Refreshing Assets in Encompass

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

• How to refresh assets in Encompass via the KensieMae plugin
• Import updated asset statements into Encompass
• Powering rep & warrant relief for assets
• Manually Updating the Asset RefID in Encompass

Note: For Encompass users with the Kensie Mae (KM) plugin.

How to Refresh Assets in Encompass

Follow the steps below to refresh assets in Encompass. To learn how to request or refresh assets in Blend, refer to Asset Refresh - Blend.

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 are refreshed successfully, refresh the document count to retrieve the updated asset statements.

1. Click the B button.
2. Select Refresh Document Count.
   
3. Select the new documents to import and click Import Attachments. You can import documents individually or all at once.
   

Powering Rep & Warrant Relief for Assets

The Reference ID (RefID or Asset Reference Number) will export to your LOS when the loan is exported from Blend. When DU and LPA* are run, the AUS will request assets from Blend using this RefID.

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

After assets are refreshed in Blend, the Asset reference number or RefID (shown below) will be updated in the Blend Loan Overview screen. The RefID is updated with each refresh or if the borrower adds new asset accounts. The new RefID tells DU and LPA that there are new assets to request from Blend.

On exported loans, RefIDs will be automatically updated when assets are refreshed in Blend or Encompass.

 Note: The automatic RefID update requires the loan file to be closed in Encompass. If a user is working on the loan file, the new RefID will not be immediately reflected in Encompass for a re-run of AUS and will be retried when the loan is unlocked.

Manually Updating the Asset RefID in Encompass

Follow the steps below to manually update the Asset reference number (RefID) in Encompass if needed.

1. In Blend, navigate to Application > Assets > Reference Number.
2. Copy the Asset statement reference number.
   
    Note: There is one Asset Reference Number per borrower.
   
3. Open the Encompass file.
4. Open the FNMA Streamlined form. You may need to click Show All at the bottom of your Forms list to see it.
5. Copy the borrower Blend Reference Numbers from Blend into the Encompass fields shown below.
   

The Blend (Bor) field in Encompass is for the primary borrower and the Blend (CoBor) field is for the co-borrower. If no co-borrowers exist in Blend, only the primary borrower's Asset Reference Number will be shown.

The Encompass field IDs for the Generated Assets Reference Number or RefID are:

• GSEVENDOR.X8 = Blend (Bor)
• GSEVENDOR.X9 = Blend (CoBor)

To search for these fields in Encompass you can press CTRL + G and enter the field IDs above then press Find.

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.