Steve Butler, Founder and General Manager of AI Foundry

Ellie Mae has announced a partnership with AI solutions provider, AI Foundry. The partnership aims to facilitate the integration of their respective technologies and accelerate the mortgage origination process.

According to the supplier, the partnership will provide numerous benefits including reduced time spent for loan officers to identify, collect and organize borrower documents in Ellie Mae’s Encompass, Digital Mortgage Solution; increase in processing efficiency by allowing loan processors to proactively identify and quickly act on missing or incomplete documentation; and reduced ongoing risk and quality management in the loan manufacturing process through real-time validations and verifications of information in Encompass with the information extracted from the documents.

“We are excited to become part of the Ellie Mae partner community. Our technology integration will provide the 3,000 mortgage lenders who use Ellie Mae solutions an onramp to Encompass that will significantly improve their productivity and drive their lending business forward,” said Steve Butler, Founder and General Manager of AI Foundry.

AI Foundry, the business unit of Kodak Alaris, designs and builds artificial intelligence solutions that automate mortgage processing. AI Foundry’s solutions enable banks and other lending institutions to streamline processes, create new business opportunities, manage compliance and drive bottom-line performance.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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