Ellie Mae Releases New Version Of Encompass

Posted by Patrick Barnard on July 20, 2016 No Comments
Categories : Residential Mortgage

The latest version of Ellie Mae’s Encompass loan origination system (LOS) features the launch of new Freddie Mac integrations, updates to the Encompass Product and Pricing Service, new TPO Management Settings Reports, and new fraud and income verification options to the Total Quality Loan program, the company reports.

“The latest version of our Encompass all-in-one mortgage management solution will offer enhanced TQL capabilities, more customer choice with leading providers like First American Mortgage Solutions and DataVerify and updates to the Encompass Product and Pricing Service,” says Jonathan Corr, president and CEO of Ellie Mae, in a release. “And with this new release of Encompass, Ellie Mae is first to market with our integration with the new Freddie Mac Loan Product Advisor and Loan Quality Advisor, key elements of Freddie Mac’s Loan Advisor Suite. This release incorporates their tools directly into Encompass, offering our customers greater certainty and more streamlined workflow.”

Loan Product Advisor is the replacement for Freddie Mac’s automated underwriting system, Loan Prospector and the cornerstone tool of Freddie Mac’s Loan Advisor Suite. Loan Product Advisor is the next generation in the evolution of automated underwriting with a focus on further streamlining the underwriting process for greater efficiency.

In addition, Encompass will offer integration with Loan Quality Advisor, Freddie Mac’s risk and loan eligibility assessment tool. These integrations will allow lenders to originate loans within Freddie Mac guidelines more easily and with greater certainty, taking immediate advantage of the new features Freddie Mac is bringing to market.

For more, click here.

Register here to receive our Latest Headlines email newsletter

Leave a Comment