Technology service providers that provide loan origination systems to residential lending firms have enhanced, expanded and integrated their mortgage offerings. Compliance continues to be a top issue.
Ellie Mae Inc., a Mortgage Daily advertiser, announced that
Troy Kalis, director of mortgage lending and vice president at Frandsen Financial Corp., was the winner of its Super Power of One Contest.
The winning entry was based on photos and submissions by clients of the mortgage technology firm. Kalis will
be recognized later this month at the Ellie Mae Experience 2016 at the Wynn Las Vegas.
“Encompass is essential to our organization’s growth because it keeps us compliant, is user friendly, and gives us an effective way to communicate with our lenders,” Kalis wrote in his submission. “Encompass just makes our job easier.”
The Pleasanton, California-based
company
announced earlier this month the
launch of the Ellie Mae Pro consulting partner program. The program is designed to accelerate the adoption of its Encompass all-in-one mortgage management solution through partner consulting firms.
Last month, Ellie Mae reported that it had signed up as a client Sherman Oaks, California-based Prospect Mortgage, a 2,000-employee lender with 190 national locations.
“We were looking to implement a solution that included integration with key vendors but also boasted top-notch compliance,” Prospect Mortgage Chief Operating Officer Amy Schumacher was quoted as saying. “We looked at a number of solutions and we narrowed it down to Ellie Mae.”
A new closing conduit module was announced last month by Mortgage Builder. The add on is designed to significantly improve the collaborative process between lenders, settlement agents and other third parties as they finalize closing disclosures.
“Home closings are more efficient because loan originators do not need to exit the Mortgage Builder LOS as disclosures are finalized and more accurate because data is shared electronically,”
the Luxembourg-based firm stated.
Arch Mortgage Insurance Co. announced Friday that its offerings have been integrated with LendingQB. M.I. rate quotes can be requested, and mortgage insurance can be delegated, from withing LendingQB’s LOS.
“Providing seamless integrations to enable more efficient lending processes to our clients is a cornerstone of the Lean Lending strategy,” LendingQB President Binh Dang said in the news release.
