Home Point Financial, a national correspondent lender and mortgage servicer, is deploying Ellie Mae’s Encompass Investor Connect solution.
“Home Point is committed to partnering with strong and stable technology providers to deliver a streamlined experience for our lender partners, both during these trying times and when it is business as usual,” says Home Point’s Steve Landes. “We are thrilled to extend our partnership with Ellie Mae by adding Investor Connect to the suite of products we already use from them.”
Investor Connect provides system-to-system workflow between lenders and correspondent investors to ensure delivery of accurate and compliant loan packages as part of the Ellie Mae Digital Lending Platform. It supports the needs of lenders and investors, providing a more efficient loan package delivery process by automating it directly from the Encompass LOS to the investor, the company says. With Encompass lenders representing a significant portion of all loans sold to closed loan purchasers, secondary market Investor Connect users are tapping into a large part of the industry while improving purchase times and enhancing efficiency, accuracy and compliance.
In addition to using Investor Connect, Home Point Financial leverages Encompass to process post-closed purchase reviews and Ellie Mae AIQ to help automate workflows and underwriting. Home Point has worked closely with Ellie Mae on the design and rollout of new products and has been investing heavily in technology systems to automate the mortgage process.