Encompass360 Chosen by Union Mortgage as Management Solution
Ellie Mae has announced that Union Mortgage Group of Richmond, Va., a non-bank affiliate of Union First Market Bankshares, has selected Encompass360 as its mortgage management solution. Union Mortgage Group is a retail mortgage lender that operates in Maryland, North Carolina, South Carolina and Virginia and originates more than $1 billion in mortgages annually. The company was using multiple solutions and evaluated loan origination systems (LOSs) for six months before ultimately selecting Encompass360 for its end-to-end capabilities.
“We wanted an LOS that was fully integrated and had automated compliance so we could focus more time on our customers. When we saw the demonstration of Encompass360, the system sold itself,” said Rob Eastep, president and chief executive officer of Union Mortgage Group. “We’ve started the implementation and expect significant improvements in our day-to-day operational efficiency and customer service once the system is fully operational.”
Union Mortgage Group is utilizing Encompass360 and its integrated Encompass Compliance Service through Ellie Mae’s Success-Based Pricing model. This allows the company to pay for their software and services based on the number of loans they close every month.
“Increasingly, mortgage lenders are looking for end-to-end solutions to replace multiple systems that have been cobbled together and that are costing them time and money,” said Jonathan Corr, president and chief operating officer of Ellie Mae. “We’re pleased to help lenders like Union Mortgage Group improve their workflow and increase productivity and profits.”
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