High-quality loans, from start to finish

The traditional loan process is infamous for manual data entry and very little collaboration–characteristics that lead to overall loan quality issues, fraud and defects. Without common review processes and loan file standards, loan quality errors can lead to suspense conditions and huge delays, driving costs up and affecting your productivity.

To make matters worse, new rules from the CFPB, the OCC, FDIC and individual state agencies are leading to increased oversight and heightened standards for quality. Investors move swiftly to require buybacks if they suspect fraudulent information or documentation. Today, lenders aren’t simply required to have controls for loan quality in place; they must show and prove that controls exist in each individual loan.

TQL is designed to help you address risk, quality and consistency by:

  • Gain important compliance visibility, all the way to the LO level.
  • Benefit from a single loan quality workflow.
  • Create error-free loans from start to finish.
  • Provide compliance controls, documentation and proof.
  • Reduce suspense conditions and decrease time on warehouse lines.
  • Ensure consistency and collaboration across your business.

TQL: A best practice workflow for loan origination

“TQL notifies us immediately if something needs to be fixed with the loan. This automation has helped us tremendously. It cuts out room for error and makes it so you can’t miss anything.”

AJ Franchi
CIO
Gold Star Mortgage Financial Group

TQL provides these integrated services

Ellie Mae's TQL program combines many of the services you need to ensure consistent loan quality, and makes them available on one easy to use screen to reduce human error and streamline the process of ordering, reviewing and addressing alerts to improve workflow, drive quality and efficiency and increase transparency throughout the loan lifecycle.

Encompass
Compliance
Service

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Provides automated compliance checks, such as ATR/QM, HOEPA, HMDA, FHA, TILA and NMLS licensing early and often to uncover any compliance concerns.

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Encompass
4506-T Service

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Income verification enables you to order tax return data from the IRS electronically and receive reports in as few as 24 hours.

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Encompass
Fraud Service

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Assesses and evaluates early payment default, loss severity risk, fraud detection scoring and data alerts.

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Encompass
Flood Service

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Validates a property’s flood zone and helps speed the loan process with electronic order and secure transfer of flood risk products.

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