PriceMyLoan has announced an integration with Ellie Mae's Encompass360 Mortgage Management Solution. The integration allows users of Encompass360 to conveniently access automated underwriting and loan pricing decisions provided by the PriceMyLoan engine from within the Encompass360 system. "PriceMyLoan and Ellie Mae are leading technology providers in the mortgage industry," said Gigi Campbell, national sales director for PriceMyLoan. "Our integration creates tremendous value for mortgage bankers by providing a seamless process for originating, qualifying and pricing loans within a single platform."
Once a loan file has been created in Encompass360, the file’s data can be transmitted directly to PriceMyLoan's engine. Using investor guidelines, pricing matrices and rate sheets, PriceMyLoan returns accurate loan eligibility and pricing results back to the Encompass360 user within seconds. Product and pricing data is automatically transferred back onto the Encompass360 loan file when selected by the user.
"Encompass360 customers can now leverage the automated underwriting and pricing strengths of PriceMyLoan without disrupting the workflow of Encompass360™," said Richard Roof, senior vice president for Ellie Mae. "Our customers have come to rely on us to provide comprehensive access to the solution providers that enhance their business processes. As a market leader, Ellie Mae is committed to fostering productive partner relationships, and providing our customers with seamless, integrated access to high quality solutions like PriceMyLoan.”
For more information, visit www.EllieMae.com or www.pricemyloan.com.