Ellie Mae releases Encompass 2.2mortgagepress.commortgage management system, loan technology, Ellie Mae
Ellie Mae Inc. has released version 2.2 of its Encompass
mortgage management system, which includes a number of new
features. An enhanced Good Faith Estimate (GFE) offers an expanded
list of itemized costs, intuitively grouped sections, comprehensive
summaries, auto-calculated yield spread premiums, easy-to-access
closing cost summaries, and direct access to key loan fields and
forms. California originators will benefit from automatic two-way
synchronization between the GFE and the Mortgage Loan Disclosure
Statement (MLDS).
Encompass 2.2 also offers Ellie Mae's Lead Center that delivers
leads in real time directly into the Encompass Contact Manager.
Loan officers and brokers can choose among several top-rated lead
providers, including Alansis and BigMortgageLeads.com. The Lead
Center also permits Encompass users to sign up for leads based on
selections and filters they define, from one or more of the
providers.
Additional highlights of Encompass 2.2 include interest-only
loans that offer a month selection, so users don't need to leave
the "Borrower Summary" section when entering data, and an option
for choosing the basis for the qualification ratio; a Contact
Manager that enables contacts to be searched based on marketing
communication history; a "My Loans" search that enables users who
are higher in the organizational hierarchy to quickly focus on
their loans; a "Contact Export Lockdown" feature that allows
administrators to restrict users from exporting their borrower and
business contacts; and auto loan numbering that works at the
organization level, enabling branches to have their own sequential
numbers. Loan officers can also enter their license number in the
settings so it can be automatically copied into their loan
files.
For more information, visit www.elliemae.com.
