Renovation Loans

Articles

Renovation Loans Point of Contact
Information on this page applies to Interim Servicing and Servicing 911. Customers with Renovation Loans or Construction Loans may call with questions about obtaining funds once the work on their property is complete.  They may also call wi...
Renovation Loan Screens in Encompass
Confirm if the loan is a renovation loan and if there is a renovation balance (if applicable) by viewing the Renovation Management screen in Encompass. Select the Forms tab Check the boxes “Show in Alpha Order” and “Show...
Payoff Quotes for Retained Renovation Loans
Summary: Payoff quotes for retained servicing renovation loans do not generate when team members run the MSP Payoff Director Script. Script allows input of required data to request a quote then a message advises the loan is a Renovation Lo...
Determine if Repairs on Renovation Loans are Complete
For loans originating on or after April 1, 2021, a field in Encompass is updated when repairs have been completed for loans originated as renovation loans. Data will not appear in this field for renovation loans originated before April 1, 20...