Ellie Mae, an origination technology provider, and NetMore America, a retail and wholesale mortgage lender, have jointly announced that NetMore America has been added to Ellie Mae's Encompass360 Select program, which is accessible to preferred customers of Encompass360.
This integration enables NetMore America to provide real-time pricing information to preferred Encompass360 users who are approved to do business with NetMore. Once the borrower's information is put into the Encompass360 system, it is matched against NetMore's pre-determined loan criteria and pricing results are automatically presented on the user's screen, the companies explain. Users are then presented with the options to learn more about NetMore's loan programs and upload the borrower's information directly from Encompass360 into NetMore's loan origination system.
"It is invaluable to be able to communicate with loan originators while they're actually originating loans," says NetMore America Chief Strategy Officer Lisa Schreiber. "As part of Encompass360 Select, we can reach more originators regardless of geographic location.’
NetMore America, which uses Encompass360 in both the wholesale and retail segments of its business, plans to go live with the Encompass360 Select program sometime this fall.