Tag Archives: Ellie Mae Encompass

SimpleNexus Extends Ellie Mae Integration with Hybrid eClosings for Mortgage Lenders and Borrowers

LEHI, Utah /ScoopCloud/ -- SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, today announced the availability of its recently launched hybrid eClosing feature on the Ellie Mae(R) Digital Lending Platform.

Ellie Mae, now a part of Intercontinental Exchange, Inc. (NYSE: ICE), is the leading cloud-based loan origination platform provider for the mortgage industry. The Ellie Mae Digital Lending Platform empowers lenders and investors to engage homebuyers and efficiently originate, close, sell and purchase loans that maximize ROI across their business all from a single system of record. The platform delivers a true digital mortgage experience across the entire mortgage workflow for every channel, every loan transaction and every customer type.

"A lender's need for simple, effective eClosing solutions has never been greater," said SimpleNexus CEO Matt Hansen. "SimpleNexus eClosing delights borrowers and turbocharges closing team efficiency, resulting in loans that can be sent off to investors sooner and with fewer errors. By shrinking the gap between loan funding and shipping, lenders can save money by reducing their dwell time on warehouse lines of credit. Additionally, borrowers now have one single portal from home search to home closing."

"We are thrilled to have SimpleNexus join our existing eClosing partners to extend the availability of hybrid eClosing solutions within the Ellie Mae Digital Lending Platform," said Ellie Mae Vice President of Business Development Bob Hart. "This partnership is a key step in expanding our ability to provide our lender customers with easy access to digitally closing loans quickly and safely."

SimpleNexus eClosing enables lenders to conduct hybrid closings for purchase and refinance loans, resulting in higher quality loans and faster delivery of those loans to investors. In a hybrid eClosing, borrowers electronically sign (eSign) home loan documents that do not require notarization before meeting with a settlement agent or notary to finalize the closing. Closing appointments are reduced to only a few minutes, since relatively few documents require in-person signatures.

About SimpleNexus, LLC:

SimpleNexus is the digital mortgage platform that enables lenders to originate and process loans from anywhere. The company's best-in-class, easy-to-use app connects loan officers to their borrowers, real estate agents and settlement service providers to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals and sign disclosures - all on the go.

Twitter: @SimpleNexus @EllieMaeInc #digitalmortgage #mortgagelending #domore #eClosing

*LOGO link for media: https://www.Send2Press.com/300dpi/19-0724s2p-simplenexus-300dpi.jpg

SimpleNexus, developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, today announced the availability of its recently launched hybrid eClosing feature on the Ellie Mae Digital Lending Platform.

Related link: https://simplenexus.com/

FormFree Enhances Encompass Consumer Connect® Integration with Auto-Population of Borrower Data into 1003 Loan Application

ATHENS, Ga. /ScoopCloud/ -- FormFree® today announced enhancements to the integration between its AccountChek® verification service and Encompass Consumer Connect®. Now, borrower data collected by AccountChek in Consumer Connect will automatically map to the Form 1003 (the Universal Residential Loan Application) in the Ellie Mae® Digital Lending Platform, saving lenders time and relieving them of the frustration and risk associated with manual data entry.

The upgrade also fully embeds AccountChek within the Consumer Connect user experience (UX) for easier borrower navigation and reduced application fall-out.

Ellie Mae, now a part of Intercontinental Exchange, Inc. (NYSE: ICE), is the leading cloud-based platform provider for the mortgage finance industry. The company's Consumer Connect is a mortgage point-of-sale platform that provides a scalable, intuitive experience for homebuyers while helping lenders close loans faster and convert more applications to closed loans.

FormFree's patented AccountChek and AccountChek Plus(tm) provide lenders actionable intelligence on borrowers' ability to repay loans by consolidating, analyzing and verifying asset account balances and details, employment data and income data obtained directly from financial institutions and other authoritative sources.

"FormFree expedites pre-approvals and increases loan pull-through by paperlessly verifying borrower asset, employment and income information in a single report at the point of sale," said FormFree Chief Technology Officer Brian Francis. "The latest enhancements to our Consumer Connect integration will make it easier and faster than ever for lenders to make informed credit decisions."

"As an Ellie Mae Consumer Connect user, we are excited about the recent enhancement to the AccountChek process. The enhanced integration means an easier application process, which supports our objective to continuously improve the member experience," said Dawana Manning, AVP of Loan Fulfillment, Residential Lending for Atlanta-based Delta Community Credit Union. "The increased efficiency gained by the automated addition of VOA [verification of asset] data to the loan application is a huge benefit to our lending team."

About FormFree:

FormFree is a market-leading fintech company whose revolutionary products AccountChek and Passport are changing the credit decisioning landscape and encouraging lenders nationwide to incorporate a more holistic view of each borrower's financial DNA. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree's patented verification reports representing over a trillion dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey(tm).

For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.

Twitter: @RealFormFree @EllieMaeInc @DeltaCommunity #ConsumerConnect #mortgageindustry #VOA

Ticker: NYSE:ICE / NY: ICE

FormFree today announced enhancements to the integration between its AccountChek verification service and Encompass Consumer Connect. Now, borrower data collected by AccountChek in Consumer Connect will automatically map to the Form 1003 (the Universal Residential Loan Application) in the Ellie Mae Digital Lending Platform, saving lenders time and relieving them of the frustration and risk associated with manual data entry.

Related link: https://www.formfree.com/

TRK Connection Announces Enhanced Integration with Ellie Mae’s Encompass Digital Mortgage Solution

SALT LAKE CITY, Utah /ScoopCloud/ -- TRK Connection (TRK), a leading provider of mortgage quality control (QC) and origination management solutions, announced that its flagship mortgage QC audit platform Insight Risk & Defect Management (RDM) is now available through the Ellie Mae Encompass Digital Lending Platform(TM) via Ellie Mae's Encompass Partner Connect APIs. TRK is the first QC audit technology provider currently integrated with Encompass(R) using these advanced and extensible APIs.

The seamless integration allows lenders to utilize Insight RDM for pre-funding and post-closing QC directly through Encompass to drive quality and efficiency in the loan origination process.

Insight RDM delivers industry-leading QC functionality to streamline the loan defect management and remediation process, helping mortgage lenders more efficiently track, report and trend loan defects to reduce repurchase risk and elevate loan quality. The enhanced integration also enables Insight RDM to use those data elements in conjunction with Ellie Mae's system of record to improve process flow, increase audit speed and provide additional automation in the loan file review process.

Examples of this include the ability to take advantage of loan origination milestones to trigger pre-funding quality control eligibility or to systemically attach documentation to reverifications. For users that have customized Encompass to store QC and defect data within the system, TRK will provide support for custom fields lenders have created within Encompass to support existing QC workflows.

"Having direct access to the Encompass Partner Connect APIs has allowed us to build an environment in which Insight RDM and Encompass work in seamless harmony to support lenders' quality control activities," said TRK Executive Vice President of Strategy Jeremy Burcham. "TRK is delighted to expand its relationship with Ellie Mae, and we look forward to continuing that expansion throughout the Ellie Mae solution ecosystem."

Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae's Encompass digital mortgage solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.

About TRK Connection:

Founded in 2013, TRK Connection prides itself on its ability to develop technologies that allow businesses to surpass their organizational needs and meet their business objectives. As an innovator in the mortgage origination and quality assurance space, TRK continues to develop and refine solutions geared to promote and strengthen the loan origination process, pre/post-close loan audits and the defect remediation process.

Currently, TRK offers solutions that support Mortgage Audit & Quality Control (Insight Risk & Defect Management(TM)), Loan Origination Vendor Management (Core Connect(TM)), Complete LOS Connectivity Platforms and more. For more information, visit http://trkconnection.com.

TRK Connection, a leading provider of mortgage quality control (QC) and origination management solutions, announced that its flagship mortgage QC audit platform Insight Risk & Defect Management (RDM) is now available through the Ellie Mae Encompass Digital Lending Platform via Ellie Mae's Encompass Partner Connect APIs.

Related link: http://trkconnection.com/