DataVerify Flood Services has integrated with Ellie Mae, enabling lenders to automatically order flood zone determination services through the Ellie Mae lending platform.
The enhanced integration of DataVerify Flood Services with Ellie Mae gives lenders the opportunity to set in place rules to automatically trigger an order for a flood zone determination with the required data being pulled from the loan file. This collaboration represents the first automated flood zone determination technology to be integrated with Ellie Mae’s new Digital Lending Platform and is expected to save lenders significant time and improve their workflow, the company says.
“The automation of DataVerify Flood Services that leverage our advanced set of APIs into our new platform is a critical step forward in providing lenders with a truly digital mortgage lending experience,” says Bob Hart, vice president, partner development, at Ellie Mae. “Our platform is designed to empower lenders to automate certain processes or choose when orders are submitted, as this is a new norm that they should expect from their LOS. Providing automated flood zone determinations is just one more piece of automation that we can now offer our customers as we continue to offer the automation functionality in additional partner service categories.”
DataVerify Flood Services is a provider of flood zone determinations nationwide for lender compliance with National Flood Insurance Program regulatory requirements.