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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