submitting urla 2020 loans to lpa · 2020. 7. 29. · submitting urla 2020 loans to lpa . use the...

Submitting URLA 2020 Loans to Freddie Mac Loan Product Advisor

Last updated on: December 15, 2020

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Contents Prerequisites ............................................................................................................................. 3

Encompass Settings ................................................................................................................ 3

Set Up LPA Credentials in Services Password Management ....................................................... 3

Enable Access to URLA 2020 Input Forms ............................................................................... 6

Submit URLA 2020 Loans to LPA................................................................................................... 7

Select a Credit Report Option ................................................................................................... 9

Order a New Credit Report ................................................................................................... 9

Use Credit Report Number from an Existing Report ................................................................14

Submit Without a Credit Report ...........................................................................................16

After You Click Submit............................................................................................................17

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Use the instructions documented in this guide to submit URLA 2020 loans to Freddie Mac Loan Product Advisor’s (LPA) production environment.

Prerequisites The following conditions need to be met for your Encompass instance before you submit your URLA 2020 loans to LPA:

1. Encompass instance version 19.3 and later 2. Participation in Limited Production Period (LPP): If you are not approved by Freddie Mac to

participate in LPP in LPA Production, use the link to begin the approval process: https://singlefamily.fanniemae.com/media/22926/display

3. Set up LPA credentials in Services Password Management setting in Encompass Settings. 4. Provide user-access to URLA 2020 input forms.

Encompass Settings Authorized users with access to Encompass Settings need to configure the settings for the following:

o Set up LPA login credentials o Enable Access to URLA 2020 input forms

Set Up LPA Credentials in Services Password Management Use the Services Password Management tool to set up login credentials for your Encompass users for submitting URLA 2020 loan data to LPA.

To Add an LPA Account:

1. On the menu bar, click Encompass, and then click Settings. 2. On the left panel, click Company/User Setup, and then click Services Password Management. 3. Click the New icon. 4. On the Account Details screen, from the Service Category drop-down list, select Underwriting. 5. From the Provider Name drop-down list, select Freddie Mac’s Loan Product Advisor System to

System. 6. Enter a description for the account.

https://singlefamily.fanniemae.com/media/22926/display

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7. Enter the LPA login credentials.

8. Click the Find icon to select the users who will be submitting their URLA 2020 loans to Freddie Mac LPA.

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9. Select a Search by option from the drop-down list, and then click to select a name in the list.

10. Select a user in the Enabled Users list, and then click the right arrow to move the user to the Selected Users list.

11. Repeat these steps to add additional users to the Selected Users list. 12. When finished, click Select. 13. In the Account Details window, click Save.

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Enable Access to URLA 2020 Input Forms To enable users to select URLA 2020 forms by Persona, go to Encompass Settings> Company/User Setup> Personas> select a Persona, click the Loan tab, and in the Other panel, select the Change URLA Form Version check box, and then click Save.

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Submit URLA 2020 Loans to LPA 1. Open an URLA 2020 loan.

a. Open the loan, click the Forms menu, point to URLA Form Version, and then click URLA 2020.

2. When the loan is ready for submission to LPA: a. Click the Services tab and then click Request Underwriting.

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b. In the Underwriting window, click Freddie Mac’s Loan Product Advisor System to System, and then click Submit.

c. In the Select a Credit Option window, select one of the options and click Next. For details on the three different options, see Select a Credit Report Option.

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Select a Credit Report Option This section documents the workflow for the three options available on the Select a Credit Report Option window:

o Order a tri-merged credit report in Encompass and pass the reference number to LPA: Use this option if a credit report has not been ordered for the loan

o Pass a reference number from a previously ordered tri-merged report to LPA: Use this option if you have received the credit report from outside of Encompass/Ellie Mae Network.

o Continue to LPA without passing a credit reference number

Order a New Credit Report 1. In the Select a Credit Option window, the Order a tri-merged credit report option is already

selected (by default).

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2. From the Select an ePass credit provider drop-down list, select your credit provider. For the purpose of this exercise, we have selected Equifax Mortgage Solutions.

3. Click Next.

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4. In the Credit Report Request window, click Finish.

The Sending Credit Request window will display the progress of the loan submission to your credit agency.

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The Freddie Mac’s Loan Product Advisor Request window displays when the credit submission is complete, and the report has been returned to Encompass. Note that the Order Credit Report option in the Services tab now updates with a Document icon indicating that the credit report on the loan has been received.

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5. In the Freddie Mac’s Loan Product Advisor Request window, click the Submit button. (Note that the Merge Credit check box is automatically selected, the Credit Provider field displays the vendor from which you ordered the credit report, and the Credit Reference Number field is auto-populated with the credit report ID.)

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Use Credit Report Number from an Existing Report Use this option if a credit report has been ordered for the borrower, from outside of Encompass. Keep the credit report number handy as you continue with this workflow:

1. In the Select a Credit Report Option window, select Pass a reference number from a previously ordered tri-merged report to LPA, and then click Next.

2. From the Credit Provider drop-down list, select the credit vendor from which the report was ordered. Note that the Merged Credit check box is already selected.

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3. Click in the Credit Reference Number field, and type the credit report number.

4. Click the Submit button.

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Submit Without a Credit Report Use this option if you want to request a new credit report from Freddie Mac. (This is not the recommended workflow)

1. In the Select a Credit Option window, click Continue to LPA without passing a credit reference number, and then click Next.

2. In the Freddie Mac’s Loan Product Advisor Request window, click Submit.

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After You Click Submit This section describes the workflow after you click the Submit button on the Freddie Mac’s Loan Product Advisor Request window.

1. A progress bar will display the status of the loan submission to LPA.

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2. The Feedback Certificate displays when the loan submission is complete and successful.

3. Review the information in the LPA report and close it. 4. This displays a progress window as the data saves to Encompass.

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5. The Freddie Mac’s Loan Product Advisor window displays with the View Results tab updated with the LPA report.

PrerequisitesEncompass SettingsSet Up LPA Credentials in Services Password ManagementEnable Access to URLA 2020 Input Forms

Submit URLA 2020 Loans to LPASelect a Credit Report OptionOrder a New Credit ReportUse Credit Report Number from an Existing ReportSubmit Without a Credit Report

After You Click Submit

submitting urla 2020 loans to lpa · 2020. 7. 29. · submitting urla 2020 loans to lpa . use the...

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