Ellie Mae Inc. has joined the Electronic Signature and Records Association (ESRA), a trade association representing electronic signature adopters and providers. ESRA was founded in 2006 to educate businesses and the public about the legal, public policy, regulatory and operational issues involved with using electronic signatures and records. Its members include insurance and financial institutions, document and e-signature providers, and innovative technology providers such as Ellie Mae.
Used by more than 100,000 mortgage professionals, Ellie Mae’s flagship product, Encompass, is an all-in-one mortgage management solution that enables banks, credit unions and mortgage lenders to originate and fund mortgages efficiently with built-in compliance and quality tools.
“Digital signatures and electronic closings are a vital part of Ellie Mae’s mission to bring efficiency, loan quality and compliance to the mortgage industry,” said Joe Tyrrell, Ellie Mae’s senior vice president of corporate strategy. “By collaborating with ESRA and drawing on their expertise—as well as sharing our own experiences—we will all move much closer toward industry-wide acceptance of electronic signatures.”
As an ESRA member, Ellie Mae will have the opportunity to become involved in various public policy initiatives and promote the organization’s efforts and leadership by participating in ESRA-hosted events throughout the year.
“Ellie Mae is committed to providing seamless e-disclosures and e-closings as part of Encompass’ end-to-end automation capabilities,” said Harry Gardner, Ellie Mae’s vice president of eStrategies. “Electronic mortgages provide an advanced framework for addressing the requirements of RESPA-TILA, and can increase efficiency and data quality throughout the loan process. We look forward to working with ESRA to help the industry reach the tipping point of mainstream e-mortgage adoption.”