Press release

Ellie Mae Announces New Major Release of Encompass Digital Lending Platform

Sponsored by Businesswire

®, the leading cloud-based platform provider for the
mortgage finance industry, announced today that it has launched a new
major release of Ellie
Mae’s Encompass Digital Lending Platform™
. The latest release will
help lenders of all sizes originate more loans across a wider variety of
loan types, capitalize on the growing HELOC demand, sell and deliver
loans more efficiently, provide a better loan officer experience and
leverage the power of data to make better decisions faster.

“Ellie Mae is offering a true digital mortgage solution to help our
customers succeed in today’s competitive marketplace,” said Jonathan
Corr, president and CEO of Ellie Mae. “With this new release we’re
providing lenders with enhanced support to capitalize on the growing
HELOC opportunity, an expanding ecosystem of Investor Connect
integrations and Loan Officer Connect updates to help lenders close
loans faster while offering a best-in-class borrower experience.”

Key highlights for the Encompass Digital Lending Platform 19.2 release

Temporary buydown and enhanced HELOC support: The new major
release helps home builders with mortgage operations originate more
loans. This release offers the ability to filter change of circumstance
reasons, making it easier for the lender to re-disclose to the borrower.
Additionally, lenders who originate HELOCs will have enhanced payment
options to provide the most accurate DTI evaluation for underwriting and
sets expectations with the borrower for the initial estimated payment on
their HELOC.

Expanded Investor delivery services: Lenders can significantly
reduce the amount of time it takes to manually prepare loan packages
with the ability to deliver secure data and documents through Encompass
Investor Connect™ with a simple click of a button. Ellie Mae has
established partnerships with correspondent investors AmeriHome,
Flagstar Bank, Franklin American Mortgage, Mr. Cooper, NewRez (formerly
New Penn Financial), TMS and Wells Fargo, as well as other top ten
banks, with more partnerships to be announced in the coming quarters.

Encompass Consumer Connect Single Sign-On (SSO): Encompass
Consumer Connect™ now supports Okta, Salesforce and Microsoft® Azure for
SSO. This provides the ability to easily manage and secure
authentication while streamlining borrower login and access between a
lender’s corporate site, loan application and borrower portal.

Loan officer workflow enhancements: Lenders can close more loans
and provide a better borrower experience with the 19.2 enhancements to
Encompass Loan Officer Connect™. With service management capabilities,
administrators can now configure each service and control to begin to
automate the ordering of a service, such as credit, once a milestone has
been met. This is the first phase towards the vision for a fully
automated service ordering experience within Encompass Loan Officer
Connect that will be delivered throughout 2019.

With new Cash-To-Close and Affordability tools in Loan Officer Connect,
loan officers can provide prospective borrowers with multiple loan
scenarios that they are eligible to apply for within their financial
means. Loan officers will also benefit from the new at-a-glance
eligibility view across all of their opportunities, with one-click
ability to send eligibility letters to borrowers – all from their mobile

New loan audit capabilities: In addition to being the mortgage
industry’s only solution that helps lenders make smarter decisions
faster by providing access to all Encompass loan data fields in near
real-time, with no negative impact on their production systems,
Encompass Data Connect™ now helps lenders significantly improve loan
quality and reduce buyback risks with the ability to track changes to
loan files. The new loan audit capabilities give lenders full visibility
into all changes for every loan in a single system of record, for
comprehensive loan auditing, reporting and risk mitigation.

For more information about the Encompass Digital Lending Platform,

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, lower origination costs, and reduce the time to
close, all while ensuring the highest levels of compliance, quality and
efficiency. Visit
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.