Mortgage lenders that use Ellie Mae’s Encompass system will be able to access an upgraded version of the software from this week
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Mortgage lenders that use Ellie Mae’s Encompass system will be able to access an upgraded version of the software from this week.
The firm says that its new version will allow lenders to originate more loans at lower costs and faster. It also includes updates for new regulatory requirements such as the 2018 HMDA collection and reporting changes.
“HMDA readiness remains a top priority for the entire mortgage industry and Ellie Mae is committed to supporting our customers as they prepare by offering solutions, information, training and resources well in advance,” said Jonathan Corr, president and CEO of Ellie Mae.
The new release also includes Correspondent Trade enhancements, better management of electronic documents with a true paperless e-document experience to remove a step from the workflow.
“This comprehensive release offers technology to ensure complete compliance with regulatory updates, 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,” added Corr.
The software firm has been recognized for its security innovation and leadership in the security industry’s CSO50 Awards.
The firm says that its new version will allow lenders to originate more loans at lower costs and faster. It also includes updates for new regulatory requirements such as the 2018 HMDA collection and reporting changes.
“HMDA readiness remains a top priority for the entire mortgage industry and Ellie Mae is committed to supporting our customers as they prepare by offering solutions, information, training and resources well in advance,” said Jonathan Corr, president and CEO of Ellie Mae.
The new release also includes Correspondent Trade enhancements, better management of electronic documents with a true paperless e-document experience to remove a step from the workflow.
“This comprehensive release offers technology to ensure complete compliance with regulatory updates, 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,” added Corr.
The software firm has been recognized for its security innovation and leadership in the security industry’s CSO50 Awards.
