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.”