New process will enable Ellie Mae and Pacific Union joint customers
to increase efficiency through streamlined loan data and document
PLEASANTON, Calif.--(BUSINESS WIRE)--Mar. 19, 2018--
Mae® (NYSE: ELLI), the leading cloud-based platform
provider for the mortgage finance industry, announced today that Pacific
Union Financial, LLC, a leading government lender, has partnered
with Ellie Mae to leverage Ellie
Mae’s Encompass® all-in-one mortgage management solution.
This new technology will enable joint customers to deliver loan data and
documents in a streamlined, efficient, and secure manner.
This new process helps facilitate loan data and document delivery
directly from Encompass to Pacific Union instantaneously. Joint
customers will experience a seamless, simplified workflow to help ensure
that the information is accurate, organized, and securely transmitted.
Going forward, the process with Encompass will eliminate the need to
download and upload loan data in multiple locations, and instead provide
a seamless transfer of data and documents directly from Encompass to
Pacific Union Financial.
“Through our partnership with Ellie Mae, we will improve our efficiency
by offering a secure, seamless data and document delivery workflow from
their system of record,” said Warren Little, Chief Technology Officer at
Pacific Union Financial. “We look forward to working with Ellie Mae to
offer digital mortgage solutions that enhance customer service and
Ellie Mae’s Encompass mortgage management solution offers a digital
mortgage experience covering the entire loan lifecycle, so lenders can
originate more loans, lower origination costs, and reduce time to close.
Ellie Mae leverages a network of more than 230,000 users, thousands of
service providers and millions of transactions every month.
“At Ellie Mae, our mission is to provide our lenders and partners with a
true digital mortgage, which encompasses everything from consumer
interest through loan delivery,” said Parvesh Sahi, senior vice
president at Ellie Mae. “We are excited to partner with innovative
lenders like Pacific Union Financial, who share our vision of leveraging
automation in order to improve the process while also ensuring the
highest levels of compliance, quality and efficiency.”
This press release contains forward-looking statements under the safe
harbor provisions under The Private Securities Litigation Reform Act of
1995. These forward-looking statements include Ellie Mae’s ability to
build functionality to transfer loan data from Encompass to Pacific
Union Financial. Additional risks and uncertainties related to the
Company’s business are discussed in the Company’s Securities and
Exchange Commission filings, including, but not limited to, the
Company's Annual Report on Form 10-K for the year ended December 31,
2017, as updated from time to time by our quarterly reports on Form 10-Q
and our other filings with the Securities and Exchange Commission.
Unless otherwise required by applicable laws, the Company undertakes no
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
About Pacific Union Financial
Pacific Union Financial, LLC is a full-service mortgage company located
in Irving, Texas, with fulfillment centers in Texas and California and
over 50 branches across the country. We originate and purchase
residential mortgage loans through Wholesale, Retail, and Correspondent
channels in addition to servicing a $26 Billion portfolio. Pacific Union
Financial offers white glove service for borrowers with best to bruised
credit. Visit www.PacificUnionFinancial.com
today to see how we work hard to make mortgage easy.
About Ellie Mae:
Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for
the mortgage finance industry. Ellie Mae’s technology solutions enable
lenders to originate more loans, lower origination costs, and reduce the
time to close, all while ensuring the highest levels of compliance,
quality and efficiency. Visit EllieMae.com
or call (877)355-4362 to learn more.
© 2018 Ellie Mae, Inc. Ellie
Mae®, Encompass®, AllRegs®,
the Ellie Mae logo and other trademarks or service marks of Ellie Mae,
Inc. appearing herein are the property of Ellie Mae, Inc. or its
subsidiaries. All rights reserved. Other company and product names may
be trademarks or copyrights of their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180319005267/en/
Source: Ellie Mae, Inc.
Pacific Union Financial
Brad Hoke, 469-804-1815
Erica Harvill, 925-227-5913
Gardell Kreuter, 646-428-0618