Ellie Mae has launched a new major release of its Encompass digital mortgage solution, Encompass 18.2 designed to help lenders of all sizes originate more loans, lower origination costs and shorten the time to close with compliance, efficiency and quality. Encompass 18.2 includes compliance updates related to Know Before You Owe (KBYO) and the Home Mortgage Disclosure Act (HMDA), and Construction Workflow and Correspondent Trades. Ellie Mae also announced plans for new innovative Encompass TPO Connect functionality that will be available later this month.
“Our mission is to provide complete digital mortgage technology to help our customers succeed by enabling them to close more loans by increasing efficiencies, reduce the time to close by offering intelligent automation and reducing the cost to originate,” said Jonathan Corr, President and Chief Executive Officer of Ellie Mae. “With the 18.2 major release of Encompass, we are providing expanded support and new capabilities to improve efficiency, transparency and workflow automation while offering the quality and compliance synonymous with the Ellie Mae name. Additionally, by offering an array of new functionality to Encompass TPO Connect, we're helping our third-party originators be more productive while growing their businesses.”