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LandAmerica Tax & Flood Services and Ellie Mae
Launch ePASS Internet Connectivity to Mortgage Brokers
Richmond, VA and Dublin, CA—AUGUST 3, 2004—Richmond,
VA-based LandAmerica® Financial Group, Inc. (NYSE:LFG), a leading
provider of real estate transaction services, and Dublin, CA-based
Ellie Mae, Inc., the leading provider of desktop and web-enabled
technology for the mortgage industry, today announced the full integration
of LandAmerica Tax and Flood Services (formerly LERETA Corporation)
with Ellie Mae's ePASS web-transaction platform.
Mortgage originators can now order LandAmerica's flood hazard certification
services faster, more efficiently, and more securely through ePASS.
They will be able to set up LandAmerica as an ePASS "QuickLink," which
remembers the originator's user name and password. Then, with two
clicks of a mouse, originators can order and receive flood certifications
instantly-and have them accessible at any time for viewing and printing
directly on the desktop. The secure transmission will populate received
data directly into a number of leading desktop origination solutions
including Encompass, Genesis 2000, Contour, PipeLine, Byte, Harland, and
others, saving time and reducing errors by eliminating the re-keying
of data.
LandAmerica Tax and Flood Services employs state-of-the-art systems,
creative solutions, and personal service to maintain a nationwide
network that provides tax and flood services to the mortgage lending
industry. LandAmerica is a leader in accuracy with one of the lowest
loss experiences in the industry-reducing the cost of handling exceptions
and improving borrower relations. Automated databases and real-time
front-end delivery systems help ensure fast, flexible data exchange.
The LandAmerica Tax and Flood Services IT team has over 70 data processing
professionals and has set industry standards for information systems
and processing techniques, including advanced on-line processing
systems and paperless work environments.
"We're excited about the launch of ePASS connectivity," said Dale
Quarto, president of LandAmerica Tax and Flood Services. "We will
now be available to 90-percent of mortgage originators via ePASS,
providing us a real opportunity to expand our services. The combination
of Ellie Mae and LandAmerica technologies will provide our customers
with the best experience available today."
Ellie Mae's ePASS technology is the industry standard, connecting
the majority of third-party mortgage origination companies to their
wholesale lenders and settlement service providers. ePASS enables
users to eliminate redundant work, reduce origination costs, close
loans faster, and provide secure data transmission for sensitive
consumer information in compliance with Gramm-Leach-Bliley safeguards.
In the first quarter of 2004 alone, over 1.4 million loans were originated
using ePASS technology.
"The addition of LandAmerica's Flood Services to our ePASS platform
continues our focus of providing our customers nationwide access
to the leading and most utilized service providers," said Joseph
Tyrrell, Ellie Mae's senior vice president for vendor relations. "LandAmerica
Tax and Flood Services has built a sound reputation for delivering
quality products coupled with superior customer service, which is
exactly the type of partner that we are excited to connect with our
clients."
About LandAmerica
Headquartered in Richmond, Virginia, LandAmerica Financial Group,
Inc., is a leading provider of real estate transaction services and
is on Fortune magazine's 2004 list of most admired companies. Through
its many subsidiaries, LandAmerica serves residential and commercial
customers with more than 800 offices and a network of 10,000 active
agents throughout the United States, Mexico, Canada, the Caribbean,
Latin America, and Europe.
About Ellie Mae, Inc.
Dublin, California-based Ellie Mae, Inc., winner of the 2003 Inman
Innovator Award for Most Innovative Company in the mortgage and real
estate industries, is the leading provider of desktop and web-enabled
mortgage industry productivity technology. Ellie Mae's ePASS web-transaction
platform is the industry standard, connecting more than 30,000 third-party
mortgage origination companies with leading wholesale and correspondent
lenders and 90,000 settlement service providers. Ellie Mae products
include the Encompass mortgage management system, Contour and Genesis 2000
loan origination software, Executive Web Sites and Ellie Mae Docs.
To learn more about Ellie Mae, call (888) 955-9100 or visit www.elliemae.com .
Copyright © 2004 Ellie Mae, Inc. All rights reserved. Ellie
Mae®, ePASS®, Encompass®, Contour™, Genesis 2000®,
Executive Websites™, Ellie Mae Docs™ are the sole property
of Ellie Mae, Inc.
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