Using Freddie Mac CAC In Encompass - ICE Mortgage Technology

Using Freddie Mac Loan Advisor Suite Correspondent Assignment Center (CAC)Service in EncompassUpdated on September 21, 2020

ContentsConfiguration . 3Services Password Management. 4Freddie Mac CAC Setting . 6Personas . 8Assign Loans to Aggregators Using Freddie Mac CAC . 9Notification Emails and Updated Fields .112

Freddie Mac Loan Advisor Suite Correspondent Assignment Center (CAC)Freddie Mac’s Correspondent Assignment Center enables correspondents to share data and documentsacross the loan manufacturing process – from underwriting through loan delivery – with aggregators.Lenders assign a loan or loans to a specified aggregator to share loan data and documents. Theaggregator can then retrieve data and documents specific to that loan directly from Freddie Mac.For more information see the Correspondent Assignment Center page on the Freddie Mac website.Before you configure your Encompass instance for CAC, you need to first complete the CorrespondentAssignment Center Access Form and register with Freddie Mac CAC on the Freddie Mac website.After you receive the CAC credentials, authorized users such as Encompass administrators need toconfigure Encompass Settings in the Services Password Management tool, Freddie Mac CAC, andPersonas settings. Users configured for this service can then submit their loan files to Freddie Mac CACfrom the Pipeline menu. The Freddie Mac Additional Data input form will be updated when the CACassignment results are returned to Encompass.ConfigurationAuthorized users such as Encompass administrators need to configure the Freddie Mac CAC service inthe following sequence:1. Go to the Services Password Management tool (in Company / User Setup) and configure theFreddie Mac CAC account, using the credentials received from Freddie Mac.2. Go the Freddie Mac CAC setting (in Additional Services) to launch the list of aggregators andthen select the ones that your organization will use.3. Go to Personas setting and enable access to the Freddie Mac CAC option in the Pipeline Tasksmenu so that users with the persona can submit loan files to Freddie Mac CAC.3

Services Password ManagementUse the options in the Services Password Management tool to enter Freddie Mac CAC credentials foryour Encompass instance and select the users authorized to use this service.To Add Your Freddie Mac CAC Account:1.2.3.4.On the menu bar, click Encompass, and then click Settings.On the left panel, click Company/User Setup, and then click Services Password Management.Click the New icon.On the Account Details window:From the Service Category drop-down list, select Underwriting.From the Provider Name drop-down list, select Freddie Mac CAC.In the Description field, type a brief overview of this service.In the User Name and Password fields, type the Freddie Mac CAC login credentialsassigned to your Encompass instance.e. In the TPO/Seller Number field, type your TPO Number or Seller Number.a.b.c.d.4

f.In the Selected Users field:i. Click the Lookup icon to select the users who will use the login credentials toaccess the service.ii. In the Users window, select a Search by option from the drop-down list, andthen click to select a name in the list.iii. Select a user in the Enabled Users list, and then click the right arrow to movethe user to the Selected Users list. Use the Ctrl or Shift key to select multipleusers.iv. When finished, click Select.g. Click Save.5

Freddie Mac CAC SettingUse the new Freddie Mac CAC setting (in Additional Services) to launch the list of aggregators and thenselect the ones that your organization will use.NOTE: If you have not configured your Services Password Management tool, you will be presented with aprompt to do so, and will not be able to configure the Freddie Mac CAC setting in Additional Servicessetting.To Configure Freddie Mac CAC Setting:1. On the menu bar, click Encompass, and then click Settings.2. On the left panel, click Additional Services, and then click Freddie Mac CAC.3. In the Aggregator List panel, click the Refresh icon to launch your list of Freddie Mac CACaggregators.4. Click the corresponding check boxes to select your aggregators, and then click the Save icon.6

5. In the confirmation window, click OK.7

PersonasUse the Personas setting to enable access to the Freddie Mac CAC option in the Pipeline Tasks menu sothat users with the persona can submit loan files to Freddie Mac CAC.To Enable Access to Freddie Mac CAC:1.2.3.4.5.6.On the menu bar, click Encompass, and then click Settings.On the left panel, click Company/User Setup, and then click Personas.In the Create a persona panel, select a persona.In the Define access for. panel, click the Pipeline tab.In the Pipeline Tasks panel, select the Freddie Mac CAC check box.Click the Save icon.8

Assign Loans to Aggregators Using Freddie Mac CACAfter the settings are configured, authorized users can assign one or more loan files to an aggregatorusing the Freddie Mac CAC option in Pipeline GSE Services. You can assign loans selected from yourPipeline, or all your loans, using the Freddie Mac CAC options in the Pipeline menu. Loans can beassigned individually or in batches of up to 500.To Assign Selected Loans to an Aggregator Using Freddie Mac CAC:1. Close all your loans.2. From the Pipeline, select your loans.3. From the Pipeline menu, point to GSE Services Freddie Mac CAC, and then click Selected LoansOnly to launch the Freddie Mac Correspondent Assignment Center request window.To Assign All Loans to an Aggregator Using Freddie Mac CAC:1. Close all your loans.2. From the Pipeline menu, point to GSE Services Freddie Mac CAC, and then click All Loans onAll Pages to launch the Freddie Mac Correspondent Assignment Center request window.9

Freddie Mac Correspondent Assignment Center Request Window:1. From the Aggregator drop-down list, select an aggregator.2. In the Emails to Notify field, optionally include email addresses to which the Freddie Mac CACresults will be sent.3. Click the Order button.NOTE: The Login Information panel of the request window is pre-populated with data entered by yourEncompass administrator. You cannot update fields in this section. You can only make selections/updatevalues in the Other Options panel of the order window.10

Notification Emails and Updated FieldsWhen the CAC assignment is complete, an Encompass Correspondent Assignment Center Notificationemail is sent to the address entered in the Freddie Mac Correspondent Assignment Center requestwindow.For failed assignments, the email includes additional information on the submission, and steps you needto take to successfully resubmit your loan.11

For successful CAC assignment results, the following fields in the Freddie Mac Additional Data inputform are updated:o Freddie Field # 15 (field ID CASASRN.X35) with Aggregator Nameo Correspondent Assignment ID (field ID CASASRN.X203) with Aggregator IDYour aggregator will now be able to retrieve select datasets and documents associated with the assignedloan files directly from Freddie Mac.NOTE: No data or files are sent from Encompass to the aggregator.12

using the Freddie Mac CAC option in Pipeline Services.GSE You can assign loans selected from your Pipeline, or all your loans, using the Freddie Mac CAC options in the Pipeline menu. Loans can be assigned individually or in batches of up to 500. To Assign Selected Loans to an Aggregator Using Freddie Mac CAC: 1. Close all your loans. 2.