NewsFLASH

EXCLUSIVELY FOR ELLIE MAE CLIENTS USING
ENCOMPASS
AUGUST 2015
The reality of RESPA-TILA is close. You need to be dialed in by October 3. You need the education and tools that can get you prepared to wrangle this regulatory t-rex. This edition of NewsFlash delivers the ways to do it.

Plus – Registration is open for Ellie Mae Experience 2016 ... a new partnership with Fannie Mae, and the 15.1.4.4. hot update.
RESPA-TILA – It’s Still Stomping Right Toward Us
The RESPA-TILA respite is over. Being prepared is essential. Don’t get stomped. Wrangle the beast with these workshops, tools and 1-on-1 educational opportunities. 

New Workshops and Train the Trainer sessions
Hands-on and interactive — our full-day RESPA-TILA workshops are your exclusive opportunity to learn how to use Encompass to comply with new Integrated Mortgage Disclosures before October 3. Click here for locations and dates – and sign up for the one nearest you.

Use one of our exclusive 3-day Train-the-Trainer workshops to leverage our knowledge to teach your team. This intensive, hands-on 3-day workshop is designed to teach Encompass customer’s training teams to deliver the Hands-on RESPA-TILA Workshop. Time is tight, so register for the session nearest you right now. 
1-on-1 ConsultationsConnect Directly with Our Experts 
Get 90 minutes of 1-on-1 advice from the Ellie Mae Compliance Team on leveraging Encompass to simplify RESPA-TILA compliance. You create the agenda. You get the answers you need. Register now – these are offered only through September 24, 2015, and availability is limited. 

RESPA-TILA Webinar RecordingClosing Disclosure: A Step by Step 
A complimentary recording of our recent webinar – Closing Disclosure: A Step by Step – is now available here.  Watch it and learn from Ellie Mae experts as they review the changes and provide an Encompass Closing Disclosure walk through. 

RESPA-TILA Online FAQs New Additions
We’ve just added the next batch of answers to our RESPA-TILA FAQs. Authored by the Ellie Mae team of compliance experts, this online resource delivers clear, concise answers that will help you better understand and more effectively prepare for the new rules. Visit the new RESPA-TILA FAQs here.

Don’t forget The Resource Center
Loaded with content, the Ellie Mae Client Resource Center is packed with documentation, updates, answers, resources and tutorials. Take advantage – visit and bookmark the RESPA-TILA section of the Ellie Mae Client Resource Center. It’s there to help you tame the bronto-sized RESPA-TILA beast.
ENCOMPASS UPDATE
Encompass Hot Update – What You Need to Know About 15.1.4.4
We are polishing 15.1 to make it work better and better. On August 15, we launched an Encompass update, 15.1.4.4, to include:
  • RESPA-TILA updates
  • Form updates 
  • Encompass WebCenter and Consumer Direct
    • Changes to Loan Level Consent   
Please review the following Release Notes:
The updates – and 15.1 itself – are important to your performance, so we have resources to help you get up to speed: 
And to keep the information loop flowing, the 15.1 Release Feedback Forum has been set up to address any issues or questions you might have. 

Get these tools – and tons more – at the Resource Center.



Free Webinar Recording – Taking Encompass 15.1 Beyond RESPA-TILA
Encompass 15.1 is geared to be RESPA-TILA ready – but it’s also a lot more. Watch this webinar and get to know the expanded capabilities of 15.1, including:
  • Updated WebCenter functionality to expand correspondent support
  • Significant enhancements to EPPS & Secondary Marketing tools including Historical Pricing and Auto-Lock
  • Additional support for the Correspondent channel
Watch the webinar – find out about the powerful tools Encompass 15.1 brings you. 

What’s Your Big Idea? Let Us Know at the Encompass Idea Center
The new Encompass Idea Center leverages the power of you – the User Community. It’s designed to offer deeper visibility and involvement in the company’s roadmap and development process by providing you the means to suggest and vote on new product enhancements and collaborate with colleagues and our Product Team. 

And to get it rolling right, the Idea Center team will be conducting two webinars for clients to introduce the new resource.
  • DATE and TIME: August 27 at 11:30 PST
  • REGISTRATION: Click here to sign up
How does it work? Watch this video. If you have an idea that you are passionate about, then submit it and get the voting started. Every idea is a good one – and the ideas that generate the most votes and comments let us know what our User Community is really looking for. This how our Product Team gets a handle on which ideas to consider.

Get involved. Check out the Idea Center. And bring your ideas – we know you have some.

2016 ELLIE MAE EXPERIENCE USER CONFERENCE
Registration Now Open – Get Ready for Magic
Ellie Mae Experience 2016 will be held at the Wynn Las Vegas from February 29 – March 2. And this year it’s bringing some extra Magic, along with the comprehensive networking, training and sessions that make this a must-attend event for any Encompass users.

Registration is now open. Join 2,000 mortgage pros to network, grow your business and expand expertise with:
  • 24 interactive and strategic breakout sessions
  • One full day of pre-conference training
  • Powerful, insightful speeches, including from basketball legend Earvin “Magic” Johnson
INDUSTRY TRENDS
Origination Insight Report – Rates Up, Closing Climbs
We just released our July Origination Insight Report, and it shows that interest rates on mortgage loans in July reached their highest levels since the fall of 2014.

Ellie Mae’s data also showed that lenders’ share of purchase loan volume climbed to 63%, an increase of 22 points since February. Nearly two-thirds of loan applications, or 66.2%, closed in July, the highest level since Ellie Mae began tracking this data in August 2011. Meanwhile, the closing rate on purchase loans climbed above 70%for the first time in four years. 
PARTNER CORNER 
Ellie Mae and Fannie Mae Team Up to Expand Strategic Partnership

Ellie Mae has entered into a strategic partnership with Fannie Mae to further integrate Fannie Mae’s suite of risk management tools into Encompass.

We will collaborate to provide joint clients enhanced functionality that will help ensure loans meet Fannie Mae requirements from eligibility to loan delivery. Joint customers will be able to leverage Ellie Mae and Fannie Mae leading technologies from within a unified workflow environment in Encompass, giving lenders a more efficient process for delivering quality loans to Fannie Mae with greater certainty.

Learn more – read the press release here.

Arch MI now available in Encompass
Arch MI is now available within Encompass. The Ellie Mae Network integration supports both delegated and non-delegated orders.  Arch MI customers can also submit their loan documents and obtain rate quotes without ever having to leave Encompass 

Arch MI is an increasingly popular choice for lenders, offering innovative insurance solutions like Portfolio PowerSM (available through Arch Mortgage Guaranty Company), which provides coverage for loans that fall outside the box without increasing exposure and guarantees true “day-one” rescission relief.  

For more information on Arch MI, or for help getting started on ordering Arch MI on Encompass, please contact Will Vickers, the company’s VP of Industry Technology at (336) 486-1421 or wvickers@archmi.com.

RESPA-TILA RESOURCES