New England Mortgage Banker Implements Ellie Mae Solution

m Raveis Mortgage, a mortgage banker licensed in Connecticut, Massachusetts, New Hampshire and Rhode Island, has implemented Ellie Mae's Encompass Mortgage Management Solution Banker Edition as part of its growth plan for 2009 and beyond. The company's goal is to close $1 billion in loans per year moving forward, according to Janet Fell, senior vice president of technology and training for William Raveis Mortgage. She identifies technology as a key component of the company's growth strategy. The Encompass Banker Edition is specifically designed for banks and lenders of all sizes to manage their entire businesses, from customer acquisition to loan fulfillment, Ellie Mae says. Since its release roughly two years ago, Encompass Banker Edition has been implemented by more than 200 companies. "Before implementing Encompass Banker Edition, our technology had no capacity to lock loans and wasn't capable of handling secondary registration – we were in search of a system with a mortgage banking mentality, rather than a broker mentality," adds Fell. "Now, with Encompass Banker, the quality of our efficiencies has increased dramatically. We can request locks from right inside Encompass, where secondary can see every detail of the files they are locking." SOURCE: El


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