Ellie
Mae®, the leading cloud-based platform provider for the
mortgage finance industry, announced that Ellie
Mae Encompass Investor Connect, which provides automated delivery
and receipt of both data and documents directly from the lenders’ system
of record to correspondent investors, is now available for warehouse
lenders. Through Encompass Investor Connect, warehouse banks will now
receive the same benefit that many of the industry’s largest investors
experience by automating the interaction between Encompass and the
warehouse lender’s systems. Texas Capital Bank, a top three warehouse
lender, is the first to utilize Encompass Investor Connect from a
warehouse perspective. Ellie Mae has also announced a partnership with
MBMS, a leading provider of warehouse lending software, to simplify
integrations for warehouse lenders on their ProMerit™ platform, further
extending the ecosystem and increasing value for all participants.
For lenders, Encompass Investor Connect automates the delivery of
mortgage data elements and documents while eliminating the exportation
of insecure data. By leveraging a single system of record, the solution
mitigates managing various portals. And, by offering workflow
efficiencies for wire request status, release and stipulation
reconciliation, lenders can accelerate workflow and reduce the time from
funding to loan purchase.
Encompass Investor Connect is the secure system-to-system workflow
between lenders and correspondent investors that ensures delivery of
accurate and compliant loan packages as part of the Encompass®
Digital Lending Platform. It supports the needs of lenders and
investors, removing the manual loan package delivery process by
automating directly from the Encompass LOS to the investor. This
improves pricing tiers and purchase times while enhancing efficiency,
accuracy and compliance.
“With Encompass Investor Connect, we are now enabling funding requests
directly from Encompass. This speeds up key processes, reduces laborious
tasks and frees up liquidity and capacity for lenders while helping our
warehouse lenders grow their business along with simplifying the receipt
of data and documents,” said Parvesh Sahi, senior vice president of
business development, Ellie Mae. “And with Texas Capital Bank and MBMS
on board, we are already making it easier for lenders and warehouse
banks alike to achieve a true digital mortgage.”
For warehouse banks, Encompass Investor Connect automates the delivery
and receipt of data elements and documents from lenders and satisfies
the need for a uniform exchange of data. With this solution, warehouse
lenders can automate status and stipulation messaging while reducing
workload for mutual clients.
“Texas Capital Bank is constantly looking for ways to leverage
technology to make it easier to do business,” said Donnie Martin,
executive vice president, director of warehouse lending, Texas Capital
Bank. “With Ellie Mae’s Encompass Investor Connect, we will help our
clients achieve efficiencies in their business which in turn will
further strengthen our relationships and build our business.”
“We are excited to partner with Ellie Mae to offer the value of a fully
integrated solution between Encompass Investor Connect and ProMerit for
MBMS clients,” said Rich Berg, chief product and development officer,
MBMS. “This streamlined direct connection between our market leading
platforms provides increased efficiency in operations and a more
beneficial experience to clients, while continuing the push to a fully
automated warehouse lending experience with ProMerit.”
About Ellie Mae
Ellie Mae is the leading cloud-based platform provider for the mortgage
finance industry. Ellie Mae’s technology solutions enable lenders to
originate more loans, reduce origination costs, and shorten the time to
close, all while ensuring the highest levels of compliance, quality and
efficiency. Visit EllieMae.com or
call 877.355.4362 to learn more.
© 2019 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, Mavent®,
Velocify®, the Ellie Mae logo and other trademarks or service marks of
Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or
its subsidiaries. All rights reserved. Other company and product names
may be trademarks or copyrights of their respective owners.
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