IBS Journal: The iconic monthly FinTech magazine

February 2020 issue out now! Subscribe now

Launching India FinTech Report 2020

Market sizing and forecast of Digital Lending, Payments, WealthTech & RegTech. Subscribe now

Leading Back Office Systems for Banks

In-depth Supplier Profiles and User Lists. Subscribe now

In-depth Banking Tech and FinTech Research

Over 300 research reports that's updated quarterly. Subscribe now

Ellie Mae to expand its Encompass Digital Lending Platform’s capabilities

Jonathan Corr
President and CEO at Ellie Mae

California based Ellie Mae, a provider of cloud-based platform for the mortgage finance industry, has announced the release of its Encompass Digital Lending Platform. Ellie Mae’s platform has been instrumental in enabling lenders to originate loans efficiently, access to lower origination costs and reducing the time to close.

According to the supplier, the new platform will help lenders of all sizes originate more loans across a wider variety of loan types, capitalize on the growing HELOC demand, sell and deliver loans more efficiently, provide a better loan officer experience and leverage the power of data to make better decisions faster.

“With this new release we’re providing lenders with enhanced support to capitalize on the growing HELOC opportunity, an expanding ecosystem of Investor Connect integrations and Loan Officer Connect updates to help lenders close loans faster while offering a best-in-class borrower experience”, said President and CEO of Ellie Mae, Jonathan Corr while commenting on his company’s newest release.

This release comes following multiple Ellie Mae partnership in recent times including one with AI Foundry to accelerate loan origination process, First Data and Roostify. These involvement have paved the way for great development in the Digital Lending Industry.

Some of the highlights of Encompass Digital Lending Platform 19.2 release include a temporary buydown and enhanced HELOC support, Encompass Consumer Connect Single Sign-On (SSO) supporting Okta, Salesforce and Microsoft Azure for SSO, loan officer workflow enhancements and new loan audit capabilities.

Related Posts