Skip to main content

Encompass360 Chosen by Union Mortgage as Management Solution

NationalMortgageProfessional.com
Aug 28, 2013

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.”
More from
Tech
Fraud Detection Transitions To Digital Lending

Mortgage lenders faced $20 billion in mortgage lending fraud exposure last year, according to research from Point Predictive.

Tech
Jun 16, 2021
Radian Expands Integration With Mortgage Cadence

Radian Group Inc. expanded its integration with Mortgage Cadence to include Radian's title and settlement services with the Mortgage Cadence Platform.

Tech
Jun 16, 2021
Zillow Launches Zestimate With Neural Enhancements

Zillow launched major updates to its Zestimate home valuation model, including an updated algorithm.

Tech
Jun 15, 2021
MISMO Releases eMortgage Technology Certification Program

MISMO announced the release of an eMortgage Technology Certification program to assist lenders in finding products that comply with industry standards.

Tech
Jun 15, 2021
Maxwell Introduces MaxDiligence, Due Diligence And QC Service For Lenders

Digital mortgage platform Maxwell, released its latest tech-powered innovation, MaxDiligence to provide due diligence and quality control services for lenders.

Tech
Jun 15, 2021
The New URLA – What’s the Big Deal?

Lenders will need to update their technology stack to comply with the redesigned URLA.

Regulation and Compliance
Jun 14, 2021