This training video walks you through the process of using IncomeXpert within the Encompass services tab. It is designed for underwriters, processors, or team members responsible for reviewing income.
1. Prepare Your Loan File in Encompass:
- Complete your underwriting review.
- Ensure employment income has been entered.
- Ensure other income (child support or alimony for example) has been entered.
- Investment properties are entered into the REO section on page 3.
- Access IncomeXpert from the services tab
- Navigate to the Services tab.
- Select Order Additional Services.
- Choose Blueprint IncomeXpert from the list.
- Once the system “syncs” with Blueprint IncomeXpert (opens the loan in the website page) , close the service tab.
- Open the Blueprint IncomeXpert website, and search the for the loan
- Use the “Efolder” from Encompass to view documents to input income to Blueprint IncomeXpert.
- Review all incomes for all borrowers on the income tab.
- Review all rentals for all borrowers on the REO tab.
- When the review is complete go to the report page.
- Before proceeding further, CLOSE the loan in Encompass to allow Blueprint IncomeXpert to sync.
- On the report tab, click the drop down arrow next to “Create PDF” and click “send to encompass”.
- Exit the loan from Blueprint IncomeXpert.
- Open the loan from Encompass to continue your loan review.
Please see attached slides for further details on this method.