Encompass REPORT

February 2016
The Encompass Report - Average Times to Close Up, In-Depth Mortgage Education Opportunites Available

Origination Insight Report – Time to Close Continues Increase Since TRID

2016 started off with the average time to close a loan increasing to 50 total days according to the latest Ellie Mae Origination Insight Report. The average time to close a refinance increased one day from 47 to 48 days, the average time to close a purchase loan climbed one day to 51. FHA and VA loans also showed increases, but conventional loans remained largely unchanged. Ellie Mae’s data also shows the average FICO score on closed loans underwent the largest month-to-month decline since mid- 2015.

On-demand Webinar Available - Customizable vs. Configurable LOS

When seeking to maximize efficiencies and ROI from a new LOS, it’s essential to understand the differences between a highly customizable solution versus one that is workflow configurable. Hear from featured speakers Jeff Benjamin, Sr. Vice President, Sales and Client Mgmt. (Ellie Mae, Inc.), and Susan McHan, CEO and President, Mortgage Bank (Opes Advisors, Inc.) on why an all-in-one, configurable solution is the clear choice.

Watch the on-demand webinar to:

•    Gain C-level insight from a mortgage/financial services company with 43 branches 
•    Understand how different mortgage solution providers effectively approach compliance management
•    Learn how to factor specific business and workflow requirements into the LOS decision-making process

AllRegs by Ellie Mae Mortgage Education Courses Coming to D.C.

AllRegs Academy is hosting a classroom course, Mortgage Compliance for Origination, this April in Washington, D.C. This in-depth course offers mortgage professionals the opportunity to further develop their knowledge of core federal compliance topics. Upon completion, attendees will be able to:

•    Identify federal regulations and red flags for violations in practice
•    Avoid prohibited practices through consultation with origination staff
•    Complete the steps for developing, implementing and revising mortgage compliance policies and procedures

What:      Mortgage Compliance for Origination Classroom Course
When:     Monday, April 4 - Wednesday, April 6, 2016
Where:    Washington, D.C.
Price:      $1,800

AllRegs by Ellie Mae is also offering two more classes in Washington, D.C.:

•    Quality Control for Origination: Thursday, April 7 - Friday, April 8, 2016
•    Quality Control for Servicing: Thursday, April 7, 2016

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