Ellie Mae Expands Encompass Investor Connect
PLEASANTON, Calif.--(BUSINESS WIRE)--May 20, 2019--
Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, today announced the expansion of Encompass Investor Connect™ with partnerships that now include seven of the ten largest correspondent investors and represent more than half of all closed loan delivery volume.
Ellie Mae has established partnerships with correspondent investors AmeriHome, Flagstar Bank, Franklin American Mortgage, Mr. Cooper, NewRez (formerly New Penn Financial), TMS and Wells Fargo, as well as other top ten banks, with more partnerships to be announced in the coming quarters.
Encompass Investor Connect is the secure system-to-system workflow between lenders and correspondent investors that ensures delivery of accurate and compliant loan packages as part of the Encompass® Digital Lending Platform. It supports the needs of lenders and investors, removing the manual loan package delivery process by automating directly from the Encompass LOS to the investor. This improves pricing tiers and purchase times while enhancing efficiency, accuracy and compliance.
“We continue to see significant momentum with Encompass Investor Connect as we further our mission to help originators and purchasers achieve a true digital mortgage,” said Parvesh Sahi, senior vice president of business development, Ellie Mae. “With the majority of the largest correspondent investors as our partners, we represent more than half of closed loan delivery volume. Many providers only look at digitizing the front-end of the mortgage transaction. However, as we continue to look at digitizing the entire mortgage process, Encompass and Encompass Investor Connect is helping lenders and purchasers reduce costs and increase efficiencies that benefits all players in the mortgage ecosystem.”
“Since coming on board with Encompass Investor Connect, we are seeing impressive results and an improved seller experience,” said Eric McCall, vice president, First Home Mortgage. “To date, we are saving about three to five minutes per loan file. While that might not sound like much, we originate over 10,000 loans a year and, therefore, those minutes per loan add up to thousands of hours saved as well as better relations with our Investors. Additionally, we are excited to embrace all that Investor Connect has planned as Ellie Mae continues to improve the selling workflow and reduce the time and friction associated with legacy processes.”
“Our partnership with Ellie Mae helps us deliver greater efficiency to our correspondent customers while simplifying the loan delivery process,” said Kristy Fercho, President, Mortgage, Flagstar Bank. “With Encompass Investor Connect we extend the digital experience to the loan purchase workflow for the ultimate benefit to all players in the ecosystem.”
Ellie Mae’s Encompass® digital mortgage solution helps lenders succeed in today’s highly competitive, highly regulated market. The solution is fully connected so lenders have one system of record for loan data and provides an all-in-one solution for compliance, quality and efficiency at every loan stage. Encompass Investor Connect is the secure system-to-system workflow between lenders and correspondent investors that ensures delivery of accurate and compliant loan packages as part of the Encompass® Digital Lending Platform.
For more information about Encompass Investor Connect, visit: https://www.elliemae.com/encompass/encompass-investor-connect
About Ellie Mae
Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call (877) 355-4362 to learn more.
© 2019 Ellie Mae, Inc. Ellie Mae ® , Encompass ® , AllRegs ® , the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.
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CONTACT: Erica Harvill
Ellie Mae, Inc.
Erica.firstname.lastname@example.orgAlexandra Gardell Kreuter
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Ellie Mae, Inc.
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PUB: 05/20/2019 09:00 AM/DISC: 05/20/2019 09:01 AM