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.

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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 your Encompass.

 

Configuration

 

  1. Once installed, open any loan in Encompass as an 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. The three buttons at the top let the user add, edit, or delete a loan comparison scenario. Clicking ‘Ok’ on this window will save the configurations to encompass. Please note, a restart of encompass will be need after any change to take effect.


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Scenario Builder Configuration

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.

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  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

The default setup will not include any filters by default. 

To add a new filter, select the green (+) on the right side of the comparison rows section. The Required Fields are:
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  1. Field
  2. Value
  3. Operator

Note: When joining a filter, the join must be placed on the prior filter (AND, OR)

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:

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  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.

        Note: When creating a number range comparison, Ranges can be configured to evaluate minimum, maximum, or minimum and maximum values.

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

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Each Column has the following:

Trigger Type - How the Snapshot is triggered for the column. A trigger type has the following types.  We currently only support these three types.

Milestone Completion - Triggered when Milestone is Complete

Encompass Field - Triggered when the Field ID changes

Lock Confirmation - Triggered when Lock is Confirmed

Column Validation Field - A Custom Field that will be marked with an "X" when at least one of the fields in said column does not match the Current Value.

Override Personas - Personas that have access to perform an Override Snapshot to Confirm Changes if the current values are acceptable.

Note: For security purposes in mind, the Lender will have to edit each column and select the Personas to allow which users they want access to Confirm Changes.

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:

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


This product installs the following to encompass:
Forms
LTK - Loan Comparison Tool.emfrm


Assemblies
LTK-LoanComparisonPlugin.dll  v:21.2.2.4


Plugins
LTK-LoanComparisonPlugin.dll.dll  v:21.2.2.4


Custom Fields
CX.LT.LC.IA LC - Initial Approved Error 1
CX.LT.LC.LOCK LC - Lock Confirmation Error 1
CX.LCT.COMMENTS Comments section for Loan Comp 150
CX.LT.LC.FUND LC - Funded Error 1
CX.LC.LOG.ENTRY Loan Comparison Log 150
CX.LCT.SCENARIOSELECT Select Scenario 150
CX.LT.LC.FA LC - Final Approved Error 1
CX.LT.LC.LE.SENT LE Sent Error Field 1