PLEASANTON, Calif.--(BUSINESS WIRE)--Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today that joint customers of Wells Fargo Funding and Ellie Mae are actively using new technology workflows to deliver loan data in a streamlined, efficient and secure manner.
The process helps facilitate loan data directly from Ellie Mae’s Encompass® all-in-one mortgage management solution to Wells Fargo and eliminates the need to download and upload loan data in multiple locations. The new workflow provides seamless transfer of data directly from Encompass to Wells Fargo and helps to ensure that the data is accurate, organized and securely transmitted.
Ellie Mae’s Encompass solution enables banks, credit unions and mortgage lenders to create and fund mortgages in one system of record for compliance review, quality assurance and improved efficiency at every loan stage. Ellie Mae has approximately 205,000 contracted users of Encompass, including seven of the 25 largest U.S. mortgage lenders.
“At Ellie Mae, our mission is to provide our lenders with innovative solutions throughout the entire loan process,” said Joe Tyrrell, executive vice president at Ellie Mae. “We understand the need for lender’s ability to seamlessly sell loans to our valued partners, like Wells Fargo. Today’s launch is just the beginning of the streamlined delivery workflow we are developing with Wells Fargo to give to our joint customers.”
About Ellie Mae:
Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass® all-in-one mortgage management solution, Mavent Compliance Service and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit EllieMae.com or call 877.355.4362 to learn more.
About Wells Fargo:
Wells Fargo & Company (NYSE:WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially.
© 2016 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, DataTrac®, Ellie Mae Network™, Mavent®, Millennial Tracker™, Mortgage Returns®, Prospect Manager, Total Quality Loan™, True CRM®, TQL™ and the Ellie Mae logo are 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.