TMS Partners With Ellie Mae to bring Encompass Investor Connect to Mortgage Lenders
October 17, 2018
TMS has announced a new partnership with Ellie Mae to help bring Encompass Investor Connect to market, as the two companies work together to drive efficiencies in correspondent lending through automation and faster turn times. TMS will be able to provide a state-of-the art digital process to its correspondent lenders, offering them a revolutionary way to sell their loans that ends the outdated and burdensome traditional process. The integration of Encompass Investor Connect with TMS’s propriety system KISS streamlines the process of delivering data and documents, allowing users to simply click one button and TMS will accept the loan data and documents directly into its system.
“We’re excited to be one of the initial correspondent investors to work with Ellie Mae to roll out this new level of automation to our lenders,” said Ali Vafai, TMS President. “As a first mover in the fintech space, we’re always looking for key partnerships that can make the mortgage process easier for our lenders, clients and borrowers. This integration adds to the strength of KISS and further provides our clients with the best systems and tools so they can confidently go out and win over market share.”
The direct system to system integration allows TMS to seamlessly accept loan data and documents, eliminating the need for the lender to download the loan file, save it and upload it into the system. The move will also reduce risks and enhance data security due to its document recognition and data-extraction technologies.
“Ellie Mae continues to automate everything from origination through purchase to help originators and purchasers achieve a true digital mortgage,” said Parvesh Sahi, Senior Vice President, Business Development, Ellie Mae. “Adding TMS to InvestorConnect will help both lenders and purchasers reduce costs and drive efficiencies. This ultimately benefits all constituents involved, including borrowers, lenders and purchasers, who manufacture loans with the Encompass Lending Platform.”
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