Freddie Mac Announces Integration With Ellie Mae's Encompass
Ellie Mae has announced that it will integrate Freddie Mac’s Loan Product Advisor into Ellie Mae’s Encompass all-in-one mortgage management solution this summer in conjunction with Freddie Mac’s phased rollout of their Loan Advisor Suite. The Loan Advisor Suite is designed to give Freddie Mac customers quick access to loan data and Freddie Mac’s full array of loan production and delivery tools through a single sign-on portal and/or their loan origination system. Loan Product Advisor, the next generation of Loan Prospector, is the cornerstone of the Loan Advisor Suite. The integration of Loan Product Advisor into Ellie Mae’s Encompass as soon as it is released by Freddie Mac will allow Ellie Mae customers to originate loans within Freddie Mac guidelines more easily and with greater certainty, taking immediate advantage of the new features Freddie Mac is bringing to market.
“We are very pleased with the progress we’ve made so far with Ellie Mae and are looking forward to the enhancements to Encompass coming this summer,” said Andy Higginbotham, SVP of Single-Family Strategic Delivery at Freddie Mac. “Having Encompass tightly integrated with our industry leading Loan Advisor Suite will bring greater certainty and significant operational efficiencies to our lender customers.”
Ellie Mae’s Encompass solution enables banks, credit unions and mortgage lenders to create and fund mortgages in one system of record for compliance review, quality assurance and improved efficiency at every loan stage. Encompass is used by more than 180,000 contracted and thousands of lenders and partners, including seven of the 25 largest U.S. mortgage lenders.
“At Ellie Mae, our mission is to provide our lenders with innovative solutions that improve their efficiency at every step in the mortgage process,” said Joe Tyrrell, EVP of Ellie Mae. “By working alongside Freddie Mac to improve the way lenders work with their Loan Product Advisor through Encompass we can offer our customers a better and more streamlined process, making it easier for them to do business with Freddie Mac.”
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