Under the agreement, Pacific Union will leverage Ellie Mae’s Encompass mortgage management solution. Customers of both Pacific Union and Ellie Mae will be able to deliver loan data and documents from Encompass to Pacific Union more efficiently and in real time. Specifically, joint customers will no longer need to download and upload loan data in multiple locations. “At Ellie Mae, our mission is to provide our lenders and partners with a true digital mortgage, which encompasses everything from consumer interest through loan delivery,” said Parvesh Sahi, SVP at Ellie Mae.
“Through our partnership with Ellie Mae, we will improve our efficiency by offering a secure, seamless data and document delivery workflow from their system of record,” said Warren Little, Chief Technology Officer at Pacific Union Financial. “We look forward to working with Ellie Mae to offer digital mortgage solutions that enhance customer service and business operations.”
Ellie Mae’s Encompass Mortgage Solution helps lenders originate more loans with lower origination costs and a faster time to close. Encompass leverages the company’s network of more than 230,000 users, thousands of service providers, and millions of transactions every month.
Founded in 1997, Ellie Mae demonstrated Encompass Consumer Connect at FinovateSpring 2017. The online lead generation tool turns consumer interest into a mortgage application by letting the borrower complete an application, provide and receive information, and order services from a single platform. During the demo, presenter Jonas Moe, SVP of Market Strategy, demonstrated an API integration by showing off an Alexa integration with Encompass Plus– asking questions such as, “What loans have rate lock expirations this week?” and “Search for a better rate.” Ellie Mae is headquartered in Pleasanton, CA. Jonathan Corr is president and CEO.