Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Ellie Mae launches Total Quality Loan program
PLEASANTON, Calif. (6/1/11)--Ellie Mae, a provider of software and automation for mortgage lenders, including credit unions, has launched an initiative to promote total loan quality for loans originated through its Encompass360 Mortgage Management Solution. The Total Quality Loan program centers around a suite of services and secure, tamper-proof technology that helps users share the findings and data from those services with other stakeholders in the industry supply chain. Ellie Mae said it collaborated with secondary market investors to develop an understanding of user needs while shaping the program. Ellie Mae’s Total Quality Loan program includes its Encompass Compliance Service, which provides automatic compliance checks throughout the mortgage cycle, and its newly launched Encompass 4506-T Service, an integrated verification solution that allows Encompass360 users to electronically order tax-return data from the Internal Revenue Service and automatically compare it to the income stated by the borrower. The program also provides access to Fannie Mae’s EarlyCheck, a delivery data-check process identifying issues that could impair a loan’s salability early in the process, prior to loan delivery. Encompass360 users can connect to these services and view scores and results through the Total Quality Loan tool, a central onscreen access point within Encompass360. The tool provides real-time and past information, including the user’s order history and past results. Ellie Mae said it plans to integrate more services into the program, including a credit and collateral fraud prevention service powered by CoreLogic, later this year.


RSS print
News Now LiveWire
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
9 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
12 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
13 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
14 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
15 hours ago