Skip to main content

Ellie Mae Announces Launch of Its Encompass Product and Pricing Service

NationalMortgageProfessional.com
Jan 04, 2011

Ellie Mae has announced the launch of its Encompass Product and Pricing Service. This integrated service is powered by recently acquired Mortgage Pricing System’s LEAP loan eligibility and pricing product, which has been rebranded as an Encompass360 feature. Ellie Mae acquired substantially all the assets, including the LEAP loan eligibility and pricing product, of Mortgage Pricing System LLC in a transaction that closed on Jan. 3, 2011. Encompass Product and Pricing Service provides loan product eligibility and pricing information based on the specifics of each loan. It is available as an option to all Encompass360 clients directly from their Encompass360 systems. Ellie Mae’s existing relationships with product and pricing providers on the Ellie Mae Network will not be affected so users may also maintain direct access to their choice of the approved providers on the Ellie Mae Network. “Encompass Product and Pricing Service responds to our clients’ desire for a more seamless workflow while furthering our goal of providing a comprehensive solution spanning from customer acquisition to investor delivery,” said Jonathan Corr, chief strategy officer for Ellie Mae. “Encompass Product and Pricing Service adds important functionality that will enhance our clients’ ability to originate high quality and well executed mortgages.” “We are excited to become part of the Ellie Mae family,” said Tom Lyons, director of relationship management for Mortgage Pricing System. “Like MPS, Ellie Mae is a client-centric company focused on elevating loan quality. We look forward to extending the power of our solution to Encompass360 customers.” For more information, visit www.elliemae.com.
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021
CFPB New Rule Prevents Predatory Lending To Military Service Members

The CFPB stipulates its authority to examine supervised financial institutions for risk to active duty servicemembers and their dependents.

Industry News
Jun 16, 2021
Inventory Begins A Slow Recovery

Inventory grew 3.9% from April to May, according to Zillow's latest Market Report, after a year of steady decline.

Industry News
Jun 16, 2021