PLEASANTON, Calif.,
Nov. 16, 2020 /PRNewswire/
-- Ellie Mae®, the leading cloud-based platform provider for
the mortgage finance industry, and now ICE Mortgage Technology™, a
division of Intercontinental Exchange, Inc. (NYSE: ICE), today
announced the Encompass® 20.2 Major Release will include
enhancements for lenders to boost productivity across lending and
investing workflows.
"We are constantly innovating to deliver more automation to fuel
the digital mortgage on behalf of our lenders," said Joe Tyrrell, President, ICE Mortgage Technology.
"With this major release of Encompass, we are providing new levels
of automated service ordering, efficient and collaborative
workflows and the foundation for our hybrid eClosing which we are
launching in just a few weeks. This is mission critical for
lenders, especially when they are experiencing peak volumes, remote
workforces and homebuyers seeking high tech capabilities with human
touch availability."
Enhanced Condition Management: This major
enhancement offers lenders flexibility to support an omni-channel
approach and the ability to design around business process terms
and workflows for a better user experience. These conditions are
available in Encompass, Encompass LO Connect® and Encompass TPO
Connect®. Specifically:
- Updated functionality provides a more flexible,
lender-configurable model that can support omni-channel business
models
- Offers enhanced administrative tools to manage condition
templates
- Supports more granular options for condition management
controls
- Extends APIs to support external workflow engines
Reimagined Document Management: The new release
focuses on reducing the time it takes for lenders to save and open
loans as well as how lenders order and manage documents. The new
document viewer with cloud storage functionality further
contributes to gaining efficiencies when managing documents.
Specifically:
- Improved Performance: The new document viewer leverages cloud
infrastructure and performs automatic document conversation,
resulting in up to 5x faster uploads and instantaneous viewing of
pages. Lenders no longer need to wait for the entire file to
convert before viewing.
- New Experience and Editing Options: The new document viewer has
no third-party dependencies and offers a modern look and feel,
including side-by-side data and document comparison.
- New Encompass Developer Connect® v3 APIs: The new document
management workflow and document viewer leverage v3 of the
Encompass Developer Connect eFolder Attachment APIs. These APIs are
backward compatible to Encompass instances and are more efficient,
secure and utilize cloud storage. The APIs are available today at
developer.elliemae.com
"Our pilot lenders who have already been using these enhanced
capabilities have provided great feedback on their impact, speed
and performance," Tyrrell continued. "They were impressed by the
lightning upload speed and viewing performance improvements, they
loved the modern look and feel, and appreciated the omni-channel
business model support for greater flexibility. We look forward to
continuing to support our Encompass lenders by providing them the
automation and innovation they need to drive their businesses
forward."
Encompass offers lenders immediate savings and operational
improvements as the leading Loan Origination System (LOS) designed
to originate more loans, lower costs, reduce time to close, and
make smarter business decisions. For more information about how
Encompass can improve ROI, visit:
https://www.elliemae.com/encompass
About Ellie Mae
Ellie Mae, now ICE Mortgage
Technology, a division of Intercontinental Exchange, Inc.
(NYSE: ICE), is the leading cloud-based platform provider for
the mortgage finance industry. Ellie Mae's
technology solutions enable lenders to originate more loans,
lower origination costs, and reduce 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.
© 2020 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.
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SOURCE Ellie Mae