Skip to main content

Ellie Mae Launches New Version of Its Encompass Digital Mortgage Solution

NationalMortgageProfessional.com
Oct 29, 2018
Pleasanton, Calif.-based Ellie Mae has announced its acquisition of Capsilon, a provider of AI-powered mortgage automation software for mortgage lenders, investors and servicers

Ellie Mae has announced that it has launched a new major release of Ellie Mae’s Encompass digital mortgage solution (Version 18.4). The latest release will help lenders of all sizes originate more loans, lower origination costs and shorten the time to close with compliance, efficiency and quality. Key highlights include enhanced HELOC support, Encompass Dynamic Data Management and Mortgage Insurance Support for the Ellie Mae Total Quality Loan Program.
 
“Ellie Mae is offering a complete digital mortgage solution to help our customers succeed in today’s competitive marketplace,” said Jonathan Corr, President and Chief Executive Officer of Ellie Mae. “With this new release we’re offering innovation, enhancements and support so our lenders can grow their businesses with HELOCs, operate more efficiently using Encompass Dynamic Data Management, provide a more streamlined mortgage process with centralized service ordering, and achieve complete compliance.”
 
Key highlights for the Encompass 18.4 release include: Enhancements for Expanded HELOC Support; Mortgage Insurance Service for Ellie Mae Total Quality Loan (TQL); and Encompass MI Service within Ellie Mae TQL New Way to Automate Data Entry.
 
“Encompass Dynamic Data Management is an amazing new feature that provides Encompass Administrators an incredibly powerful set of tools for automating data input in Encompass,” said Adam Ard, Implementation and Development Lead for New American Funding. “We are extremely excited for the release of Encompass Dynamic Data Management functionality because of the dramatic improvements it provides in flexibility, maintainability, visibility and control of systematic data automation. This will greatly benefit companies of all sizes with its intuitive settings structure and seamless end user experience.”

 
Published
Oct 29, 2018
More from
Tech
Build A Better Tech Stack

Re-Inventing The Mortgage Lending Business

Tech
Oct 26, 2021
Fintech Mortgage Lender Button Finance Raises $2M Seed Round

Button Finance Inc. a fintech mortgage lender focused on home equity, closed a $2 million seed raise.

Tech
Oct 25, 2021
Total Expert Introduces New Functionalities And Products For Banks And Lenders

Total Expert upgraded its CRM and customer engagement platform with a series of new functionalities and products.

Tech
Oct 22, 2021
Blend Launches New Income Verification Product

Blend Income Verification is a new product for financial services firms that provides instant income verification for mortgages and soon, consumer loans and deposit account opening.

Tech
Oct 21, 2021
ICE Mortgage Announces 0 Percent Loans For HFA Borrowers

ICE Mortgage Technology's latest Encompass update, Encompass 21.3 supports the ability for lenders to offer 0% loans.

Tech
Oct 20, 2021
FormFree Taps Amazon Web Services For Consumer Financial Identity Solutions

FormFree will use Amazon's blockchain technology to manage its latest consumer Financial DNA solution and its newly introduced FormFree Exchange.

Tech
Oct 19, 2021