Ellie Mae launches Encompass processing networkMortgagePress.comEllie Mae Encompass
Ellie Mae, an award-winning provider of innovative software and
services for the mortgage industry, has officially launched its
Encompass Processing Network, enabling originators using the
Encompass Mortgage Automation System to seamlessly leverage the
services of reliable contract processing companies.
"Our goal is to establish the mortgage industry's most trusted
source of easily accessible contract processing services," said
Joseph Puthur, director of hosted and professional services at
Ellie Mae. "With the launch of the Encompass Processing Network,
Encompass users now have immediate access to reliable,
knowledgeable and savvy contract processors. Today's mortgage
broker is challenged to locate and hire processors who can meet the
growing demands of origination and compliance. By leveraging the
Encompass Processing Network and its participating partners,
brokers are able to immediately connect with reliable processing
resources that lower operating costs and raise customer
satisfaction."
Ellie Mae has also recently added Nationwide Processing to its
select list of partners. Nationwide Processing is a Virginia-based
organization with a processing center in India. Unlike offshore
processing providers that have loans processed in an assembly-line
style, Nationwide Processing ensures that each loan is handled from
start to completion by the same processor. A three-year old
company, they provide contract processing services for Carteret,
one of the nation's largest branch organizations.
"We recognize that one big resistance to outsourcing loan
processing is simply a trust factor," explains Guru Amrit,
president of Nationwide Processing. "Outsourcing one's processing
is touching the heart of a broker's organization and therefore
trust is critical. Being one of the few members of Ellie Mae's
Encompass Processing Network instantly provides that trust, since
Ellie Mae is very selective in accepting partners to this
network."
At launch time, the Encompass Processing Network has a total of
four partners onboard. In addition to Nationwide Processing, the
network includes E-OPS Loan Processing, e4e and Contract Processing
Inc. Ellie Mae is evaluating additional contract processing
providers in order to offer Encompass users a wide range of
trusted, cost-effective loan processing options.
For more information, visit www.elliemae.com.
