Multiple loan origination systems are ready for upcoming changes to Home Mortgage Disclosure Act reporting requirements. Meanwhile, an LOS has been designed for hard-money lenders.
The release of Encompass 17.4
announced on Oct. 16 by Ellie Mae Inc. provides users with updates for collection and reporting changes required under HMDA next year.
Other changes to Encompass include
those for electronic enhancements and correspondent trade enhancements, according to Pleasanton, California-based Ellie, a Mortgage Daily advertiser.
“HMDA readiness remains a top priority for the entire mortgage industry, and Ellie Mae is committed to supporting our customers as they prepare by offering solutions, information, training and resources well in advance,” Ellie Mae President and Chief Executive Officer Jonathan Corr stated in the news release.
A separate statement indicated that Ellie is working with clients to ensure compliance with Uniform Closing Dataset
requirements that went into effect on Sept. 25.
Ellie recently announced that Stewart’s title and settlement services have been integrated into Encompass, while a partnership announced with Digital Risk will automate manual tasks and enhance quality control.
Also enhancing its LOS for new HMDA requirements was Applied Business Software,
a statement last month said. The Long Beach, California-based company’s LOS is The Mortgage Office.
An all-in-one customer relationship management system and LOS has been released by LendingWise.com, a press release last week said. The Miami-based firm said the solution, which it targeted at hard-money and private lenders, is both turn key and customizable. Third-party services can reportedly be ordered with a single click.
According to LendingWise.com, which previously operated under TheLoanPost brand, the solution “significantly increases the collaborative process between borrowers, brokers, processors, investors and other third parties involved in loan origination.”
Calyx Software said last month that products and pricing for Synergy One Lending’s wholesale division, MORE Lending, are now available through its Calyx Point.
The Path LOS from PathSoftware has
integrated with ComplianceAnalyzer, an Oct. 31 news release indicated.
The PreApp 1003
has been integrated into LendingQB’s LOS, a Nov. 8 statement said. The move enables borrowers to use mobile devices to move through the application process.
LendingQB said on
Oct. 23 that Ernst Publishing Co.’s automatic Fee Generator engine has been integrated into its LOS.
National Mortgage Insurance Corp. announced Tuesday that its private mortgage insurance is now available through Fiserv’s PCLender LOS.
Norcom Mortgage has signed on to use the RV Exchange LOS for home-equity conversion mortgages, ReverseVision announced last month.
