW"

Vorteile: very flexible and customer service is very good. They are very attentive to requests and are able to timely rectify problems with viable solutions

Nachteile: Not enough conferences to attend. The conferences are a wealth of information and would like to see them more often

"Encompass Review by Mortgage Operations Professional"

Kommentare: Encompass is a solid tool for originating mortgage loans, especially when selling to FNMA or FHLMC. It provides convenience in terms of one place to keep all loan files, including those with adverse action notices and closed and sold loans. The functionality can take time to master, but it is simple enough once you know your way around.

Vorteile: It was a great tool for tracking loans from origination to closing and beyond. The disclosure tracking system ensures compliance with all applicable laws and regulations. The ability to run AUS, order appraisals, and obtain VOEs and other third-party documentation was convenient and efficient.

Nachteile: The formatting was a little archaic. The methods for searching were not always user friendly and it was hard to know if everything I was attempting to search for was being pulled up. Some forms could not be edited while certain windows were opened, which was inconvenient.

"Encompass does it all"

Kommentare: Origination software that organizes and maintains the file throughout the process. Allows for complete paperless offices.

Vorteile: The features that are most impactful is the ability for all levels of the loan process to be able to work on a file without security issues. Each department has its own permissions so there is no concern for file manipulation.

Nachteile: The number of features can be overwhelming for new users. It is complex and niche driven. It is very expensive so there isn't universal acceptance in the industry due to the barrier to entry for smaller shops.

"Good software but..."

Kommentare: I have used Encompass at several different companies. In each case, it is set up differently causing a huge learning curve. I realize that it is designed to be customizable to each company but it is TOO customizable. It needs to be more standardized because the admins who support it (as best they can) spend to much time chasing down problems and compliance issues. When a group of admins have had to create their on group online to discuss problems because they are not getting support from the company that's pretty bad. Apparently, the strength of this software is the servicing side which I am not familiar with. The origination side is clunky compared to Point, Genesis, Byte, Dorado and others I have used in my 33 years in the business.

Vorteile: Good on the servicing side

Nachteile: Software is too busy and visually unorganized and not user friendly or intuitive.

"Encompass or Caylyx?"

Kommentare: I give it an 8 out of 10. Encompass takes a while to learn, and if you are new to the industry - it can be a pain to learn this system and how to sell/the process

Vorteile: You might be wondering what LOS to use. I do recommend Encompass as it has many integrations with pricing and pulling credit. You can completely work in Encompass with minor use of a CRM.

Nachteile: I do like using a CRM often. It is great for keeping track, but you cant make any custom fields or access notes/convo log quickly.