PennyMac to Leverage Encompass to Support Its Correspondent Business

Nov 13, 2019

Ellie Mae has announced that PennyMac Loan Services LLC, a subsidiary of PennyMac Financial Services, will leverage Ellie Mae’s Encompass Digital Lending Platform to support its correspondent business. This move expands PennyMac’s long standing relationship with Ellie Mae’s Encompass platform, allowing PennyMac to eventually consolidate its consumer direct, broker direct and correspondent businesses on a single platform.

Based on a successful partnership dating back to 2008, PennyMac recently reached out to Ellie Mae to inquire about expanding that relationship. Ellie Mae’s commitment to innovation, automation and value-added business solutions allowed it to meet PennyMac’s timeline and align with PennyMac’s business model.

“Ellie Mae shares our vision for world-class customer service, and in creating a differentiated experience for all of our clients,” said Doug Jones, PennyMac Loan Services president. “We believe in partnering with companies that offer the very best technology and client service, and Ellie Mae’s commitment to modern technology and practical business solutions were critical to our decision. In the near term, we are thrilled to leverage Ellie Mae’s next generation Encompass Digital Lending Platform within our correspondent lending channel.”

Jonathan Corr, president and CEO of Ellie Mae, said: “We have valued our relationship with an industry leader like PennyMac, which has always been at the forefront of innovation. We are excited to expand the relationship by providing a single platform to support all of PennyMac’s lending channels and to continue progressing our shared vision of intelligent automation to drive further efficiencies and value for PennyMac and its clients.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Nov 13, 2019

Analysis and Data

Bay Area Buyers Bring Bigger Down Payments As AI Wealth Grows

New Realtor.com report suggests AI-driven wealth is reshaping competition for homes across California's most expensive markets

Artificial intelligence may be creating a new class of homebuyers in California — and mortgage professionals are beginning to see the effects.A recent Realtor.com report found that Bay Area homebuyers are continuing to make unusually large down payments even as mortgage rate...

Operations

APM Acquires Synergy One Lending, Forms $14B Lender

The deal marks CEO Dustin Sheppard's first major strategic move since taking the helm at APM in October 2025

On June 5, American Pacific Mortgage (APM) acquired Synergy One Lending (Synergy One), combining two of the top-30 retail lenders in the country, per Modex, to build a national platform “for the next era of retail lending,” according to APM’s press release.Following the deal...

Jun

Brooklyn Park, MN

More from

Tech

Morningstar Adds AI Access To CMBS And CRE Analytics Platform

New capability lets users query commercial real estate and securitized credit data using natural-language prompts

Tech

Jun 05, 2026

ICE Joins Anthropic Cybersecurity Initiative

The parent company of Encompass, MERS, and Simplifile is deploying Anthropic's Claude Mythos AI model to identify software vulnerabilities across its technology platforms

Tech

Jun 04, 2026

LoanCare Launches Embedded Servicing Platform

New private-label solution integrates mortgage servicing functions directly into lender and bank digital channels

Tech

Jun 03, 2026

MortgageCoach Brings AI-Powered Borrower Advice Directly Into Encompass

Enhanced TrustEngine integration automates loan comparisons, surfaces borrower insights, and embeds presentation tools inside the LOS

Tech

Jun 02, 2026

Rocket Pro Launches $100K Broker Tech Pitch Contest

The winning idea will be built into a Rocket Pro technology product and unveiled at RPX in Detroit