Ellie Mae Announces the Encompass Lending Platform
Open Lending Platform and Encompass Connect Solutions will deliver innovative capabilities, accelerate time to market and improve efficiency, loan quality and compliance
PLEASANTON, Calif. – October 24, 2016 – Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today announced the launch of Ellie Mae’s Encompass Lending Platform™. The Encompass Lending Platform gives customers, partners and independent software vendors a secure, scalable platform plus a suite of Application Program Interfaces (APIs) and developer resources to enable them to extend Encompass with new functionality, easily integrate Encompass with external systems and data, and build custom applications in the cloud.
Leveraging the Encompass Lending Platform APIs, Ellie Mae has built a suite of applications, branded as the Encompass Connect solutions, that will help improve visibility and collaboration between loan officers, third-party originators, developers and homebuyers. Ellie Mae’s Encompass Connect solutions provide unique user interface and functionality to improve the efficiency and collaboration of the various parties who are involved in the mortgage loan process. The first Encompass Connect Solutions include:
- Encompass TPO (Third Party Originator) Connect™ – Encompass TPO Connect offers wholesale and correspondent lenders a modern and collaborative web experience for their TPO partners that promotes compliance, data integrity, and easy sharing of data and documents, as well as bi-directional communication throughout the loan process.
- Encompass Loan Officer Connect™ – Encompass Loan Officer Connect provides a fast and easy way for loan officers to originate and track the progress of loans securely and instantly from any device, including mobile phones.
- Encompass Consumer Connect™ – Encompass Consumer Connect enables lenders to deliver a state-of-the-art engaging, self-service online loan origination experience for homebuyers that lenders completely control and can easily create.
- Encompass Developer Connect™ – Encompass Developer Connect provides developers with APIs, tools and a comprehensive developer portal they can use to create new features for Encompass, easily integrate Encompass with external systems and data, and build and deploy custom applications in the cloud.
The Encompass Connect solutions launch throughout the fourth quarter of 2016; Encompass Developer Connect will be available in the first quarter of 2017.
“To put it simply: with a platform approach to lending, the opportunities and ideas are endless. Today’s launch of the Ellie Mae Encompass Lending Platform puts more power into the hands of our customers, partners and developers, enabling them to rapidly extend, integrate, and build new capabilities with Encompass that serve to differentiate and grow their businesses,” said Jonathan Corr, President and CEO, Ellie Mae. “The Encompass Lending Platform helps us deliver on our mission of automating everything automatable in residential mortgages. It’s a giant step forward for the mortgage industry.”
“Ellie Mae’s Encompass Lending Platform is poised to revolutionize lending,” said Bill Cosgrove, President and CEO, Union Home Mortgage. “We’ll be able to build and launch new solutions more rapidly and with no added technology investment. The platform arms us with the capabilities we need to transform how we interact with and serve homebuyers while staying ahead of the competition.”
For more information on Ellie Mae’s Encompass Lending Platform, visit: http://www.elliemae.com/encompass/encompass-lending-platform
If you are at the MBA Annual Conference, learn more about the Encompass Lending Platform and the Encompass Connect Solutions by visiting the Ellie Mae booth #1425.
About Ellie Mae
Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass® all-in-one mortgage management solution, Mavent Compliance Service, and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit EllieMae.com or call 877.355.4362 to learn more.
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© 2016 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, DataTrac®, Ellie Mae Network™, Mavent®, Millennial Tracker™, Mortgage Returns®, Prospect Manager®, Total Quality Loan®, True CRM®, TQL® and the Ellie Mae logo are trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.