Investor
Relations

Ellie Mae Announces Encompass Investor Connect

May 21, 2018 at 9:00 AM EDT

Correspondent Investor Integrations with Caliber Home Loans, Flagstar Bank, Pacific Union Financial and Wells Fargo Offer Streamlined Closed Loan Delivery

PLEASANTON, Calif.--(BUSINESS WIRE)--May 21, 2018-- Ellie Mae® (NYSE: ELLI), the leading cloud-based platform provider for the mortgage finance industry, today announced Encompass Investor Connect™, the newest in the Connect suite of solutions, which establishes secure system-to-system workflows between lenders and correspondent investors, ensuring the delivery of accurate, compliant and tamper-proofed loan data and docs. Encompass Investor Connect replaces the Encompass Data & Docs Solution™ and is purposely built on the Encompass NG Lending Platform™ framework for a true digital mortgage experience.

Encompass Investor Connect supports the needs of lenders and investors, removing the manual loan package delivery process by automating directly from the Encompass LOS to the investor. This improves pricing tiers and purchase times while enhancing efficiency, accuracy and compliance.

Today, Ellie Mae has partnerships with correspondent investors including Caliber Home Loans, Inc., Flagstar Bank, Pacific Union Financial and Wells Fargo, with more partnerships to be announced in the coming quarters.

“Unlike other delivery solutions, Ellie Mae’s Encompass Investor Connect provides validated and trusted data delivered right from the lender’s system of record,” said Joe Tyrrell, executive vice president of Corporate Strategy for Ellie Mae. “Ellie Mae is furthering our promise of a true digital mortgage by offering the first block of trusted data and seamlessly transferring it directly to investors, eliminating the need for imaging, indexing and revalidation.”

“Last year we announced our integration with Ellie Mae to offer improved efficiencies and streamlined functionality for our correspondent sellers,” said Eric Stoddard, CMB, EVP, Wells Fargo Funding. “We are working toward our goal of a predictable delivery process with Encompass Investor Connect and coming together to make a digital mortgage a reality.”

We saw a four-day improvement in loan delivery to purchase, with no other changes to the process. We have increased our first-pass rate, which puts us in a better tier pricing, and we’re also turning our warehouse faster,” said Thomas Knapp, Chief Information Officer, Waterstone Mortgage Corporation.

Ellie Mae’s Encompass® digital mortgage solution helps lenders succeed in today’s highly competitive, highly regulated market. The solution is fully connected so lenders have one system of record for loan data and provides an all-in-one solution for compliance, quality and efficiency at every loan stage. Ellie Mae’s Connect solutions are built on the Encompass NG Lending Platform and utilize APIs to help improve visibility and collaboration between loan officers, homebuyers, third-party originators and developers.

For more information about Encompass Investor Connect, visit: https://www.elliemae.com/encompass/encompass-investor-connect

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.

Source: Ellie Mae, Inc.

Ellie Mae, Inc.
Erica Harvill, 925-227-5913
Erica.harvill@elliemae.com
or
Allison+Partners
Alexandra Gardell Kreuter, 646-428-0618
EllieMae@allisonpr.com