Ellie Mae has entered into a partnership agreement with a technology company that services financial institutions throughout the northeast, the companies announced.
Ellie Mae’s partnership will provide members of COCC’s cooperative access to Ellie Mae’s Encompass all-in-one mortgage management solution.
“Our mission is to be a trusted partner, delivering secure, quality solutions that drive the success of financial institutions,” COCC Chief Product Officer Matt L’Heureux said in a release. “Through this partnership, COCC will provide Ellie Mae’s Encompass solution to our clients to help give them more control with functions and applications that improve efficiency, enhance quality and ensure compliance.”
Encompass offers a digital mortgage experience covering the entire loan lifecycle designed to help lenders originate more loans, lower origination costs and reduce time to close.
“We are delighted that COCC has chosen to partner with Ellie Mae to offer our Encompass loan origination solution to the banks and credit unions in its cooperative,” Ellie Mae Executive Vice President of Sales and Marketing Cathleen Schreiner Gates said. “By providing these financial institutions with Ellie Mae’s Encompass, they can leverage our technology to originate more loans, lower the cost to originate and reduce their time to close, all with the quality and compliance needed to meet the changing industry requirements.”