Correspondent aggregator PennyMac Corp. has completed its integration of Ellie Mae’s Digital Lending Platform to support its seller community. The integration will enable PennyMac to consolidate its consumer direct, broker direct and correspondent businesses on a single platform.
“Delivering innovation to benefit our customers through a truly unique experience is what makes Ellie Mae a valuable partner to us,” says Doug Jones, PennyMac president. “Our speed to market and common vision enabled us to pioneer Ellie Mae’s next-generation Digital Lending Platform. In less than a year, we’re live, giving us a cutting-edge opportunity to support all channels.”
The Ellie Mae Digital Lending Platform empowers lenders and investors to engage home buyers and efficiently originate, close, sell and purchase loans, all from a single system of record. The platform delivers a digital mortgage experience throughout the loan origination workflow, for every channel, loan transaction and customer type.
“This is only the beginning,” says Joe Tyrrell, president of Ellie Mae/ICE Mortgage Technology. “PennyMac and Ellie Mae share a common vision to continually improve levels of efficiency and intelligent automation to offer a truly digital mortgage experience throughout the entire lending process.”