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Fannie Mae Integrates Its Suite of Risk Management Tools Into Encompass

NationalMortgageProfessional.com
Jul 22, 2015
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Ellie Mae has announced it has entered into a strategic partnership with Fannie Mae to further integrate Fannie Mae’s suite of risk management tools into Encompass, Ellie Mae’s all-in-one mortgage management solution. Fannie Mae and Ellie Mae will collaborate to provide joint clients enhanced functionality that will help ensure loans meet Fannie Mae requirements from eligibility to loan delivery. Fannie Mae provides a number of leading technology tools to help lenders improve the quality of loans they originate including Desktop Underwriter (DU), the industry’s leading automated underwriting system; Collateral Underwriter, an automated risk assessment tool for appraisals; and EarlyCheck, which helps lenders identify and correct loan issues before delivery to Fannie Mae. Joint customers will be able to leverage Ellie Mae and Fannie Mae leading technologies from within a unified workflow environment in Encompass, giving lenders a more efficient process for delivering quality loans to Fannie Mae with greater certainty. 

Ellie Mae’s Encompass enables banks, credit unions and mortgage lenders to create and fund mortgages and improve compliance, loan quality and efficiency. Encompass is used by more than 120,000 mortgage professionals and thousands of mortgage companies, including six of the 20 largest U.S. mortgage lenders.

“Our focus at Ellie Mae is to provide our lenders with innovative solutions for automating the entire loan process while ensuring the highest level of compliance, loan quality and efficiency,” said Joe Tyrrell, executive vice president at Ellie Mae. “Our strategic partnership with Fannie Mae will make it even easier for our lenders to do business with Fannie Mae through a complete workflow that covers the entire loan cycle, from application to post-closing.”

“We share a common goal with Ellie Mae, which is to provide best-in-class tools to our lenders,” said Steve Pawlowski, senior vice president of strategic initiatives and business solutions at Fannie Mae. “By partnering with Ellie Mae, we will leverage our combined technological innovation and expertise to create even greater automation and transparency. Together, we will provide our customers with greater certainty and access to technology that makes it easier to do business with us.  We look forward to working with Ellie Mae to enhance our value to lenders and help them succeed.”

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