Smarter discrepancy detection and condition creation with inspect for Encompass
Inspect with condition creation: Smarter discrepancy detection for Encompass lenders
Manual checklists, missed mismatches, and back-and-forth with borrowers slow teams down and create risk in underwriting. Ocrolus Inspect automatically flags discrepancies between Encompass 1003 field values and borrower documents (like mismatched SSNs, undisclosed REOs, or missing bank statements) before the file ever reaches underwriting.
Now, with condition creation, lenders can instantly generate conditions based on those flagged insights—streamlining pre-underwriting workflows and improving file quality from day one.
In this Product Pulse, hear how Paola Patino, Regional Processing Manager at Neighborhood Loans, used Inspect to help her team:
- Catch critical errors earlier and reduce rework before submission
- Scale to record loan volume without increasing headcount
- Maintain fast turn times while rolling out new loan programs
Key takeaways
- Detect mismatches between Encompass data and borrower documents (e.g., SSN, date of birth, purchase price)
- Flag missing documentation based on what’s listed in the 1003 (e.g., bank accounts with no statement)
- Identify undisclosed assets or properties across bank statements, IDs, and supporting docs
- Automatically generate conditions directly from Inspect insights without switching tools
- Reduce time spent on checklists, rework, and back-and-forth with borrowers
Next steps: Automate discrepancy handling before underwriting
As loan volumes increase and new loan programs roll out, teams need smarter tools to maintain accuracy and speed. Ocrolus Inspect helps lenders flag and fix file issues early while condition creation turns those insights into action, right inside Encompass.
Interested in seeing how Inspect can streamline your pre-underwriting workflows? Request a demo.
