The company wants to streamline its newly acquired technologies from Pacific Union Financial
Mortgage lender Mr. Cooper has deployed Ellie Mae's Encompass digital lending platform and Encompass TPO Connect for its wholesale and non-delegated channels.
Mr. Cooper said that the Encompass products enabled its third-party businesses to significantly reduce costs, simplify their offerings, and enhance its multi-channel lending platform experience.
In February, Mr. Cooper acquired the wholesale and non-delegated correspondent lending channels and technologies of Pacific Union Financial. According to the lender, the acquisition amounted to five loan-origination systems, some of which were inefficient and unable to support the mandatory 2020 URLA changes.
“We were looking for an opportunity to streamline our technology for a seamless platform experience, and Ellie Mae helped us to achieve that goal,” Mr. Cooper Chief Operating Officer Tony Ebers said. “With Ellie Mae’s support we are offering an interactive web experience that optimizes our channels to increase volume and profitability while ensuring data accuracy.”
“Encompass TPO Connect is designed to enable lenders to extend the Encompass Lending Platform to their wholesale and correspondent partners through an interactive web experience that provides a streamlined experience for all non-retail channels,” said Jonathan Corr, president and chief executive officer of Ellie Mae. “We’re thrilled to be able to support Mr. Cooper through its evolution and provide comprehensive solutions that streamlines workflow across all channels.”
