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Mortech, a Zillow business providing mortgage technology solutions for mortgage bankers and secondary market teams, has announced a new integration between Mortech’s product and pricing engine (PPE) and secondary marketing solutions and Ellie Mae’s Encompass. The new integration eliminates manual data entry and enables lenders to automate the transfer of detailed loan pricing information from Mortech to Encompass. The integration also provides a feature-rich platform for Mortech to quickly implement pricing functionality enhancements within Encompass as the market changes.
“Pricing accuracy and time savings are vital to today’s mortgage lender, as both can have significant profit implications for lending institutions,” said Doug Foral, general manager at Mortech. “This advanced integration benefits our mutual customers by streamlining the loan pricing and origination process while providing lenders with access to important borrower, pricing, and secondary desk information from Marksman directly to Encompass. This integration significantly reduces workflow redundancies and session times. As a recognized PPE leader, Mortech is excited to extend our long-standing partnership with Ellie Mae®. Mortech is committed to continually evolving our product offerings based on customer needs and industry changes.”
The integration uses bi-directional data transfer to seamlessly move data between Marksman and Encompass. This provides instant access to Marksman “buy side” and “sell side” pricing and up to 11 granular levels of loan specific rate, price, profit, and adjustment information. Lenders also benefit from a unified lock process through Mortech’s lock desk and secondary tools available within Encompass, including historical pricing information for any changes in circumstance, worst case pricing, lock notifications, and change requests.
“We’re pleased to have Mortech’s new advanced integration features available in Ellie Mae's Encompass, providing the most efficient way for our mutual clients to access the pricing and secondary market information that they leverage from Mortech,” said Joe Tyrrell, executive vice president of Corporate Strategy at Ellie Mae.