Ellie Mae’s new Encompass release emphasizes HMDA, digital mortgages
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Releases Drive Quality, Compliance and Efficiency for Encompass and Encompass TPO Connect. PLEASANTON, Calif. – April 16, 2018 – Ellie Mae (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that it has launched a new major release of its Encompass digital mortgage solution.
The latest version of Ellie Mae’s Encompass loan origination system (LOS) features the launch of new Freddie Mac integrations, updates to the Encompass Product and Pricing Service, new tpo management settings reports, and new fraud and income verification options to the Total Quality Loan program, the company reports.
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Ellie Mae has launched a new major release of its encompass digital mortgage solution, Encompass 18.2 designed to help lenders of all sizes originate more loans, lower origination costs and shorten the time to close with compliance, efficiency and quality.
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Ellie Mae has rolled out a major new release of its Encompass mortgage management solution that includes more than 300 enhancements designed to promote compliance, loan quality and efficiency. In terms of compliance updates, the platform now supports tests and eligibility determinations for the recently changed Veterans Affairs Qualified Mortgage (QM) rule.
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Ellie Mae Launches Updates To Encompass. president and CEO of Ellie Mae. "While data collection under the new Home Mortgage Disclosure Act (HMDA) begins in January of 2018, this release gives clients support in advance for the new fields to provide greater time to educate, train and prepare.
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Interested in closing more loans, faster, and at a reduced cost? Take advantage of our Digital Mortgage Webinars to learn how Ellie Mae’s all-in-one solution can help enable more productive interactions between lenders and borrowers.
Ellie Mae launched a new version of Encompass, its mortgage management solution, adding extensive updates to support construction loans. The newest 17.1 update also introduces better integration.
Ellie Mae Announces HMDA Readiness Initiatives. of HMDA which provides a functional understanding of the Home Mortgage Disclosure Act and Reg. C.. 2017 Ellie Mae, Inc. Ellie Mae, Encompass.