Ellie Mae has introduced Encompass Investor Connect, which establishes secure system-to-system workflows between lenders and correspondent investors – in turn, ensuring the delivery of accurate, compliant and tamper-proofed loan data and docs.
The newest in Ellie Mae’s Connect suite of solutions, Encompass Investor Connect replaces the Encompass Data & Docs Solution and is purposely built on the Encompass NG Lending Platform framework for a true digital mortgage experience, Ellie Mae explains.
The solution supports the needs of lenders and investors by removing the manual loan package delivery process by automating directly from the Encompass loan origination system (LOS) to the investor. This improves pricing tiers and purchase times while enhancing efficiency, accuracy and compliance, according to Ellie Mae.
“Unlike other delivery solutions, Ellie Mae’s Encompass Investor Connect provides validated and trusted data delivered right from the lender’s system of record,” says Joe Tyrrell, executive vice president of corporate strategy for Ellie Mae. “Ellie Mae is furthering our promise of a true digital mortgage by offering the first block of trusted data and seamlessly transferring it directly to investors, eliminating the need for imaging, indexing and revalidation.”
Ellie Mae notes that the solution is fully connected so that lenders have one system of record for loan data; it provides an all-in-one solution for compliance, quality and efficiency at every loan stage. Ellie Mae’s Connect solutions are built on the Encompass NG Lending Platform and use APIs to help improve visibility and collaboration between loan officers, home buyers, third-party originators and developers.
Ellie Mae currently has partnerships with correspondent investors such as Caliber Home Loans Inc., Flagstar Bank, Pacific Union Financial and Wells Fargo, with more partnerships to be announced in the coming quarters.