twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Mortgage Technology news
Technology news for originators, executives and servicers. Coverage of LOS systems, loan product and p r i c i n g engines and other technology offered to the mortgage industry.

LOS Providers Address TRID

Recent LOS enhancements

July 20, 2015

By SAM GARCIA Mortgage Daily

portrait of Sam Garcia

Developers of loan origination systems have been busy improving their products with features that will help lenders be compliant with integrated disclosure requirements. Other LOS enhancements include the integration of settlement fees and advanced signature capabilities.

An independent ROI Benchmark study conducted by MarketWise Advisors LLC reportedly showed that Ellie Mae Inc.'s Encompass all-in-one mortgage management solution provided as much as $970 of potential savings and value per loan, a recent news release from Ellie said.

The survey, which was commissioned by Ellie, was conducted in the fourth quarter of last year and measured results from actual clients of Ellie. The savings came from reduced origination costs, improved operational efficiencies and increased loan quality and compliance.

Title insurance and settlement fees from Mortgage Information Services Inc. have been integrated into Encompass360. The fees will be automatically be populated in loans.

MIS noted that the move was made in anticipation of integrated disclosures that will be required by the Truth in Lending Act and the Real Estate Settlement Procedures Act.

Both MIS and Ellie are Mortgage Daily advertisers.

Advanced electronic signature capabilities have been integrated into Encompass through a partnership with DocuSign Inc.

Pleasanton, California-based Ellie said earlier this month that LenderFi had selected Encompass as its platform for originating mortgages.

In addition, Centier Bank in Merrillville, Indiana, has become an Encompass client.

"Of all five systems we considered, only Ellie Mae seemed to be ahead of the curve with its Encompass technology enhancements and readiness initiatives to support the new integrated disclosure rule RESPA-TILA," Centier Bank Vice President of Mortgage Operations Ronni Guldberg said in the announcement.

Another client of Ellie, Denali Alaska Federal Credit Union, has reportedly had great success since implementing Encompass in January 2014. Jim Picard was quoted in the recent announcement as saying that the credit union has had no repurchase demands since implementation.

In West Palm Beach, Florida, OpenClose recently announced that product upgrades to its OC Optics enables users of its LenderAssist LOS platform to analyze activities happening in their retail, wholesale and correspondent channels.

Point 9.2 will help mortgage companies deliver accurate, compliant TRID Loan Estimates and Closing Disclosures, software developer Calyx Software said last month.

The Dallas-based company said Point 9.2 automates the TRID forms while preserving the old disclosures through TRID implementation -- which is likely to occur in October.

A week ago, Black Knight Financial Services announced that W.R. Starkey Mortgage LLP signed on to use its Empower LOS and its SalesEdge Solution.

"We were looking for a comprehensive LOS that would offer greater scalability to accommodate our growth strategy," W.R. Starkey Mortgage President Jim Clapp was quoted as saying in the news release. "With its proven success and continuous updates to support regulatory requirements, we felt the Empower system was the right choice to help us expand our originations operations."

Sam Garcia founded Mortgage Daily in 1998 and became its full-time publisher in 2000. Prior to his news career he worked in mortgage lending for two decades.

[email protected]

Mortgage Compliance News | Mortgage Compliance Newsletter | Mortgage Regulations
News about complying with mortgage laws, rules and regulations.

Credit Union news

Bank news

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders