Mortgage origination software provider Ellie Mae is doing what it can to lessen the impact of the coronavirus pandemic on lenders by adding new integrations that will make it easier to achieve a fully digital mortgage process.
Specifically, the company recently announced new integrations with remote online notarization firm Notarize and e-closing software firm Snapdocs.
Notarize allows signers to electronically review, sign and notarize real estate documents from anywhere in the world. By integrating Notarize with Encompass, lenders can “click-to-close” loans online and automate the entire closing workflow, Ellie Mae says in a release.
The Snapdocs integration creates an origination-to-closing table and back again connection, seamlessly unifying lenders, title, signing agents, and borrowers in a single workflow for every closing. The solution simplifies the closing process by offering a suite of closing tools, including borrower document preview, automated hybrid document sorting and annotating, RON, and more.
In addition to these integrations, Ellie Mae has updated its platform to support flexibilities announced by Fannie Mae, Freddie Mac, and the government agencies with regard to appraisal alternatives. This includes updates to the appraisal center to highlight different appraisal ordering options – including solutions geared for new social distancing constraints.
Ellie Mae partner Clear Capital recently launched OwnerInsight, a mobile appraisal solution that walks homeowners through the process of capturing interior/exterior photos and submitting information so that the appraisal process can be handled remotely, thus keeping homeowners and appraisers safe.
Ellie Mae says its updated integrations with auto-verification solutions providers FormFree and Finicity give further strength to its platform with regard to achieving a fully digital mortgage process.