Welcome!

News Feed Item

CORRECTING and REPLACING Ellie Mae Launches New Consumer Direct Solution for Lenders

Sixth paragraph, fourth sentence should read: ...all data is stored in Ellie Mae’s highly secure SSAE-16 and SOC2 certified data centers and no data is stored on any device. (instead of ...in Ellie Mae’s highly secure SSAE-15...).

The corrected release reads:

ELLIE MAE LAUNCHES NEW CONSUMER DIRECT SOLUTION FOR LENDERS

Encompass Consumer Direct Provides Self-Service, 24/7 Online Access for Borrowers

Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today announced a new Consumer Direct solution for its Encompass® mortgage management solution.

Encompass Consumer Direct™ is a new self-service and lead-generation solution for lenders looking to enhance service and efficiency while catering to tech-savvy borrowers. Borrowers can access this highly secure web-based solution 24/7 to:

  • Research loan products and rates.
  • Apply for a loan through a guided, user-friendly interactive application.
  • Order and pay for credit reports.
  • Shop for loan programs and compare products and rates side-by-side.
  • Receive disclosures and online status updates about their loan from the lender.
  • Upload and electronically sign documents.

Encompass Consumer Direct takes the daunting task of applying for a mortgage and turns it into a guided step-by-step process that can take less than 15 minutes to complete. It also gives the borrower greater control and insight throughout the loan lifecycle.

Lenders can easily add their specific products using Encompass Product and Pricing Service™ and configure Encompass Consumer Direct to fit their business models. For instance, retail originators can forward completed loan applications to loan officers for follow-up and maintain the personal touch and one-on-one relationship with the consumer. Lenders can also incorporate their own branding to their consumer direct site and configure various modules to help consumers shop for and calculate loan costs, get more information about the lender, ask for assistance and finally apply for a loan.

The entire consumer experience is friendly, professional and interactive. Borrowers can access the site from their PCs and tablets and be guided step-by-step through the loan application process. If at any point they abandon the process, the system captures where they have been on the site, what products they considered and how far they progressed with the application.

Encompass Consumer Direct seamlessly ensures compliance. Encompass Consumer Direct correctly presents product, fee and pricing details, along with the appropriate disclosures. The single system of record eliminates multiple databases and keeps data consistent, compliant and easily accessible in the event of an audit. Encompass Consumer Direct provides a secure online experience: application data is protected by state-of-the-art encryption technology; all data is stored in Ellie Mae’s highly secure SSAE-16 and SOC2 certified data centers and no data is stored on any device.

“We see huge potential with Encompass Consumer Direct, especially in meeting the demands of our next generation of homebuyers – Millennials,” said Jeanie Nivison, chief operating officer of VanDyk Mortgage. “A great example is my own son, who does all of his research for financial products online. This is where VanDyk is headed and Encompass Consumer Direct can help us get there.”

“A growing segment of today’s borrowers are digital natives who are used to using technology to research products and handle complicated tasks, like filing taxes and making online purchase decisions,” said Jonathan Corr, president and chief operating officer of Ellie Mae. “Encompass Consumer Direct will give these borrowers the same self-service, time-shifting experience that they have become accustomed to. At the same time, it will help lenders expand their channel offerings, generate leads and convert and close more loans.”

Encompass Consumer Direct is available now. For more information about Encompass Consumer Direct, go to http://www.elliemae.com/consumer-direct.

Forward-Looking Statements

This press release contains forward-looking statements under the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include the capabilities, quality and reliability of the Encompass Consumer Direct and the benefits that individual lenders and investors may experience. Additional risks and uncertainties related to the Company’s business are discussed in the Company’s Securities and Exchange Commission filings, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2013. Unless otherwise required by applicable laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Ellie Mae

Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s all-in-one Encompass® mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.

© 2014 Ellie Mae, Inc. Ellie Mae®, Encompass®, DataTrac®, Ellie Mae Network, Total Quality Loan™, TQL™ and the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
SYS-CON Events announced today that App2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. App2Cloud is an online Platform, specializing in migrating legacy applications to any Cloud Providers (AWS, Azure, Google Cloud).
In his session at @DevOpsSummit at 20th Cloud Expo, Kelly Looney, director of DevOps consulting for Skytap, showed how an incremental approach to introducing containers into complex, distributed applications results in modernization with less risk and more reward. He also shared the story of how Skytap used Docker to get out of the business of managing infrastructure, and into the business of delivering innovation and business value. Attendees learned how up-front planning allows for a clean sep...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, shared examples from a wide range of industries – including en...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
Consumers increasingly expect their electronic "things" to be connected to smart phones, tablets and the Internet. When that thing happens to be a medical device, the risks and benefits of connectivity must be carefully weighed. Once the decision is made that connecting the device is beneficial, medical device manufacturers must design their products to maintain patient safety and prevent compromised personal health information in the face of cybersecurity threats. In his session at @ThingsExpo...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...