PriceMyLoan has integrated with Ellie Mae's Encompass360 Mortgage Management Solution, allowing users of the Ellie Mae technology to access automated underwriting and loan pricing decisions provided by the PriceMyLoan engine from within the Encompass360 system.
Once a loan file has been created in Encompass360, the file's data can be transmitted directly to PriceMyLoan's engine, the companies say. Using investor guidelines, pricing matrices and rate sheets, PriceMyLoan immediately returns loan eligibility and pricing results back to the Encompass360 user. Product and pricing data is automatically transferred back onto the Encompass360 loan file when selected by the user.
SOURCES: PriceMyLoan, Ellie Mae