Instant Tee Integration into the Encompass TRID RESPA 2015 Loan Estimate and Closing Disclosures forms

1. FIRST TITLE’S FIRSTVISION PLATFORM FEATURES
Updated Nationwide Closing Cost Calculator
Encompass GFE and Ordering Interface
New TRID Screens
1
www.firsttitleservices.com
1-866-4TITLES (484-8537) Presented By: Stephen J. Papermaster

2. 2
Choose from
the available
options and
click “Calculate
Fees”
New Closing Cost Calculator

3. 3
As you know, our Web-Based System has been providing our customers with EXACT
Title, Closing, Recordation and Transfer charges in order to prepare their GFE’s in the
past. To assist you in further preparation of the new form GFE, we now display the
charges in three different formats:
1. HUD-1 Line Number
2. GFE Block Number
3. Line 1101 Non-Itemized Charges
ALREADY INCLUDED IN BUNDLE
Anatomy of First Title’s Fee Calculation System

4. 4
Instant HUD-1
The “Estimated
HUD-1” button to
view your instant
HUD-1 is available
the second you
place your order!
www.firsttitleservices.com
1-866-4TITLES (484-8537)

5. Encompass Integration
First Title Fee Calculator

6. Once in the “Borrower”
information screen
Go to the
“Services” tab and select
“Order Title & Closing”

7. Once in the First Title Order Screen
• Enter your log-in credentials
• Confirm your email
• Pick the transaction type
• Lenders Policy for Refi & Equity
• Owners Policy for Purchase
• Click the Inquire about fees button
to view and import the fees
1

8. 2
The 1100 & 1200 series GFE
Fees are display for your
review.
• Click the “Import”
button, to send fees
in to your Good Faith
Estimate and other
disclosures

9. Close the order screen to
view the imported fees
3

10. Navigate to your 2010 GFE - Itemization
form to see your imported fees
4

11. 1100. Title Charges
1100. Title Charges

12. 1200. Government Recording and
Transfer Charges
1200. Government Recording and Transfer Charges
100%
Guarantee
Against
Tolerance
Cure
Violations

13. After ordering the Encompass Log
and Services area will now indicate
your order has been placed in three
areas
• The new “icon” on your
Order Title & Closing button
• The Log
• The eFolder.

14. You will be notified by email when your
order is complete.
• All title and closing documents are
fully automated into Encompass
through our FirstVision web
service.
• Select the product ordered
and click the “Retrieve”
button.
After “Retrieving” the document.
• The product is now available for
use in the Document Details
window.
First Title and Escrow
First Title and Escrow
Commitment for Title Insurance
Issued by
First Title and Escrow

15. Encompass Fee integration into the
New 2015 Itemization Form
Loan and Closing Disclosure Forms
www.firsttitleservices.com

16. Encompass Fee Integration
• Understanding the changes included in 2015
Itemization form
• Borrowers ability to shop and choose
• Loan Estimate Form
• Closing Disclosures Form

17. Import Fees
First Title & Escrow - New Features for
2010
17
For this example we will
generate a quote for the loan
amount of $382,500 on a
purchase transaction.
Place the order by going to the Service tab to
Order Title & Closing , after selecting First Title select
your title product and click the inquire about fees
button and import your fees in to your 2015
itemization form.

18. First Title & Escrow - New Features for
2010
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19. First Title & Escrow - New Features for
2010
19

20. First Title & Escrow - New Features for
2010
20

21. First Title & Escrow - New Features for
2010
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22. 2015 Itemization Form
First Title & Escrow - New Features for
2010
22
After importing your fee data as previously shown,
it will now import into the 2015 Itemization Form
This form gives lenders to the ability to specify
weather or not the borrower was :
1.Required to use the fees
2.Not required to but did not shop for fees
3.Did shop for fees
Review 1100 Title
Charges Title 1100

23. First Title & Escrow - New Features for
2010
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24. First Title & Escrow - New Features for
2010
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25. Identifying the borrowers fee choice
First Title & Escrow - New Features for
2010
25
1st click the icon listed next to
the title fee line items to
activate the Fee Details box

26. First Title & Escrow - New Features for
2010
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Once selected
the Fee Details
box will appear

27. First Title & Escrow - New Features for
2010
27
The borrower can shop for and did shop for
check box options will designate what section
the data displays in for the Loan Estimate and
Closing Disclosure Forms

28. Loan Estimate Page 2
The loan coast and other costs are displayed on
page 2 of the Loan Estimate form. We will focus
our attention on sections C, E, H that show:
First Title & Escrow - New Features for
2010
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29. First Title & Escrow - New Features for
2010
29
Loan Estimate Page (2)
contains fees related to
Title, Recording, Taxes and
optional Title Insurance …

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2010
30
Section C displays and sub-
totals Title service fees the
borrower can shop for .

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2010
31
Section E: Taxes and Other Government
Fees from 1200 series of the 2015
Itemization

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2010
32
Section H: Other showing optional
fees like Owner Title insurance fees

33. Closing Disclosure Page 2
First Title & Escrow - New Features for
2010
33
Closing Disclosure Page 2
displays in sections how
the fees will be paid
between the borrower and
the seller as closing

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2010
34
Section C display the fee the
borrower did shop for and how
they will be paid by the either the
borrower or seller at closing as
defined in their negotiations and
applicable law

35. First Title & Escrow - New Features for
2010
35
Section E . Taxes and Other
Government Fees provide the
same borrower – paid and seller –
paid options

36. First Title & Escrow - New Features for
2010
36
Section H. Other displays the
optional title insurance fees