![]() ![]() #Encompass 360 for mac updateFirst, the Trade Update Queue allows multiple loan trades, mortgage-backed securities (MBS) pools or correspondent trades to be processed in an update queue that runs in the background providing added efficiencies while users continue their day- to-day work. Trade Management EnhancementsĮncompass 17.1 includes several Trade Management updates. This is designed to streamline the closing process within Encompass for loans sold to Freddie Mac. This integration helps lenders validate that their closing data meets the UCD data quality and purchase eligibility checks prior to close and loan delivery, thereby ensuring greater purchase certainty and reduced repurchase risk. #Encompass 360 for mac macFreddie Mac Workflow EnhancementsĮllie Mae Encompass 17.1 includes a new integration with Freddie Mac Loan Closing Advisor, Freddie Mac’s solution for the Uniform Closing Disclosure (UCD) delivery mandate. In addition, Encompass will now offer support for Fannie Mae’s HomeReady ® offering, designed to meet the diverse needs of today’s buyers with the enhanced affordable lending product. Fannie Mae will also enable non-seller correspondent lenders to access these checks by submitting UCD files directly on behalf of their aggregators. New integration to the Uniform Closing Dataset (UCD) collection system offers flexible options for delivering the UCD file at multiple points in the business process, featuring data quality and eligibility checks. This includes:Ĭonstruction Management Tool: The Construction Management Tool provides a central location within Encompass to originate construction loans and input key construction tracking information, making the construction lending process more efficient and consistent with the standard loan origination process.īlended and Separate KBYO Disclosures: Ellie Mae supports both methods of generating construction disclosures allowed by KBYO, a single blended disclosure, and two separate disclosures detailing Construction and Permanent loan terms.įederal and State Compliance Reviews: Encompass Compliance Service™, powered by Mavent ®, performs all the necessary federal, state and local consumer protection compliance reviews for Construction-only and Construction-to-Permanent loans with either separate or blended disclosures.Ĭlosing documents include all 50-State eligible documents for both Construction-only and Construction-to-Permanent loans. Working together with engaged lender clients and investors, Ellie Mae has developed a comprehensive way to process Construction-only and Construction-to-Permanent loans within Encompass. “With this new release of Encompass we’re providing innovative capabilities that enable our banks, credit unions and mortgage lenders to originate and fund mortgages with improved compliance, loan quality and efficiency.” Expanded Construction Lending Support “Our latest version of our Encompass all-in-one mortgage management solution will expand support for Construction loans, offer more powerful trade management enhancements, and Fannie Mae and Freddie Mac workflow enhancements,” said Jonathan Corr, President and CEO of Ellie Mae. Encompass 17.1 includes expanded support for Construction loans, more streamlined workflow integrations with the GSEs, Trade Management enhancements and updates to Encompass reports. #Encompass 360 for mac software– Febru– Ellie Mae ® (NYSE: ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today that it has launched a new version of Encompass, its all-in-one mortgage management solution. Press Release Ellie Mae Launches New Version of Encompass All-in-one Mortgage Management SolutionĮncompass 17.1 offers expanded support for Construction loans, Trade Management enhancements, Forms and Settings updates and enhancements to Fannie Mae and Freddie Mac Workflow ![]()
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