The lender reportedly looked at five different loan origination systems before selecting Ellie Mae's Encompass solution. The fully integrated, all-in-one solution helps lenders achieve compliance, improve loan quality and reap new efficiencies in the origination process, Ellie Mae says in a release.
With new Real Estate Settlement Procedures Act and Truth in Lending regulations set to take effect this summer, compliance was among the most important factors in the bank's decision.
‘Of all five systems we considered, only Ellie Mae seemed to be ahead of the curve with its Encompass technology enhancements and readiness initiatives to support the new integrated disclosures rules,’ says Ronni Guldberg, vice president of mortgage operations for Centier Bank, in a release. ‘The other providers we looked at seemed to be stumbling through the new regulations, but Ellie Mae had done their research and really understood them.’
Encompass also aligned with Centier Bank's reputation for personalized service, industry best practices and a rewarding work environment.
‘We believe Encompass will help us attract and recruit talent, since having a compliant, streamlined lending process makes us a very attractive company for mortgage professionals,’ adds Jack Barkley, senior vice president and director of Centier Bank's residential lending division.
Since implementing Encompass in February, the bank has seen dramatic results, Guldberg says.
‘We aren't using all these other software programs anymore because a lot of them are already integrated into the Encompass all-in-one solution,’ he says. ‘It's much easier for our loan officers – plus we have the ability to customize Encompass to fit the way we do business.’