CoreLogic’s verification of employment and income (VOE/I) solutions have been integrated into Encompass by Ellie Mae, the companies announced.
The integration enables mortgage lenders to receive automated and manual borrower employment and income verifications directly from Encompass.
“At CoreLogic, we are laser-focused on innovating solutions to help clients reduce time, touch and cost of every origination,” CoreLogic executive Jay Kingsley said in a release. “With this integration, CoreLogic has achieved a major milestone in our growth strategy for AutomatIQ Borrower and march toward the digital mortgage. We can now provide clients with access to our cutting-edge employment and income verification technology directly through the Encompass loan origination system.”
CoreLogic said its VOE/I solution is the only solution on Encompass that can verify every borrower, every time, while following updated Fannie Mae employment and income verification guidelines enacted in response to the coronavirus (COVID-19) pandemic.
“We are always looking for ways to offer lenders more value and digital mortgage innovation,” Ellie Mae Senior Vice President Parvesh Sahi said. “In today’s landscape especially, lenders are looking for solutions to help manage increased refinance demand, while also managing support for virtual workforces and consumer demand for online services. With the CoreLogic integration with Encompass, lenders can take advantage of their verification of employment and income capabilities for added speed, efficiency and compliance.”