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Ellie Mae Announces New Major Release of Encompass All-in-One Mortgage Management SolutionEllie Mae® (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that it has launched a new major release of Encompass, its all-in-one mortgage management solution. Encompass 17.4 enhancements help lenders of all sizes originate more loans, lower origination costs and shorten the time to close with efficiency, quality and compliance. Specifically, the new major release of Encompass includes additional updates for 2018 HMDA collection and reporting changes, electronic document enhancements and Correspondent Trade enhancements. "HMDA readiness remains a top priority for the entire mortgage industry and Ellie Mae is committed to supporting our customers as they prepare by offering solutions, information, training and resources well in advance," said Jonathan Corr, president and CEO of Ellie Mae. "With the 17.4 major release of Encompass, we are providing additional 2018 HMDA collection and reporting updates as well as Correspondent Trade enhancements. This comprehensive release offers technology to ensure complete compliance with regulatory updates, as well as the innovative capabilities that enable our banks, credit unions and mortgage lenders to originate and fund more loans, lower origination costs and shorten the time to close." The major release of Encompass 17.4 includes: 2018 HMDA Collection and Reporting Updates Ellie Mae is the industry compliance leader and is taking the most comprehensive approach by delivering solutions for lenders to be in complete compliance with the most automation and accuracy. Prior Encompass releases included enabling collection of 2018 HMDA data for Purchased and Originated loans, ongoing support of HMDA filing years, as well as enabling reporting on new Repurchased Loans tab and enhancements to the Demographic Information Data Points. Encompass 17.4 offers additional updates for 2018 HMDA collection and reporting including:
Encompass Electronic Document Management: Encompass customers can now complete check boxes, radio buttons and text boxes to go with the eSignatures and eInitials in electronic documents. Borrowers are offered a true paperless electronic document experience when completing standard forms generated by our Encompass Docs Solution™ which eliminates an extra step in the workflow. Correspondent Trade Enhancements:. Correspondent investors need the ability to identify loans and commitments as voided. Encompass 17.4 adds new void workflow at the trade loan level and at the trade level which includes trades view for voided loans, validation for the void process and auto-population of the voided dates to the Correspondent Loan Status screen for loans assigned to a voided trade. This helps lender relationships with investors who will save time processing voided transactions with the new workflow. For more information about Encompass, visit: http://www.elliemae.com/encompass/encompass-overview About Ellie Mae Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae's technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call (877) 355-4362 to learn more. Forward-Looking Statements This press release contains forward-looking statements under the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the benefits to Ellie Mae's customers of the Encompass 17.4 software release. These statements involve known and unknown risks, uncertainties, and other factors which may cause actual results to be materially different than those expressed or implied in such statements. The forward-looking statements included in this press release are made only as of the date hereof. Ellie Mae cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Ellie Mae expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances, unless otherwise required by law. © 2017 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners. View source version on businesswire.com: http://www.businesswire.com/news/home/20171016005326/en/ |