LoanSifter Integrates Its Product and Pricing Engine Into Ellie Mae's Encompass Mortgage Management System

Integration is in direct response to LoanSifter’s customer demand for easy, single-click access from within the Encompass Banker Edition solution

PLEASANTON, CA and APPLETON, WI—July 28, 2009—Ellie Mae, an award-winning software and service provider offering comprehensive business solutions for mortgage bankers, brokers and other mortgage originators, announces that LoanSifter, a provider of web-based product and pricing tools, has integrated its namesake product and pricing engine (PPE) into the Encompass® Mortgage Management Solution’s Banker Edition. This integration is in direct response to LoanSifter’s customer demand for easy, streamlined access to the PPE from within the Encompass Banker Edition solution.  

“In this market, originators are always looking for ways to secure more and better transactions. They understand that this single-click access translates to higher accuracy and immediate answers—two factors that can make the difference in converting a prospect to a customer, particularly when giving answers to a live customer on the phone or in your office,” says Bruce Backer, president of LoanSifter.

With this integration, Encompass Banker Edition users can now not only automatically transfer data from the borrower’s application directly into the LoanSifter system, but also instantaneously access up-to-the-minute pricing, product and guideline information.  The all new one-click access from within Encompass Banker allows users to see the most pertinent product and pricing information for a particular set of parameters, in LoanSifter’s easy to understand, straightforward format, without having to toggle between screens. “LoanSifter’s streamlined, easy-to-read format means that users don’t have to waste time searching through unnecessary numbers and suggestions to get the information they need,” explains Backer.

In addition to providing product and pricing information for secondary managers and lock desk staff, LoanSifter also helps promote profitability for loan officers by offering business-enhancing capabilities designed specifically for use in the prospecting and marketing stages of the business cycle. The system’s auto-pricing functions can be used with customer-facing web portals such as Zillow and LendingTree giving companies a “virtual loan officer” to generate leads, and the system also incorporates a monitoring function that constantly searches for triggered target rates to present to existing customers whose applications are already in progress. LoanSifter’s product and pricing information can also be easily transferred into templates to create customized marketing documents. All LoanSifter pricing decisions return "buy" and "sell" side pricing that appropriately incorporates SRPs (the premiums paid to banks when they sell the loan on the secondary market), margins, and other incentives in addition to the accurate, branch-specific, risk-based pricing.

“This integration has been widely anticipated by our customers, and we couldn’t be more pleased to provide them with the solutions they’re seeking,” adds Backer. “Ellie Mae is clearly a leader in the mortgage space, and we at LoanSifter are looking forward to the mutually beneficial opportunities that this integration will avail.”

“At Ellie Mae, the benefits of configurability underscore much of the way we service our customers,” says Jonathan Corr, chief strategy officer for Ellie Mae. “The integration between Encompass Banker Edition and LoanSifter gives our users one more way to tailor their business processes. We understand that the need to support complex business processes drives not only the technology choices a company makes, but also the providers a company chooses to use. We’re pleased to work with LoanSifter, and further expand the options available to Encompass Banker users.”   

About Ellie Mae, Inc.
Ellie Mae is an award-winning provider of software and services for the mortgage industry, offering comprehensive business solutions for mortgage bankers, mortgage brokers and lenders. The company's key offerings include the flagship Encompass® Mortgage Management Solution, Encompass CenterWise™ and Encompass Closer. More than 120,000 mortgage professionals use the Encompass Mortgage Management Solution. A recipient of the prestigious Inman Award as the most innovative company in the mortgage industry and acknowledged as a Top 50 service provider by Mortgage Technology for two years in a row, Ellie Mae is recognized for developing technology that links the many parties critical to the mortgage origination industry through its patented ePASS® technology. One quarter of the nation's more than $2 trillion in new mortgages originated every year pass through Ellie Mae’s ePASS technology, enabling mortgage companies to easily and securely conduct electronic business transactions with dozens of leading lenders and more than 2,000 settlement service providers. Ellie Mae is also the parent of Online Documents, the industry’s leading provider of flexible, compliant electronic mortgage documents and related services for the mortgage industry. Ellie Mae was founded in 1998 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362.

About LoanSifter, Inc.
LoanSifter is the banking industry's most comprehensive mortgage solution for pricing, marketing and secondary. LoanSifter 3.0 is an accurate, web-based pricing solution focused on providing banks, credit unions and brokers with advanced tools to improve their service level and increase their profits. With over 120 correspondent and wholesale lenders, LoanSifter boasts the most comprehensive investor database in the industry. LoanSifter is also the leader in delivering point-of-sale and marketing tools to loan officers, offering highly customizable website utilities (automated consumer-facing pricing search), automated email campaigns, custom automated quoting for Zillow and LendingTree, scenario-specific rate monitoring alerts, and other automated, customizable marketing materials, such as open house flyers. For more information about LoanSifter, call 920.268.4770 or visit www.LoanSifter.com.

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© 2009 Ellie Mae, Inc. All rights reserved. Ellie Mae, Encompass, and ePASS (patent No. 7,444,302) are registered trademarks and Encompass CenterWise and Encompass Closer are trademarks of Ellie Mae, Inc. in the United States.