Ellie Mae has enhanced its Encompass Consumer Connect with the addition of identity, employment and income verification, the company announced.
Ellie Mae said the enhancements will help lenders engage with homebuyers and provide a more streamline application process to help foster interest, engage borrowers and convert opportunities. The enhancements include the integration of Experian’s CrossCore platform, which enables lenders to use a passive, multi-layered approach to establish identity and assess risk.
“Lenders are looking for more efficient ways to engage homebuyers and with these updates to Encompass Consumer Connect, we’re making it easier for borrowers to complete their loan applications,” Ellie Mae Executive Vice President of Corporate Strategy Joe Tyrrell said in a release. “Our recent enhancements to Encompass Consumer Connect offer identity, employment and income verification and an integration with Experian that simplifies and expedites key verification activities for an improved borrower experience.”
“At Experian, we are constantly innovating to modernize the mortgage process and support the industry’s evolution,” Experian Mortgage General Manager Michele Pearson said. “We’re proud to work with Ellie Mae to maximize the power of data and analytics to more quickly and accurately authenticate prospective borrowers, while helping businesses make smarter lending decisions.”