Software solutions provider Ellie Mae says it has reached a major milestone: 100,000 active users of its Encompass mortgage management solution.
The Encompass all-in-one mortgage management solution, Ellie Mae explains, allows banks, credit unions and mortgage lenders to originate and fund mortgages. The fully integrated platform has built-in compliance and quality tools, including the Ellie Mae Total Quality Loan Program, which help lenders create loans faster and more efficiently, while staying compliant with regulations and investor guidelines.
Jonathon Corr, president and chief operating officer of Ellie Mae, says mortgage compliance requirements are a "key driver for adoption of Encompass technology for banks of all sizes, with significant adoption from very large lenders."
In September, Ellie Mae rolled out a new release of the Encompass – which included more than 300 enhancements.