August 2024
4 months ago by Akhilesh
Release Notes
In this release, we've introduced a self-service taxonomy mapping tool and extended support for new Classify and Capture documents.
What's new?
Self-service taxonomy mapping tool
eFolder mapping
We are excited to announce the release of a new self-service taxonomy tool within the Ocrolus Dashboard. This tool enables mortgage lenders to manage their document mapping for the Encompass integration utilizing the Classify capability independently, streamlining the process and enhancing flexibility.
Highlights
- Reduced Implementation Time: Lenders can now set up and adjust their taxonomy mappings more efficiently through an easy-to-use interface, leading to faster implementation times.
- Increased Accuracy: By eliminating manual processes, the tool reduces the chances of errors in document eFolder mapping.
- Greater Control: Lenders have full control over their document organization, leading to a more customized and efficient workflow.
Note
An Encompass Admin will need to request a login from their Account Manager to access the Dashboard and configure the taxonomy mapping.
To learn more, see the self-service taxonomy mapping tool section.
Classify and Capture
New Classify and Capture supported documents
The Classify and Capture supports are enabled for the following newly onboarded documents:
Income/Employment
Tax forms
To learn more, see the All Supported Documents page.
Classify
New Classify-specific documents support
Classify support is now extended for the various documents. Click the category name below to expand/collapse the list of newly supported documents:
Disclosure
- Acknowledgment of Receipt of Homeownership Counseling Notice
- Acknowledgment of Receipt of RESPA's Homeownership Counseling Organizations List
- Acknowledgment of Receipt of Your Home Loan Toolkit
- Affiliated Business Arrangement Disclosure Agreement
- Affiliated Business Arrangement Disclosure Statement
- Anti-Steering Loan Options Disclosure
- Disclosure Notices
- Disclosure Tracking Details
- Electronic Disclosure and Consent Agreement
- FHA/VA Notice to Applicants
- Important Information for Property Owners
- Important Privacy Choices for Consumers
- Marital Property Application Disclosure
- Mortgage Brokerage Agreement and Application Fee Disclosure
- Notice Concerning Extensions of Credit
- Notice Concerning Refinance of Existing Home Equity Loan to Non-Home Equity Loan
- Notice of Incomplete Application
- Notice of Information And Examples of Amortization Of Home Loans
- Notice of Penalties For Making False or Misleading Statement
- Notice of Required Flood Insurance Determination and Related Notice Information
- Notice of Right to Receive Copy of Written Appraisal or Valuation
- Notice of Servicing Transfer
- Notice to Purchasers (Buyers)
- Payment Rights Notice
- Pre-Application Disclosure and Fee Agreement
- Private Mortgage Insurance Disclosure - Fixed Rate Mortgage
- Reverse Mortgage Counseling Notice
- Reverse Mortgage Interest Disclosure
- Right to Choose Insurance Provider Disclosure
- Seller's Property Disclosure - Residential
- Servicing Disclosure Statement
- Tangible Net Benefit Disclosure
- Taxpayer Consent Form
- Technology Consent Agreement
- The Housing Financial Discrimination Act of 1977 Fair Lending Notice
- Truth In Lending Act (TILA) Disclosure
- Verbal Credit Authorization Certification
Identification
- Social Security Number Certification
Income/Employment
- Employment and Other Income Worksheet
- Release of Employee's Information Form
Legal
- Affidavit of Heirship
- Affidavit of Understanding and Indemnity and Hold Harmless Agreement
- Agreement Concerning Nonrefundability of Advance Fee
- Applicant Compliance Agreement
- Assignment of Deed of Trust
- Bankruptcy Search
- Certificate of Non-Influence And Compliance
- Certificate of Notice
- Declaration of Covenants
- Electronic Consent Agreement
- Esign Process Summary
- Grant Deed
- Intent to Issue Contract
- Lawyers Professional Liability Insurance
- Official Form 106C - Schedule C: The Property You Claim as Exempt
- Official Form 106D - Schedule D: Creditors Who Have Claims Secured by Property
- Official Form 106I - Schedule I: Your Income
- Official Form 106Sum - Summary of Your Assets and Liabilities and Certain Statistical Information
- Official Form 122A-2 - Chapter 7 Means Test Calculation
- Official Form 122C-1 - Chapter 13 Statement of Your Current Monthly Income and Calculation of Commitment Period
- Official Form 122C-2 - Chapter 13 Calculation of Your Disposable Income
- Owner's Affidavit
Mortgage specific forms
- 1009 - Addendum to Residential Loan Application
- 1009 - Residential Loan Application for Reverse Mortgages
- Ability to Repay Worksheet
- Appraisal Waiver/Receipt Form
- Approved Loan Notification
- Assignment of Mortgage
- Borrower Authorization
- Borrower Debt Certification
- Borrower Signature Authorization
- Buyer's Estimated Settlement Statement
- Clear-To-Close Notification
- Commitment Agreement
- Documentation Checklist
- DU (Desktop Underwriter) Underwriting Findings
- EarlyCheck Loan-Level Results
- Escrow Waiver
- FHA Application of Unused Escrow Funds Authorization
- Final Seller's Statement
- Final Settlement Statement
- Form 3170 - Multistate 1-4 Family Rider
- Form 465 Or 1073 - Individual Condominium Unit Appraisal Report
- Form 71 Or 1004MC - Market Conditions Addendum to The Appraisal Report
- Form 72 Or 1025 - Small Residential Income Property Appraisal Report
- Good Faith Estimate (HUD-GFE)
- Home Equity Theft Prevention Act Affidavit
- HUD-92561 - Borrower's Contract with respect to Hotel And Transient Use Of Property
- HUD-92700-A 203 (K) - Borrower's Acknowledgement
- HUD-9746-A - Draw Request
- Instructions to Escrow Title Closing Agent
- Lender's Notice of Value
- Loan Approval Form
- Loan Approval Letter
- Loan Closing Advisor Feedback Certificate
- Loan Closing Advisor Loan Assessment Summary
- Loan Disbursement Instructions
- Loan Estimate Summary & Fee Itemization
- Loan Product Advisor Property Valuation Disclosure Form
- Occupancy and Financial Statement
- Private Mortgage Insurance Cancellation/Termination Data Sheet
- Real Estate Appraisers Errors and Omissions Insurance Policy Declarations
- Refinance Certification
- Request for Fair Lending Information
- Second Mortgage Application Checklist
- Standard 203(K) Purchase Transaction - Maximum Mortgage Calculation
- Standard Lender Questionnaire
- Supplemental Escrow Instructions And General Provisions
- UCD Findings Report
- Uniform Appraisal Dataset (UAD) Definitions Addendum
- VA 26-1820 - Report And Certification of Loan Disbursement
- VA 26-8261A - Request For Certificate of Veteran Status
- VA Amendment to Sales Contract
- Vesting Form
- Worksheet for Calculating Rental Income From Tax Returns
Other
- Billing Statement
- Fax Cover Sheet
- Feasibility Report
- Liquidity Worksheet
- Name Search Result
- Patriot or OFAC Search
- Supplemental Addendum
- USPS Address Verification
- Voluntary Information for Government Monitoring Purposes
Property
- ALTA Settlement Statement - Combined
- ALTA Settlement Statement - Borrower/Buyer
- Bid on Repairs
- Certificate of Occupancy
- Chain of Title
- Condition Checklist
- Condominium Management Services Agreement
- Emergency Repairs Violation Search
- FEMA Disaster Search Results
- FHA Homeowner/Contractor Agreement
- Flood Insurance Policy Declarations
- Fraud Alert Verification Form
- Grant of Easements For Solar Energy Equipment
- Hazard Insurance Disclosure
- Hazard Insurance Endorsement Letter
- Lien Certificate
- Property Details And Inspection
- Property Tax Disclosure Report
- RD 3550-6 - Notice of Special Flood Hazards and Availability of Federal Disaster Relief Assistance
- Settlement Certification
- Sewer Report
- Smoke Alarm Affidavit
- Specification of Repairs
- Water Inspection Report
Tax forms
- 1040 - AMT Passive Activity and Loss Limit Adjustment Worksheet
- 1040 - Broker Reconciliation Worksheet
- 1040 - Capital Loss Carryover Worksheets
- 1040 - Carryover Report
- 1040 - Client-Specific Billing Options
- 1040 - Federal Tax Projection Worksheet
- 1040 - Partner's Basis Worksheet
- 1040 - Rent and Royalty Reconciliation
- 1040 - Tax Return History Report
- 1040 - K-1 Detail Summary Report
- 1040 - K-1 Reconciliation Worksheet
- 1065 - 199A Statement A Summary
- 1120S - Future Depreciation Report
- 1125-A
- 199A - Worksheet by Activity
- 4952 - Investment Income Worksheet
- Schedule E - K-1 Reconciliation Worksheet - Qualified Business Income
- Schedule E - Qualified Business Income Calculation Worksheet
To learn more, see the All Supported Documents page.