Asset Refresh - Encompass

Loan teams can also refresh assets in Encompass to get updated asset data toward loan closing.

To learn how to request or refresh assets in Blend, refer to Asset Refresh - Blend.

• How to refresh assets in Encompass via the KensieMae plugin
• Import updated asset statements into Encompass
• Powering rep & warrant relief for assets
• Step-by-step guide for updating the RefIDs for Encompass users

How to refresh assets in Encompass via the KensieMae plugin

 Note: For Encompass users that utilize the KM plugin. 

1. While in the loan file, click the B button.

2. Select Refresh Assets.

3. Select which accounts you'd like to refresh. You can refresh accounts individually or all at once.

4. Click Refresh.

If the account status displays Locked or Not Connected, refer to Account Connectivity Status to learn more.

5. Blend will attempt to refresh Asset data. Click OK.

Import updated asset statements into Encompass

After assets were refreshed successfully, refresh the document count to retrieve the updated asset statements.

1. While in the loan file, click the B button.

2. Select Refresh Document Count.

3. Select the new documents to import, then click Import Attachments. You can import documents individually or all at once.

Powering rep & warrant relief for assets

Upon initial export from Blend to your LOS (if you have an automatic Blend-LOS integration), the Ref ID will export to your LOS. When you run DU and LPA*, the AUS will request assets from Blend using this Ref ID.

*Once enabled for Freddie’s Asset and Income Modeler for Asset Verification

Upon Asset Refresh in Blend, the “Blend Reference Number” (shown below) will be updated in the Blend Loan Overview screen to reflect the refreshed assets. You will need to copy this reference number and paste it into your LOS for it to be available for future AUS runs. The refID gets updated each time assets are refreshed or if the borrower adds new accounts.

The new Ref ID tells DU and LPA that there are new assets to request from Blend. As of today, your loan team will have to manually update the RefID in the LOS.

Step-by-step guide for updating the RefIDs for Encompass users

1. Navigate to the Assets section on the Application page of a loan.

2. Click the Reference Number (Also referred to as Asset Statement Reference) next to Assets. You will see a reference number if a borrower or co-borrower has connected to assets.  

3. Click Done. 

 Note: There is one Reference Number per borrower.

Encompass

4. In Encompass, find the corresponding fields for the Blend Reference Number for the borrower and the co-borrower.

     a. Select Show All at the bottom of your Forms list

     b. Open the FNMA Streamlined 1003 Form

5. Copy the borrower Blend Reference Numbers from Blend into these fields.

 Note: The top field in Blend is the borrower’s, and the bottom field in Blend is the co-borrower’s. If there is no co-borrower on the loan, Blend will only surface the Borrower’s Reference Number. You can copy the Reference Numbers with one click by clicking the icon in Blend.

If you need to find these fields in the future, you can search for “GSEVENDOR.X8” (borrower) and “GSEVENDOR.X9” (co-borrower).

Note: The borrower information displayed in this article is fictitious. It is used for testing or visual purposes only and it does not relate to a real person. Any similarity with real individuals is unintentional.

DISCLAIMER: The features on this page may not be applicable to your institution. Please reach out to Blend Support for more information on what features are enabled for your use.