Ellie Mae has integrated AllRegs' mortgage information and guidelines with its Encompass loan origination system (LOS).
The integration is part of a multi-phased effort to make AllRegs guideline and compliance content seamlessly accessible to users of Encompass.
Ellie Mae acquired AllRegs last year. AllRegs provides education and training, as well as loan product and guideline data and analytics to more than 3,000 companies covering every facet of mortgage banking, including major lenders and investors, regulators, federal and state agencies, brokers, mortgage services vendors and law firms. Its extensive content library of regulations and investor guidelines is relied upon by virtually all of the top 100 U.S. lenders.
With this first phase of integration, AllRegs' Market Clarity content is now accessible via investor guideline links within the Encompass Product and Pricing Service, Ellie Mae says in a release.
AllRegs' Market Clarity is a business information tool for the mortgage banking industry that helps lenders and investors manage risk and identify market opportunities.
Ellie Mae claims that having the AllRegs information seamlessly integrated with the Encompass Product and Pricing Service enables automated and effective pricing and eligibility to help Encompass users increase profitability and compliance.
Users now have access to a product summary with key eligibility requirements, the AllRegs guideline library and investor bulletins.
Ellie Mae reports that this same set of information and guidelines is also available to lenders that offer a broker or wholesale channel via the Encompass TPO WebCenter and utilize the Encompass Product and Pricing Service. With this integration, Encompass users will not only see if a loan is eligible, but can also see the documentation needed to ensure that they have chosen the right product for their borrower.
In addition, loan officers, underwriters and secondary marketing professionals now have access to critical information without having to switch platforms or visit multiple websites.