Ellie Mae offers Stewart flood determination servicesMortgagePress.comEllie Mae,Stewart flood insurance
Ellie Mae Inc. has partnered with Stewart Mortgage Information
(SMI) as a provider for flood determinations within its ePASS
Network online transaction platform. EPASS gives loan originators
immediate access to Stewart flood information directly from the
loan file--eliminating re-keying of data and returning a flood
report back to a users desktop within 60 seconds. Once downloaded,
the flood report is always accessible within the loan origination
system. SMI produces the highest-resolution flood hazard analysis
in the industry.
"We are pleased that Ellie Mae is confident in our ability to
fulfill flood determination requests for customers within its ePASS
Network," said Tara Williams, SMI senior vice president. "With more
than 40,000 mortgage lenders using this service, this integration
will make Stewart more widely available to the U.S. lender
community."
Through the partnership, Ellie Mae has included SMI as a flood
provider through all of their loan origination systems, including
Encompass, Genesis 2000 and Contour systems. The new arrangement
allows direct integration from Ellie Mae systems into Stewart Flood
Determination Services.
"This integration between ePASS and Stewart allows our mutual
customers to easily choose Stewart as a flood determination
provider, eliminating duplicate data entry and allowing users to
receive and access flood reports immediately," said Richard Roof,
senior vice president, Ellie Mae. "In addition, accessing Stewart
flood certs through ePASS allows lenders to maintain an electronic
binder or copy of the transaction."
SMI's digital database contains the flood zone status of more
than 150 million properties in the United States, Puerto Rico and
the Virgin Islands. Most flood determination orders are processed
and returned to customers within 60 seconds of a request.
For more information, call (888) 955-9100 or visit www.elliemae.com.
