Texas Capital Bank now Live with Encompass Investor Connect for Warehouse Lending Services
First warehouse lender on platform offers workflow efficiencies for mutual customers while reducing workload
PLEASANTON, Calif. – Oct. 28, 2019 – Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, announced that Texas Capital Bank, a top three warehouse lender, is now live with Ellie Mae Encompass Investor Connect™ for Warehouse Lending Services, which provides automated funding requests and data delivery directly from their system of record to Texas Capital Bank.
Through Investor Connect for Warehouse Lending Services, warehouse banks such as Texas Capital Bank will benefit from automation that many of the industry’s largest investors are already experiencing. Investor Connect for Warehouse Lending Services automates the delivery of secure, complete loan information from lenders directly to warehouse bank platforms. With this solution, lenders can maximize productivity while warehouse banks can be confident new funding requests consistently meet quality and credit requirements – all within a central platform. Warehouse banks now have a way to communicate timely statuses and messages directly to the lender’s system of record ensuring speed, accuracy and compliance on every request.
“Texas Capital Bank is constantly looking for ways to leverage technology to make it easier for our clients to conduct business,” said Donnie Martin, Executive Vice President and Director of Warehouse Lending, Texas Capital Bank. “We are proud to be the first warehouse lender on the Encompass Digital Lending Platform. Now that we are live with Encompass Investor Connect for Warehouse Lending Services, we are able to receive funding information directly from our client’s loan origination system, which creates operational efficiencies, minimizes risk and reduces the workload for our mutual customers.”
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® digital mortgage solution to the investor. This improves pricing tiers and purchase times while enhancing efficiency, accuracy and compliance.
“Ellie Mae is proud to announce that Texas Capital Bank is the first warehouse lender to utilize Encompass Investor Connect,” said Parvesh Sahi, senior vice president of business development for Ellie Mae. “We have seen great momentum with Investor Connect, now with a top three warehouse lender and eight of the top 15 correspondent investors as our partners, we are looking to digitize the loan delivery process to ensure a complete and true digital mortgage experience. By partnering with warehouse lenders like Texas Capital Bank, we are working together to offer greater efficiency through automation, which benefits the ecosystem at large.”
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.
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