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Four more years: What the Bush reelection means for the mortgage industry

Dec 29, 2004

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.
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Dec 29, 2004
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