Two leading solutions providers for the mortgage industry have announced enhancements to their products
Two leading solutions providers for the mortgage industry have announced enhancements to their products.
CoreLogic has announced that this month will see its 4506-T income verification system being fully integrated with Fannie Mae’s Desktop Underwriter platform and the Day 1 Certainty Service.
It means that mortgage lenders will be able to access the verification product directly from the Fannie Mae platform.
“We are extremely pleased to be participating in Fannie Mae’s DU verification service. It represents the new standard for excellence, speeding up the workflow process and providing borrower convenience and lender reassurance,” said Eric Connors, executive, Mortgage and Credit Analytics for CoreLogic.
Meanwhile, Ellie Mae has launched a major new release of its Encompass mortgage management solution.
As well as allowing mortgage originators to process more loans faster, Encompass 17.3 has been updated for 2018 HDMA collection.
“We know that HMDA readiness is on everyone’s mind,” said Jonathan Corr, president and CEO of Ellie Mae. “With this major release of Encompass, we’re adding to applicant, property and loan feature data capture in support of HMDA. This comprehensive release offers technology to ensure complete compliance with changing regulation, as well as the innovative capabilities that enable our banks, credit unions and mortgage lenders to originate and fund more loans, lower origination costs and shorten the time to close.”
The update also includes a more streamlined FHA 203(k) loans user experience to make compliance with the HUD’s requirement for using its calculator.
CoreLogic has announced that this month will see its 4506-T income verification system being fully integrated with Fannie Mae’s Desktop Underwriter platform and the Day 1 Certainty Service.
It means that mortgage lenders will be able to access the verification product directly from the Fannie Mae platform.
“We are extremely pleased to be participating in Fannie Mae’s DU verification service. It represents the new standard for excellence, speeding up the workflow process and providing borrower convenience and lender reassurance,” said Eric Connors, executive, Mortgage and Credit Analytics for CoreLogic.
Meanwhile, Ellie Mae has launched a major new release of its Encompass mortgage management solution.
As well as allowing mortgage originators to process more loans faster, Encompass 17.3 has been updated for 2018 HDMA collection.
“We know that HMDA readiness is on everyone’s mind,” said Jonathan Corr, president and CEO of Ellie Mae. “With this major release of Encompass, we’re adding to applicant, property and loan feature data capture in support of HMDA. This comprehensive release offers technology to ensure complete compliance with changing regulation, as well as the innovative capabilities that enable our banks, credit unions and mortgage lenders to originate and fund more loans, lower origination costs and shorten the time to close.”
The update also includes a more streamlined FHA 203(k) loans user experience to make compliance with the HUD’s requirement for using its calculator.
