Ellie has launched a new version of its Encompass lending platform, which it said will help lenders originate more loans, lower origination costs and shorten the time to close with compliance, efficiency and quality.
The latest version (19.1) includes expanded origination support for home equity lines of credit (HELOC), the addition of Americans with Disability Act capabilities within Consumer Connect and correspondent and wholesale lending enhancements.
“Ellie Mae is offering a true digital mortgage solution to help our customers succeed in today’s competitive marketplace,” Ellie Mae President and CEO Jonathan Corr said in a release.
“With this new release we’re offering multi-channel opportunities for growth with innovation to help lenders engage with more homebuyers, capitalize on the growing HELOC demand and boost loan acquisition productivity and efficiencies for correspondent and wholesale channels,” Corr said.