PLEASANTON, Calif.--(BUSINESS WIRE)--Ellie Mae® (NYSE: ELLI), the leading cloud-based platform provider for the mortgage finance industry, today announced Encompass Data Connect™ is now available for all lenders leveraging Ellie Mae’s Encompass® true digital mortgage solution. Encompass Data Connect is designed to help mortgage lenders make smarter decisions faster using real-time data.
“Encompass Data Connect is now available for all lenders using our Encompass NG Lending Platform,” said Joe Tyrrell, executive vice president of corporate strategy at Ellie Mae. “The early adopters of Encompass Data Connect are already leveraging the power of the solution to not just gain greater insight into their business, but to incorporate machine learning, artificial intelligence and process automation into their specific vision for their own unique digital mortgage. Encompass Data Connect unlocks the power of data to fuel intelligent automation and bring our lenders closer to the True Digital Mortgage.”
Encompass Data Connect gives lenders access to their standard and custom loan data fields in near real-time, empowering them to make timely, data-driven decisions to dramatically increase the velocity, efficiency and effectiveness of their business operations and realize significant competitive advantages. Lenders will be able to securely access their cloud-based, encrypted data at any time and from anywhere, to fully maximize the utility of existing reporting and business intelligence, gain actionable data insights faster to create innovative business opportunities and drive profitability.
Specifically, Encompass Data Connect gives lenders:
- Faster, smarter decision-making with near real-time access to their loan data
- Streamlined data access with no impact on Encompass performance
- Increased automation by unlocking data for machine learning and artificial intelligence
- Enhanced security through encryption of personally identifiable information
Ellie Mae’s Encompass® digital mortgage solution helps lenders succeed in today’s highly competitive, highly regulated market. The solution is fully connected so lenders have one system of record for loan data and provides an all-in-one solution for compliance, quality and efficiency at every loan stage. Ellie Mae’s Connect solutions are built on the Encompass NG Lending Platform and utilize APIs to help improve visibility and collaboration between loan officers, homebuyers, third-party originators and developers.
For more information about Encompass Data Connect, visit: https://www.elliemae.com/encompass/encompass-data-connect
About Ellie Mae
Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call (877) 355-4362 to learn more.
© 2018 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.