Ellie Mae Announces Release of Newly Designed Desktop Underwriter Findings Report on Encompass Lending Platform
PLEASANTON, Calif. – October 15, 2018 – Ellie Mae® (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today the availability of the newly redesigned Desktop Underwriter® (DU®) Underwriting Findings (Findings) report on Ellie Mae's Encompass Lending Platform™. The newly improved DU Findings report will make it easier for lenders to navigate and take action and will reduce the time spent reading and interpreting Findings.
The new DU Findings report offers many enhancements that include:
- Improved readability resulting from bolding, bullets and coloring added to certain information in the summary sections.
- Track changes functionality that enables users to identify what messages have been changed, added, or deleted from the most recent submission as compared to the previous submission.
- Basic navigation functionality that enables users to quickly move from one section of the report to another.
- A Day 1 Certainty® message filter and persistent "Day 1" flags that make Day 1 Certainty messages easier to identify.
"Ellie Mae is focused on providing digital mortgage technology to help lenders close loans faster, reduce the time to close and lower the cost of origination," said Eric Connors, senior vice president, product management, Ellie Mae. "By offering the new Desktop Underwriter Findings through Encompass, we will continue to drive workflow and efficiency with a new modern look and feel that will enhance transparency and provide a simple way to view submission status."
"With an improved interface and user functionality, the new Desktop Underwriter® (DU®) Underwriting Findings Report will help lenders improve operational efficiencies and reduce loan origination cycle times," added Henry Cason, Fannie Mae's SVP and Head of Digital Products. "The speed at which Ellie Mae was able to incorporate these new enhancements will help ensure our mutual customers experience immediate value in their business."
Ellie Mae's Encompass digital mortgage solution offers technology covering the entire loan lifecycle so lenders can originate more loans, lower origination costs and reduce time to close. Ellie Mae's connected community includes 240,000 users and thousands of service providers and the Ellie Mae Network processes millions of transactions every month, touching more than 30 percent of the residential loans originated in the United States.
To learn more about Ellie Mae's Encompass Lending Platform, visit: https://elliemae.com/encompass/encompass-overview.
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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