- Business Rules
Ellie Mae Announces Encompass Data Connect
Solution Turns Data Into Insights and Insights Into Actions
PLEASANTON, Calif. – March 20, 2018 – Ellie Mae® (NYSE: ELLI), the leading cloud-based platform provider for the mortgage finance industry, today announced Encompass Data Connect™, the newest in the Connect suite of solutions, designed to help mortgage lenders make smarter decisions faster using real-time data. The solution is currently in limited availability and will be available to all lenders in the second quarter of 2018.
Encompass Data Connect gives lenders access to their standard and custom loan data fields in near real-time, empowering them to make timely, data-driven decisions to dramatically increase the velocity, efficiency and effectiveness of their business operations and realize significant competitive advantage. Lenders will be able to securely access their cloud-based, encrypted* data at any time and from anywhere, to fully maximize the utility of existing reporting and business intelligence, gain actionable data insights faster to create innovative business opportunities and drive profitability.
Encompass Data Connect leverages Amazon Web Services (AWS) and their proven cloud services expertise to ultimately reduce labor costs and the complexities of data management.
Specifically, Encompass Data Connect gives lenders:
- Near real-time data access to all standard and custom fields
- A standard query interface to all data for easier data access
- High performance by decoupling data from Encompass so your production system is not impacted
- High security by encrypting Personally Identifiable Information (PII) fields
- Simplified data management by leveraging Ellie Mae’s cloud solution
- Fewer manual steps by handling all schema changes
“Prior to the launch of Encompass Data Connect, lenders would spend significant time orchestrating data synchronization between their production system and their data warehouse. And without having the ability to bring all data elements together, from Encompass and other critical data sources, lenders didn’t have the full and complete information available in a single repository to better inform business decisions,” said Joe Tyrrell, executive vice president of corporate strategy at Ellie Mae. “With Encompass Data Connect, our lenders now have purview to all of their own data in near real-time, allowing them to subscribe to data change events occurring in their production system so their data strategies are informed by the most current information. With Encompass Data Connect they can improve efficiencies across their organization and be even better informed.”
Ellie Mae’s Encompass® digital mortgage solution helps lenders succeed in today’s highly competitive, highly regulated market. The solution is fully connected so lenders have one system of record for loan data and provides an all-in-one solution for compliance, quality and efficiency at every loan stage. Ellie Mae’s Connect solutions are built on the Encompass NG Lending Platform and utilize APIs to help improve visibility and collaboration between loan officers, homebuyers, third-party originators and developers.
For more information about Encompass Data Connect, visit: https://www.elliemae.com/encompass/encompass-data-connect
About Ellie Mae
Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.
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© 2018 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.