Notarize Announces Integration With Encompass by Ellie Mae
November 14, 2019
Notarize, the Boston-based company that enables an entirely online mortgage closing process, announced that its digital closing platform will be available through Ellie Mae’s Encompass digital mortgage solution.
According to Notarize, its Intelligent Closing Automation Platform manages more than 14.5 million rules, thus allowing lenders to either fully automate their operations or manually determine every loan’s eligibility for an online closing. To date, Notarize has helped people buy and sell more than $8 billion in real estate in an online-exclusive setting.
“This partnership is an enormous step toward our vision to enable anyone in America to click to close on their home,” said Notarize Founder and CEO Pat Kinsel. “Our mission is to help people get into their dream home faster and for less cost. Digitizing the closing is the last thing keeping lenders from meeting consumers’ expectations. We’re proud to partner with Ellie Mae to help lenders realize the vision of the complete digital mortgage process.”
Parvesh Sahi, senior vice president of business development at Ellie Mae, noted: “We are thrilled to partner with Notarize to provide added value to Ellie Mae customers. Through this integration, our customers will be able to automate key workflow to determine online closing eligibility. This ultimately saves time and reduces friction in the loan origination process, a benefit as lenders look to close loans faster and provide a more seamless experience.”
Notarize becomes the latest industry firm to partner with Encompass, as earlier this week, PennyMac Loan Services LLC, a subsidiary of PennyMac Financial Services, announced that it will leverage Ellie Mae’s Encompass Digital Lending Platform to support its correspondent business.
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