NEW BRIGHTON, Minn. (6/21/13)--CU Mortgage, a retail and correspondent mortgage lender, has selected Ellie Mae's Encompass360 as its mortgage management solution.
CU Mortgage is part of the credit union service organization, CU Companies.
Ellie Mae provides enterprise-level on-demand automated solutions for the residential mortgage industry.
"We exist because our 66 owners and current 63 partners are looking for economies of scale to efficiently serve their marketplace," said Steve Albers, CU Companies senior vice president.
"We saw an opportunity in making this change to improve that scale. We also saw that it improved the level of service we can provide those users. Our mission is to gain their loyalty through personalized service and this solution answers that."
Using Encompass360, CU Mortgage will offer its users the ability to have online loan status information, pipeline exporting capabilities to Excel, interfaces with other mortgage application programs, precise loan locking features, and a simpler method for inputting borrower information.
Correspondent users will also experience faster document uploading and additional compliance support and data consistency checks. For retail users, CU Mortgage will complete a customized site. The retail user chooses between a short or long application for their borrowers to input information. Users can then add their other products and links back to their main website. Their borrowers also will have access to a mortgage glossary, mortgage calculators and a location to view current rates.