Ellie Mae Announces New Pricing Model

http://www.elliemae.com]Ellie Mae[/link], based in Pleasanton, Calif., has announced a new pricing structure for the customers of its Encompass360 Mortgage Management Solution Banker Edition. In addition to its hosted and licensed models, Encompass360 Banker Edition will now be available as a ‘success-based pricing’ model. According to the company, customers using this pricing model will not have to purchase the technology, but will pay a fee for each closed loan. The fee may be passed to the borrower, to the extent permissible by law, as part of the lender's origination, document preparation and processing fees, the company adds. All customers using this new pricing model will have the same access to Encompass360's features that licensed-pricing customers have, and they will also be able to order an unlimited number of disclosures and closing documents may be drawn as many times as is needed, according to the company. SOURCE: El


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