August 20.1 Service Pack

Encompass Developer Connect Support for New URLA

A redesigned version of the Uniform Residential Loan Application (URLA), also known as the Fannie Mae form 1003 or the Freddie Mac form 65, is replacing the 2009 version of the URLA effective March 1, 2021. In addition, a new corresponding MISMO v3.4 dataset a.k.a. the Uniform Loan Application Dataset (ULAD) is also being introduced in conjunction with this newly designed URLA. The URLA is required for lenders to originate loans eligible for sale on the secondary market and to satisfy the safe harbor requirements of the Equal Credit Opportunity Act (ECOA).

The redesigned 2020 URLA makes it easier for lenders to collect information required by the Home Mortgage Disclosure Act (HMDA) and to incorporate additional application information identified under the URLA/ULAD initiative. The output form has a similar look and feel to the Loan Estimate and Closing Disclosure forms implemented in 2015 and was designed to provide a better experience for borrowers by providing clear instructions in language that is easy to understand.

Our goal is to ensure that our customers and our software are ready for the upcoming changes. While we cannot advise you on how to manage compliance in your own organization, we can help ensure that you have the tools and resources you need to be ready when the revised regulation takes effect.

Starting with the 20.1 August 2020 Service Pack release, URLA 2020 loan submissions are being supported on Encompass Developer Connect. Loan submissions to GSE-specific AUS production environments using the new URLA 2020 output forms are currently scheduled for January 1, 2021, with a mandatory usage date of March 1, 2021.

Impacted (Existing) APIs

Loan Schema APIs
The new URLA fields can be viewed as part of these APIs to discover the location of the collections and fields within the loan object:

• V1 Get Loan Schema
• V1 Get Field Schema API
• V3 Loan Schema API
• V3 Standard Fields API
• V1 Path Generator
• V1 Contract Generator

Loan Pipeline APIs
The new URLA fields can be viewed and queried as part of these APIs:

• V1 Field Definitions
• V1 Query Pipeline
• V3 Field Definitions
• V3 Query Pipeline

Loan Management APIs
The V1 Loan CRUD APIs will support all the new URLA fields.

• Create Loan 
• Update Loan
• Retrieve Loan

New APIs: V3

As part of this release, we are also releasing the new version of APIs – the V3 APIs. These new APIs will also have URLA Support.

V3 Loan CRUD

• Create Loan
• Update Loan
• Retrieve Loan
• Delete Loan

MISMO 3.4 Import
New MISMO APIs are available in this release. They can be used to import a new loan or an existing loan in MISMO 3.4 format.

• V3 Converter API converts a MISMO 3.4 file to create a loan object
• V3 Importer API imports a MISMO 3.4 file to update an existing loan

Managing URLA Version
Use this Settings API to retrieve the Instance Level URLA configuration:
GET /v3/settings/policies/urla

Use the Update URLA Version endpoint to switch the URLA version of the loan:
PATCH /v3/loans/{loanId}/urlaVersion

Refer to the Blog Post we have published for URLA Support through Developer Connect.

Secondary Settings API

New Secondary Settings APIs
New Secondary Settings APIshave been added to Encompass Developer Connect V3. Use these APIs to retrieve all investor templates available in Encompass and to retrieve a single investor template.

• Get Investor Templates  retrieves a list of investor templates available for a client performing a price or lock action.
• Get an Investor Template  retrieves details for a specified investor template. Template values based on the selected investor can then be applied when locking a loan.

Documentation Updates

Enhancements Made to the V3 Attachments API Documentation
Enhancements have been made to the V3 Attachments API reference documentation. Check out the latest documentation here on the Encompass Developer Connect portal.

New Topic About V3 Cloud Storage Added to Get Started Section of V1
A new topic has been added to the Developer Connect portal to provide additional information about V3 APIs and Loan Attachments. This new topic  About V3 Cloud Storage for Loan Attachments is available in the V1 area of the portal, listed below the Release Notes.

Enhancements Made to the How to Become a Supported Encompass Partner Topic
Enhancements have been made to Encompass online help topic,  How to Become a Supported Encompass Partner. In addition, the information provided in the help topic is now available in the Ellie Mae Resource Center.

Fixed Issues

Resolved Issue with Get External Organizations API
Some clients experienced an issue when using the V3 Get External Organizations API (/v3/externalOrganizations/tpos) to retrieve TPO company information. With this issue, the API call would fail intermittently if the load was under high concurrency. This issue has been resolved.
SRE-11648