Ellie Mae has announced that
COCC, a client-owned financial technology company servicing financial institutions throughout the Northeastern U.S., has entered into a partner agreement with Ellie Mae. Through this partnership COCC will offer the Encompass all-in-one mortgage management solution to members of the COCC cooperative.
Ellie Mae’s Encompass all-in-one mortgage management solution offers a digital mortgage experience covering the entire loan lifecycle so lenders can originate more loans, lower origination costs and reduce time to close. Ellie Mae’s connected community includes 230,000 users and thousands of service providers, and the Ellie Mae Network processes millions of transactions every month, touching approximately 30 percent of the residential loans originated in the United States.
“Our mission is to be a trusted partner, delivering secure, quality solutions that drive the success of financial institutions,” said Matt L’Heureux, Senior Vice President and Chief Product Officer for COCC. “Through this partnership, COCC will provide Ellie Mae’s Encompass solution to our clients to help give them more control with functions and applications that improve efficiency, enhance quality and ensure compliance.”
Launched in 1967, COCC was founded by its clients. This unique cooperative structure has set COCC apart from the competition and is one of the driving forces behind their success. COCC is the fastest-growing financial data processing company in the United States and is recognized as a leader in delivering innovation and the quality service financial institutions demand and deserve.
“We are delighted that COCC has chosen to partner with Ellie Mae to offer our Encompass loan origination solution to the banks and credit unions in its cooperative,” said Cathleen Schreiner Gates, Executive Vice President of Sales and Marketing at Ellie Mae. “By providing these financial institutions with Ellie Mae’s Encompass, they can leverage our technology to originate more loans, lower the cost to originate and reduce their time to close, all with the quality and compliance needed to meet the changing industry requirements.”
