Ellie Mae, a provider software and services for the mortgage industry, has announced version 3.5 of the Banker and Custom Editions of the Encompass mortgage management system, adding many new enhancements.
According to the company, the enhancements, which improve security and increase compliance, also streamline a number of tasks in loan processing, secondary marketing, process management, business management, and security and administration. The upgrades were implemented in direct response to needs expressed by Encompass users.
‘In today's market, bankers and brokers are more concerned than ever with achieving compliance and heightening their security measures,’ notes Jonathan Corr, chief strategy officer for Ellie Mae. ‘The truth is that issues like accuracy, security and compliance have taken center stage because they're so critical to achieving profitability and maintaining longevity, especially in this difficult down market.’
Among the enhancements, users will find improved Federal Housing Administration (FHA) support, which includes new input and output forms that reduce the time it takes to process FHA loans. Additionally, six dashboard improvements enable real-time reporting with higher customizability and filtering.
For the growing number of broker/bankers, Ellie Mae says it has added the ability to create channel-specific business rules that allow dual function operations to apply the appropriate security and business flow for loans that are banked versus brokered.
Source: Ellie Mae