Knowledge Base

Purpose

The Loan Comparison Tool in Lender Toolkit’s PowerTools™ is a powerful tool that listens for field changes and events during the loan process and alerts when differences are found.

Activation / Installation

 Activation

1. Login to Encompass^® as a super admin, open "LTK PowerTools..." from the Encompass^® menu, and click the "Settings" button on the top right.
   
2. Click the "PowerTools Optimized" tab.
   
3. Click the "ON" button next to Loan Comparison Tool. You will then receive a popup asking you if you'd like to install the Loan Comparison Tool package to Encompass^®. Click "Yes" and once installed, click "OK" to confirm installation.
   
4. Restart Encompass^®.
   

Configuration

1. Once installed, open any loan as a Super Admin (preferably a test loan) and go to the "LTK - Loan Comparison" input form.
   
2. Click the "Admin Settings" button at the bottom of the form.
   Note: This button is only available to Super Administrators.

Admin Settings

The settings window is the location where loan comparison scenarios can be viewed, added, edited, or deleted.  Access to the "Admin Settings" is limited to users with the Super Administrator persona.

The Scenario Builder is comprised of four main sections. Scenario Name, Filters, Comparison Rows and Comparison Columns. Each configuration drives what is rendered on the LTK – Loan Comparison Tool, a custom EllieMae input form. Each section is explained below.

1. Scenario Name: This section contains an editable field where a name can be given to each scenario, and a unique identifier.
   
2. Filters: In this section users can add several loan field filters, or none. These filters will tell the LTK-Loan Comparison Tool what scenarios are available to be selected and rendered. Users can click on the add, edit, and delete buttons at the top of the section to edit.
   
3. Comparison Rows: The Comparison rows settings tell the Loan Comparison tool what rows to render on the Loan Comparison input form grid, and when to display a discrepancy in data (highlighted red). Users can click on the add, edit, and delete buttons at the top of the section to edit.
   
4. Comparison Columns: Comparison columns settings control when loan data is saved for comparing and column rendering on the Loan Comparison input form grid. Users can click on the add, edit, and delete buttons at the top of the section to edit.
   

Setting up Filters

1. Field
   
2. Value
   
3. Operator
   

Setting up Comparison Rows

The Default Setup will introduce a default set of comparison rows.

To add a new comparison rows, select the green (+) on the right side of the comparison rows section. The Required Fields are:

1. Display Text
   
2. Show As
   
3. Field
   

To add a Range to a field, check "Compare As" checkbox.  This will enable the Range feature. Choose either a Percentage, Decimal, Integer, for number comparisons or Equals or contains for string comparison. Type in a range.

1. To evaluate only a minimum value of a range, prefix the number with a -.
   
2. 
   
3. To evaluate only a maximum value of a range, prefix the number with a +.
   
4. 
   
5. To evaluate both, simply do not add a prefix.
   
6. 
   
7.  You may also choose to select a specific highlight color for the error.
   

When completed, the Loan Comparison tool will highlight discrepancies that fall outside the designated range. 

Example: If user selects Percentage and types in 3 with no + or - prefix, then it will check if the current value is 3% below or above the snapshot value.

Setting up Comparison Columns

The Default Setup will introduce a default set of comparison columns.

Each Column has the following:

To add a new comparison column, select the green (+) on the right of the comparison columns section. The following fields are required to save the new column:

1. Display Text
   
2. Trigger Type
   
3. Column Validation Field