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Ellie Mae’s new Encompass release emphasizes HMDA, digital mortgages

The latest version of Ellie Mae’s Encompass loan origination system (LOS) features the launch of new Freddie Mac integrations, updates to the Encompass Product and Pricing Service, new TPO Management Settings Reports, and new fraud and income verification options to the Total Quality Loan program, the company reports.

Ellie Mae Launches Updates To Encompass. president and CEO of Ellie Mae. "While data collection under the new Home Mortgage Disclosure Act (HMDA) begins in January of 2018, this release gives clients support in advance for the new fields to provide greater time to educate, train and prepare.

Ellie Mae has rolled out a major new release of its Encompass mortgage management solution that includes more than 300 enhancements designed to promote compliance, loan quality and efficiency. In terms of compliance updates, the platform now supports tests and eligibility determinations for the recently changed Veterans Affairs Qualified Mortgage (QM) rule.

Ellie Mae, a provider of innovative on-demand software solutions and services for the residential mortgage industry, recently announced that it has launched a new major release of Encompass, its all-in-one mortgage management solution. Encompass 17.2 enhancements are intended to help lenders of all sizes close more loans, shorten time to close and ensure compliance with regulatory standards.

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Ellie Mae Announces New Major Release of Encompass All-in-One Mortgage Management Solution Release Offers Additional 2018 HMDA and New Correspondent Trade Enhancements October 16, 2017 09:00 AM.

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.

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How To.Interested in closing more loans, faster, and at a reduced cost? Take advantage of our Digital Mortgage Webinars to learn how Ellie Mae’s all-in-one solution can help enable more productive interactions between lenders and borrowers.

HOME mortgage disclosure act (hmda) 5 ellie Mae’s HMDA Strategy Our goal at Ellie Mae is to make new data fields available well before the required data collection timeframes, so you can have adequate time to train your people. Our projected timetable is as follows: Q2/Q3 2017: Introduce all new fields and calculations.

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