Ellie Mae Adds NetMore America to Encompass360 Select Program

Seamless integration enables lender’s pricing to be presented instantaneously and automatically in preferred customers’ Encompass360 systems

PLEASANTON, CA and WALLA WALLA, WA – October 12, 2010 – Ellie Mae^®, the enterprise mortgage origination technology provider for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders, and NetMore America, a leading retail and wholesale mortgage lender, have jointly announced that NetMore America has been added to Ellie Mae’s Encompass360™ Select program, which is accessible to preferred customers of Encompass360.

As part of the Encompass360 Select program, NetMore America will be seamlessly integrated into Encompass360.  This integration enables NetMore America to engage in a unique two-way communication providing real-time pricing information to preferred Encompass360 users who are approved to do business with NetMore.  Once the borrower’s information is input into the Encompass360 system, it is matched against NetMore’s pre-determined loan criteria and pricing results are automatically presented on the user’s Encompass360 screen.  Users are then presented with the options to learn more about NetMore’s loan programs and upload the borrower’s information directly from Encompass360 into NetMore’s loan origination system.  Once a loan is in process with NetMore, users may also upload documents into NetMore’s system, directly from their Encompass360 eFolder.

“It is invaluable to be able to communicate with loan originators while they’re actually originating loans,” says NetMore America Chief Strategy Officer Lisa Schreiber.  “As part of Encompass360 Select, we can reach more originators regardless of geographic location.  This is a great way to enhance our wholesale brokers’ businesses and help grow our business as well.”

NetMore America, which uses Encompass360 on both the wholesale and retail segments of its business, plans to go live with the Encompass360 Select program in fall 2010. 

“Getting accurate pricing delivered instantaneously and automatically isn’t just convenient, it’s also a more compliant, more efficient way of doing business,” says Ellie Mae Chief Strategy Officer Jonathan Corr.  “Our customers appreciate the proactive way the Encompass360 Select program responds to information and helps them transact more and better quality loans.  We’re happy to welcome them to the Encompass360 Select program.”

About NetMore America
NetMore America is a next generation mortgage leader building a sustainable national platform through responsible lending.  The Company was founded in 2006 and has expanding retail and wholesale mortgage originations channels.  NetMore’s product mix is currently 30% FHA and 70% agency loans. Based in Walla Walla, Washington and an operations center in Portland, Oregon, NetMore employs about 215 persons.  For more information on NetMore please visit www.NetMoreAmerica.com.

About Ellie Mae
Ellie Mae provides enterprise mortgage origination technology solutions for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders. The company's offerings include the Encompass^® and Encompass360™ Mortgage Management Solutions, Encompass CenterWise™ websites and electronic document management services, Encompass Closer™ document preparation services and Encompass Compliance Service.  Ellie Mae also hosts the Ellie Mae Network™ that allows mortgage professionals to conduct electronic business transactions with the lenders and settlement service providers they work with to process and fund loans. Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362

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