Encompass Workflow - Initial Conventional Underwrite
Kristen Snethen
125 steps
37 minutes
Encompass
Microsoft Excel
1
Double-click here to select the file to underwrite
2
Click "Mikalyn Vandeven"
3
Click "Mikalyn Vandeven" Check for multiple borrower pairs
4
Click here
5
Double-click here
6
Review documents like you would in mbot
7
Click "Close"
8
Repeat for each document that needs reviewed
9
One all documents have been reviewed exit
10
Click "Close"
11
Click here
12
Click "Forms"
13
Click "Show All"
14
Click "1003 URLA - Lender"
15
Click "356: The appraised value of the subject property."
16
Click "230: The proposed/estimated monthly hazard insurance premium. Click the Edit icon (if available) to calculate the value."
17
Click "1405: The proposed/estimated monthly real estate tax payment. On the 1003 (pg 2) and the FNMA Streamlined 1003 forms, click the Edit icon to cal..."
18
Click here
19
Click "The description must have the word "tax" to be included in the Total Tax."
20
Click "OK"
21
Click here
22
For Seller Credits
23
For earnest money
24
Click "1003 URLA Part 1"
25
Click "1003 URLA Part 2"
26
Triple-click "FE0119: The borrower's current monthly base pay."
27
Click here
28
Click here
29
Click "Base Income For"
30
Click "Base Income For"
31
Click "OK"
32
Click here
33
For any non-employment income
34
Click here
35
Click here
36
Click here
37
Click "URLAROIS0122"
38
Click here
39
Click "1003 URLA Part 3"
40
Click "DD0148: The cash or market value of the account."
41
Click "DD0248: The cash or market value of the account."
42
Click "DD0348: The cash or market value of the account."
43
Click here
44
Enter earnest money, proceeds from sale or other assets as needed
45
Click here
46
Click "URLAROA0103: The cash or market value of the asset."
47
Click here
48
Click "Show all VOL"
49
Click "Maximize"
50
Click here
51
Click "Close"
52
Enter child support or other liabilities not on credit report
53
Click here
54
Click "URLAROL0103: Enter the monthly amount of the liability."
55
Click here
56
Click "1003 URLA Part 4"
57
Enter any gifts
58
Click here
59
Click here
60
Click here
61
Click "URLARGG0121"
62
Click here
63
Click here
64
Click "Services"
65
Click "Underwriting"
66
Click "Freddie Mac's Loan Product Advisor System to System"
67
Click "Submit"
68
Click "Submit"
69
Click "View Feedback Certificate"
70
Click "Close"
71
Click "Tools"
72
Click "MI Center"
73
If you have MI this will be populated and you can review quotes
74
Click "Forms"
75
Click "Freddie Mac Additional Data"
76
Change Freddie Mac loan codes, Fannie Mae on corresponding page
77
Click here
78
Click here
79
Click here
80
Click "Conditions"
81
Click here
82
Click "OK"
83
Click here
84
Press [[Tab]]
85
Click here
86
Click "Add"
87
Click "Source"
88
Click "Internal ID" Add verbiage for the condition, make sure to update the internal and external boxes
89
Click here - repeat for all conditions
90
Click "OK"
91
Click here
92
Click here
93
Click here
94
Click "Add"
95
Click "Source"
96
Click "Close"
97
Click "Documents"
98
Click "File Manager"
99
Click "Select a file above and drag it to a document below"
100
Click "Select a file above and drag it to a document below"
101
Click here
102
Click here
103
Click here
104
Click here
105
Click here
106
Click "Maximize"
107
Click "Close"
108
Click here
109
Click here
110
Click here
111
Click "12/23/2025"
112
Click "Loan Processor"
113
Click "Loan Processor"
114
Click here
115
Click "OK"
116
Click "12/23/2025"
117
Click "Documents"
118
Click "Loan Processor"
119
Click here
120
Click "OK"
121
Click "Finished"
122
Click here
123
Step
124
Click "Borrowers"
125
Click "Yes"
Encompass Workflow - Initial Conventional Underwrite
Kristen Snethen
125 steps
37 minutes
Encompass
Microsoft Excel
1
Double-click here to select the file to underwrite
2
Click "Mikalyn Vandeven"
3
Click "Mikalyn Vandeven" Check for multiple borrower pairs
4
Click here
5
Double-click here
6
Review documents like you would in mbot
7
Click "Close"
8
Repeat for each document that needs reviewed
9
One all documents have been reviewed exit
10
Click "Close"
11
Click here
12
Click "Forms"
13
Click "Show All"
14
Click "1003 URLA - Lender"
15
Click "356: The appraised value of the subject property."
16
Click "230: The proposed/estimated monthly hazard insurance premium. Click the Edit icon (if available) to calculate the value."
17
Click "1405: The proposed/estimated monthly real estate tax payment. On the 1003 (pg 2) and the FNMA Streamlined 1003 forms, click the Edit icon to cal..."
18
Click here
19
Click "The description must have the word "tax" to be included in the Total Tax."
20
Click "OK"
21
Click here
22
For Seller Credits
23
For earnest money
24
Click "1003 URLA Part 1"
25
Click "1003 URLA Part 2"
26
Triple-click "FE0119: The borrower's current monthly base pay."
27
Click here
28
Click here
29
Click "Base Income For"
30
Click "Base Income For"
31
Click "OK"
32
Click here
33
For any non-employment income
34
Click here
35
Click here
36
Click here
37
Click "URLAROIS0122"
38
Click here
39
Click "1003 URLA Part 3"
40
Click "DD0148: The cash or market value of the account."
41
Click "DD0248: The cash or market value of the account."
42
Click "DD0348: The cash or market value of the account."
43
Click here
44
Enter earnest money, proceeds from sale or other assets as needed
45
Click here
46
Click "URLAROA0103: The cash or market value of the asset."
47
Click here
48
Click "Show all VOL"
49
Click "Maximize"
50
Click here
51
Click "Close"
52
Enter child support or other liabilities not on credit report
53
Click here
54
Click "URLAROL0103: Enter the monthly amount of the liability."
55
Click here
56
Click "1003 URLA Part 4"
57
Enter any gifts
58
Click here
59
Click here
60
Click here
61
Click "URLARGG0121"
62
Click here
63
Click here
64
Click "Services"
65
Click "Underwriting"
66
Click "Freddie Mac's Loan Product Advisor System to System"
67
Click "Submit"
68
Click "Submit"
69
Click "View Feedback Certificate"
70
Click "Close"
71
Click "Tools"
72
Click "MI Center"
73
If you have MI this will be populated and you can review quotes
74
Click "Forms"
75
Click "Freddie Mac Additional Data"
76
Change Freddie Mac loan codes, Fannie Mae on corresponding page
77
Click here
78
Click here
79
Click here
80
Click "Conditions"
81
Click here
82
Click "OK"
83
Click here
84
Press [[Tab]]
85
Click here
86
Click "Add"
87
Click "Source"
88
Click "Internal ID" Add verbiage for the condition, make sure to update the internal and external boxes
89
Click here - repeat for all conditions
90
Click "OK"
91
Click here
92
Click here
93
Click here
94
Click "Add"
95
Click "Source"
96
Click "Close"
97
Click "Documents"
98
Click "File Manager"
99
Click "Select a file above and drag it to a document below"
100
Click "Select a file above and drag it to a document below"
101
Click here
102
Click here
103
Click here
104
Click here
105
Click here
106
Click "Maximize"
107
Click "Close"
108
Click here
109
Click here
110
Click here
111
Click "12/23/2025"
112
Click "Loan Processor"
113
Click "Loan Processor"
114
Click here
115
Click "OK"
116
Click "12/23/2025"
117
Click "Documents"
118
Click "Loan Processor"
119
Click here
120
Click "OK"
121
Click "Finished"
122
Click here
123
Step
124
Click "Borrowers"
125
Click "Yes"
