Simplifile Integrates With Ellie Mae’s Encompass

Mar 07, 2017

Simplifile has announced that its Collaboration and Post Closing services will be available through Ellie Mae’s Encompass all-in-one mortgage management solution, allowing Encompass users to collaborate with settlement agents via Simplifile, and work together seamlessly on documents and disclosure data from pre-closing to post closing.

Simplifile Collaboration enables lenders to work directly with their settlement agents to share, receive, and validate disclosure data, documents, and transaction details. Simplifile Post Closing provides lenders with real-time updates on the recording status of documents, then closes the loop on the entire mortgage transaction by delivering the final title policy and fee data electronically. Both services automatically record any loan changes, updates, or deficiencies to generate an audit-ready compliance trail.

Ellie Mae is a provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass mortgage management solution provides one system of record that enables banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.

“Simplifile is delighted to partner with Ellie Mae,” said Simplifile President Paul Clifford. “With this secure, seamless integration, Encompass users gain visibility into settlement agent processes and will experience faster, more efficient mortgage closings. We look forward to a long, successful relationship with Ellie Mae.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Mar 07, 2017

Analysis and Data

A Decade Passed And The Homes Got Younger

New construction makes its way especially into certain U.S. cities, while borrowers purchasing more new housing stock

The median age of U.S. homes is now 45 years — think of a house built in 1980 — which is four years newer than the median home age a decade ago. Look closer, though, and you’ll find very different stories across particular states' and cities' markets. A new study from Pr...

Analysis and Data

IMBs Report Modest Losses Amid Rising Costs In Late 2024

Falling percentage of mortgage companies reporting a pre-tax net financial profit

Independent mortgage banks (IMBs) and the mortgage divisions of chartered banks reported an average pre-tax net loss of $40 per loan in the fourth quarter of 2024, a sharp reversal from the $701 per-loan profit recorded in the previous quarter, according to new data from the...