Ellie Mae reports that it will be further integrating Fannie Mae's suite of risk management tools into its Encompass loan origination system.
The two companies will collaborate to provide their joint clients with enhanced functionality that will help ensure loans meet Fannie Mae requirements from eligibility to loan delivery, Ellie Mae says in a release.
The partnership means Fannie Mae's technology tools – including Desktop Underwriter, Collateral Underwriter and EarlyCheck – will be tightly integrated with Ellie Mae's platform.
The goal is to arrive at ‘a unified workflow environment in Encompass, giving lenders a more efficient process for delivering quality loans to Fannie Mae with greater certainty,’ Ellie Mae says.
In a release, Joe Tyrrell, executive vice president at Ellie Mae, says the additional integration ‘will make it even easier for our lenders to do business with Fannie Mae through a complete workflow that covers the entire loan cycle, from application to post-closing.’