Lender Toolkit Help Docs

Overview/Purpose

Lender Toolkit’s AI Underwriter™ provides functionality to automate the management of Preliminary & Underwriting conditions based on information in the loan file in real-time. AI Underwriter™ is capable of not only adding new conditions on initial underwrite, but also modifying existing conditions on re-submissions.

AI Underwriter™ includes LTK’s Document Data Import Engine which enables your system to be capable of automating underwriting conditions based on existing loan data (e.g., income and assets) and more than 1,000 Data points, including those found in: Credit Reports, Appraisals, SSR’s, DU/LP/Total Scorecard, and FHA Queries.

Condition Builder Install

Locate the AI Underwriter™ Install and double-click to open.

Condition Builder File

Windows Protected your PC pop-up appears, select More Info > Run Anyway.

Select Next.

Select Next again to select the installation folder.

Again, select Next to confirm installation.

Wait for the installation to complete > once complete, select Close.

Locate the file and add it as a shortcut to your desktop:

Compatibility Mode

We recommend working with your client’s IT department to set up administrator capabilities and download the needed software as running as Administrator every time it’s opened it calls itself out.

Ensure file is delivered through Teamwork – email delivery along with zip file delivery will be considered spam.

Sign into Administrator: Encompass Log In

AI Underwriter™ Conditions Builder Components

AI Underwriter comes pre-loaded with over 700 conditions that can be activated in the client’s instance of AI Underwriter™. Custom conditions can be easily added by permitted users using a familiar Encompass® report builder style. Custom conditions are managed on demand by a system administrator or other permitted users.

a. Condition categories by loan type – allows user to auto-filter loan type using field ID 1172

b. Search by marker or condition name – can also find words

c. Add a new condition –Custom Conditions only

d. Edit a condition –Custom Conditions only

e. Duplicate a condition

f. Delete a condition –Custom Conditions only

g. Enable or Disable specific conditions – applicable to any condition within.

h. Condition Builder Settings

General Settings
Milestone Settings
Role Settings
Condition Import Settings
Apply Settings (this applies only to the LTK server to recognize AIUW).

Components – Adding a Condition

a. Click here to import any Encompass condition that currently exists in the client’s Encompass environment.

b. Condition Name – what the condition will be named.

c. Condition Description – Provide a detailed description of the condition and action needed to complete it.

d. Documents - Encompass Documents attached to the condition.

e. Condition category, disposition, and owner responsible for clearing condition

f. Condition Marker – All conditions will be given a marker based on the condition function (Assets, Credit, Income, Loan, Misc. Property)

g. Proprietary tags assigned to condition

h. Processor Fixable Condition – Adds any condition to the Preliminary Conditions tab (if utilized). (Note: Users do not have the ability to change this condition once applied).

i. Import Required – Marks any condition with a mandatory import that cannot be changed by a user.

Components – Automated Condition Builder

a. Check this box to apply conditions to all borrower pairs

b. Search

c. Click here to open the Underwriting Condition Details

d. Required Imports – Credit Report, FNMA SSR, Bank Statements, W2, etc. (Recommended for custom integrations only)

e. Add a filter*

f. Edit a filter*

g. Copy a filter*

h. Delete a filter*

i. Change the filter joint – Toggle between And/Or*

j. Add parentheses to close a filter*

k. Move filter up or down – Toggle the filter up or down a list when multiple filters are applied*

l. Add/edit/delete actions when filters are met*

m. Add/edit/delete actions when filters are not met*

n. Add/edit/delete actions when a custom filter is met*

o. Save filters*

p. Refresh filters*

*These options only apply to a client’s custom conditions. They do not apply to LTK provided conditions.

Adding a Condition

Click the Paper/Plus icon.

The settings in the Add Condition popup are designed to mirror native Encompass settings for ease of use.

Complete the fields as they apply to the condition.

A unique Marker will generate for each custom condition. A letter indicating the subject of the condition and a number greater than 5000 will be assigned ex. {I-5004} – Income-5004.

Click Save.

Editing a Custom Condition

Click the Paper/Pencil icon – LTK Conditions cannot be edited.

In the Events and Actions section the conditions should be updated.

Importing Conditions

Click the Paper/Plus icon.

Click Import Condition from Encompass to access client specific conditions in their environment.

To access client specific conditions in the current environment.

The Import Condition from Encompass link will generate this screen, Encompass Condition Builder Viewer.

Use the search bar, sort, and locate the applicable condition then select and open to applicable condition.

An Import from Encompass screen generates – review the information listed is accurate.

The Import checkboxes on the left side of the pop-up will be checked automatically. If the user chooses not to import any of these selections, they should manually un-check, as desired.