has announced that it has launched a new major release of Encompass. Encompass 17.4
enhancements help lenders of all sizes originate more loans, lower origination costs and shorten the time to close with efficiency, quality and compliance. Specifically, the new major release of Encompass includes additional updates for 2018 HMDA collection and reporting changes, electronic document enhancements and Correspondent Trade enhancements.
“HMDA readiness remains a top priority for the entire mortgage industry and Ellie Mae is committed to supporting our customers as they prepare by offering solutions, information, training and resources well in advance,” said Jonathan Corr, President and Chief Executive Officer of Ellie Mae. “With the 17.4 major release of Encompass, we are providing additional 2018 HMDA collection and reporting updates as well as Correspondent Trade enhancements. This comprehensive release offers technology to ensure complete compliance with regulatory updates, as well as the innovative capabilities that enable our banks, credit unions and mortgage lenders to originate and fund more loans, lower origination costs and shorten the time to close.”
Ellie Mae is an industry compliance leader and is taking the most comprehensive approach by delivering solutions for lenders to be in complete compliance with the most automation and accuracy. Prior Encompass releases included enabling collection of 2018 HMDA data for Purchased and Originated loans, ongoing support of HMDA filing years, as well as enabling reporting on new Repurchased Loans tab and enhancements to the Demographic Information Data Points.
Additionally, to further prepare Ellie Mae clients in advance of the 2018 HMDA reporting changes, Ellie Mae has a substantial number of tools and resources available to help clients prepare and train internal teams.