Ellie Mae and Pacific Union Financial, LLC Streamline Mortgage Technology Workflows
New process will enable Ellie Mae and Pacific Union joint customers to increase efficiency through streamlined loan data and document delivery
PLEASANTON, Calif. – March 19, 2018 – Ellie Mae® (NYSE: ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that Pacific Union Financial, LLC, a leading government lender, has partnered with Ellie Mae to leverage Ellie Mae’s Encompass® all-in-one mortgage management solution. This new technology will enable joint customers to deliver loan data and documents in a streamlined, efficient, and secure manner.
This new process helps facilitate loan data and document delivery directly from Encompass to Pacific Union instantaneously. Joint customers will experience a seamless, simplified workflow to help ensure that the information is accurate, organized, and securely transmitted. Going forward, the process with Encompass will eliminate the need to download and upload loan data in multiple locations, and instead provide a seamless transfer of data and documents directly from Encompass to Pacific Union Financial.
“Through our partnership with Ellie Mae, we will improve our efficiency by offering a secure, seamless data and document delivery workflow from their system of record,” said Warren Little, Chief Technology Officer at Pacific Union Financial. “We look forward to working with Ellie Mae to offer digital mortgage solutions that enhance customer service and business operations.”
Ellie Mae’s Encompass mortgage management solution offers a digital mortgage experience covering the entire loan lifecycle, so lenders can originate more loans, lower origination costs, and reduce time to close. Ellie Mae leverages a network of more than 230,000 users, thousands of service providers and millions of transactions every month.
“At Ellie Mae, our mission is to provide our lenders and partners with a true digital mortgage, which encompasses everything from consumer interest through loan delivery,” said Parvesh Sahi, senior vice president at Ellie Mae. “We are excited to partner with innovative lenders like Pacific Union Financial, who share our vision of leveraging automation in order to improve the process while also ensuring the highest levels of compliance, quality and efficiency.”
This press release contains forward-looking statements under the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include Ellie Mae’s ability to build functionality to transfer loan data from Encompass to Pacific Union Financial. Additional risks and uncertainties related to the Company’s business are discussed in the Company’s Securities and Exchange Commission filings, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2017, as updated from time to time by our quarterly reports on Form 10-Q and our other filings with the Securities and Exchange Commission. Unless otherwise required by applicable laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Pacific Union Financial
Pacific Union Financial, LLC is a full-service mortgage company located in Irving, Texas, with fulfillment centers in Texas and California and over 50 branches across the country. We originate and purchase residential mortgage loans through Wholesale, Retail, and Correspondent channels in addition to servicing a $26 Billion portfolio. Pacific Union Financial offers white glove service for borrowers with best to bruised credit. Visit www.PacificUnionFinancial.com today to see how we work hard to make mortgage easy.
About Ellie Mae
Ellie Mae (NYSE:ELLI) 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.
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