Encompass Appraisal Service

The appraisal process is as delicate and risky as ever, especially with Dodd-Frank, UAD and UCDP now governing ordering and submitting and the strict fines for non-compliance.

What is more, if appraisals are incorrectly submitted to the GSEs, you not only bog down the entire origination cycle, you also run the risk of tarnishing your company’s reputation with Fannie Mae and Freddie Mac.

With all the regulation and all the risk, originators need an appraisal solution that not only helps facilitate compliance, but also helps saves them time and money by streamlining the appraisal workflow from start to finish.

Encompass Appraisal Service, integrated inside Encompass360®, is that solution:

  • Complete your order right from the loan file in Encompass360 — in just minutes;
  • Have your designated appraiser run a quick check, powered by Veros Pathway Service, for errors and UAD compliance issues;
  • Quickly import complete appraisal reports directly into your eFolder;
  • Easily submit UAD-compliant appraisals through the UCDP to Fannie Mae and Freddie Mac;
  • Charge the borrower’s credit card directly for the appraisal fee and eliminate the middle man;
  • Manage your own panel of independent appraisers or work with our integrated appraisal management companies; and
  • Customize your appraisal workflow by type of loan and control which of your users can order appraisals.

Encompass Appraisal Service is a cost-effective way to help you stay compliant with the latest appraisal guidelines and navigate the appraisal process with confidence.

Is it time to reassess your appraisal process? Ask us. We have answers.

Ellie Mae provides technology and connectivity for its Encompass360 clients to communicate with third-party appraisers and Appraisal Management Companies (AMCs) about performing appraisals for a given loan file. It is the responsibility of the appraiser or AMC selected by the Encompass360 user to manage the appraisal process. Ellie Mae is not an AMC and does not administer, review or verify the work of these appraisers or AMCs.

What Our Clients Say

"Thanks to Encompass Banker Edition, we can do about four times more loans with no additional staff. In a shrinking market, high efficiency is key to becoming more competitive, and Encompass has allowed us to grow and be profitable."

- Harvey Goldberg
President, Dover Mortgage

Latest News & Reports

Jun 19, 2013 Ellie Mae Releases May 2013 Origination Insight Report

Refinance-to-Purchase Mix Steady in May; High LTV Refinances Fell Below 10%... Read More

Jun 19, 2013 Origination Insight Report
May 2013

... Read More

Events & Conferences

2013Jun190920
Date Event
Jul 09, 2013 -
Jul 11, 2013
CMBA Western Secondary Market Conference
Oct 13, 2013 -
Oct 16, 2013
Encompass Experience 2013
Oct 27, 2013 -
Oct 30, 2013
MBA 100th Annual Convention & Expo