Skip to main content

Finicity Integrates With Ellie Mae’s Encompass Platform

NationalMortgageProfessional.com
Aug 01, 2019
Finicity has announced the release of its new AssetReady Report that will rapidly identify a borrower’s assets using consumer-permissioned data during a lender’s pre-qualification process

Finicity and Ellie Mae have announced that Finicity’s digital Verification of Assets (VoA) solution is now available through Ellie Mae’s Encompass Digital Lending Platform.
 
Finicity and Ellie Mae have announced that Finicity’s digital Verification of Assets (VoA) solution is now available through Ellie Mae’s Encompass Digital Lending Platform“We believe that consumer expectations are driving the mortgage lending experience to one that is as simple and seamless as they’re having in other parts of their life, like e-commerce, ride-sharing and more,” said Steve Smith, chief executive officer and co-founder of Finicity. “We’re excited to partner with an organization like Ellie Mae, that shares this vision and is pushing innovation in the mortgage space.”
 
With more than 230,000 users and thousands of providers, Ellie Mae’s partner network processes approximately one-third of all the residential loans originated in the United States. As part of the partner network, Finicity will provide Ellie Mae customers with fast, frictionless asset verification.
 
“With the integration of Finicity’s digital Verification of Assets through our Encompass Digital Lending Platform, we are further enabling loan officers, processors and other key lender participants to reduce cycle-times and offer a more complete digital mortgage experience for their customers,” said Parvesh Sahi, senior vice president of business development for Ellie Mae.
 
The integration enables lenders to request a digital asset verification report. Once a request has been made, borrowers are asked to complete a simple online process to permission financial data they want included in the report. Lenders can then review the bank-validated report in near real-time, shortening the verification process from days to minutes.

 
Published
Aug 01, 2019
More from
Tech
AI Can Revolutionize Mortgage Licensing

Will AI unlock efficiency and accuracy in licensing or will it be an added compliance risk?

Sep 18, 2023
Snapdocs Promotes Michael Sachdev to CEO

Founder Aaron King becomes executive chairman.

Sep 14, 2023
Rate Table Roulette

Barrier to entry is steep in this direct-to-consumer advertorial method

Sep 07, 2023
Log In To Lock In

Meet the mortgage mavericks raking in followers on social media

Aug 29, 2023
Team Human

Tech innovations should assist — not replace — loan officers

Aug 29, 2023
When Chatbots Go Rogue

Threats are posed to customer service and needs

Aug 14, 2023