PLEASANTON, Calif. (7/22/15)--Ellie Mae will partner with Fannie Mae to further integrate Fannie Mae's suite of risk management tools into Encompass, Ellie Mae's all-in-one mortgage management solution.
The collaboration will help ensure loans meet Fannie Mae requirements from eligibility to loan delivery, the companies said. Joint customers, including credit unions, will be able to leverage Ellie Mae and Fannie Mae technologies from within a unified workflow environment in Encompass.
Ellie Mae's Encompass helps credit unions, banks and mortgage lenders to create and fund mortgages and improve compliance, loan quality and efficiency. Encompass is used by more than 120,000 mortgage professionals and thousands of mortgage companies, including six of the 20 largest U.S. mortgage lenders.
"Our focus at Ellie Mae is to provide our lenders with innovative solutions for automating the entire loan process while ensuring the highest level of compliance, loan quality and efficiency," said Joe Tyrrell, Ellie Mae executive vice president. "Our strategic partnership with Fannie Mae will make it even easier for our lenders to do business with Fannie Mae through a complete workflow that covers the entire loan cycle, from application to post-closing."
Added Steve Pawlowski, Fannie Mae senior vice president of strategic initiatives and business solutions: “We share a common goal with Ellie Mae, which is to provide best-in-class tools to our lenders. By partnering with Ellie Mae, we will leverage our combined technological innovation and expertise to create even greater automation and transparency. Together, we will provide our customers with greater certainty and access to technology that makes it easier to do business with us.”