Import from File

Use these APIs to create a new loan or update an existing loan in Encompass using loan data imported from a Fannie Mae 3.x loan file or a MISMO 3.4 file in accordance with the New URLA 2020 Mandate.

Creating a New Loan using a Fannie Mae 3.x File

Use V1 Loan Importer to create a new loan using a Fannie Mae 3.x file. You can specify the loan folder and assign the loan to a Loan Officer in your organization at the time of loan creation. Your Encompass system settings will be applied to the loan. These settings include folders, organizations and users, milestones, log setup, custom fields, tables and fees, and contacts.

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Keep the following points in mind when importing a Fannie Mae file:

• Data from the Fannie Mae file that is imported will be overwritten by the existing data in the loan template.
• After importing a loan file, only the system administrator can delete it.

Creating and Updating Loans using a MISMO 3.4 File

To create new loans using the MISMO 3.4 file, follow these steps:

1. Convert the MISMO 3.4 File to the V3 Loan Contract using the V3 Converter API.
2. Using the response from Step 1, call the V3 Create Loan API to create the loan.
3. You can then update the loan using V1 or V3 Update Loan API based on what best suits your use case.

To update an existing loan by importing a MISMO 3.4 File, follow these steps:

1. Call the V3 Importer API to update the loan.
2. You can then update the loan using V1 or V3 Update Loan, based on what best suits your use case.