IBSI Announces Subscription Flexibility !

IBS Journal now starts at £9 per issue, and custom Reports at 40% off
READ MORE

First Data has announced an integration with the Ellie Mae Encompass Consumer Connect lending platform.

Together, the two companies will integrate  payments technology to process mortgage and appraisal fees, allowing Ellie Mae customers to accept payment for all costs related to the lending process—including loan origination, processing, underwriting, and credit reports.

“First Data is thrilled to deliver our fast, simple and secure payment technology to the banks, credit unions, and mortgage lending companies Ellie Mae serves,” said Jeff Shanahan, Executive Vice President, Head of CardConnect at First Data. “Our relationship will enable Ellie Mae to deliver a simple and secure solution for its clients and further enhanced consumer engagement for lenders.”

Through this relationship, Ellie Mae will leverage the BluePay Gateway, which is now part of the CardConnect ISV platform. First Data’s CardConnect and BluePay, have recently consolidated into a single integrated payments platform under the CardConnect brand. This overall ISV offering allows software companies to more easily add secure payment processing within SaaS, mobile and point-of-sale applications.

In 2017, Ellie Mae reported total revenue of $417 million. Ellie Mae serves 3,500 financial institutions and mortgage lending companies, and processes more than one-third of mortgage loan applications in the U.S. Ellie Mae has been an enterprise merchant of BluePay since 2010.

by Alex Hamilton
Alex is Senior Reporter at IBS Intelligence, follow him on Twitter or contact him at: alexanderh@ibsintelligence.com
imp-loader
preloader