What's New

Compliance Management System - On-demand Webinar

The CFPB requires lenders to establish policies, procedures and responsibilities, educate management and staff, manage vendor partners, and respond to customer complaints quickly and effectively. Our recent Ellie Mae webinar, Drive Compliance Success With A Single Compliance Management System, was recorded and is available on-demand. It examines how a unified system can help you:
  Establish formal regulation, guidelines, and policies education
  Easily demonstrate compliance for audits
  Better manage vendor partners
  Promptly process and respond to customer complaints

Led by Ellie Mae experts, this on-demand webinar is an essential opportunity for lenders to learn about a best-practice, CFPB-ready approach to compliance.


Get the Latest Data on Millennial Homebuyers

Thirty eight percent of millennial home loans closed in April were FHA loans, according to the Ellie Mae Millennial Tracker™. April data also showed that women were listed as the primary borrower on 31% of closed loans, holding steady from March. The average primary FICO score for female loan applicants was 722, down from 724 in March. By comparison, men were listed as the primary borrower on 66% of closed loans in April and had an average FICO score of 724, down from 727 in March. The average FICO score for all closed millennial loans was 721, and the average of 43 days to close was the same as March.

An interactive online tool refreshed with new data the first week of each month, Ellie Mae’s Millennial Tracker provides access to up-to-date demographic data about the new generation of homebuyers. Searches may be tailored by borrower geography, age, gender, marital status, FICO score and amortization type. Access is complimentary.


Powerful Encompass Update Coming in July

Ellie Mae will deliver Encompass 16.2 in July. This is a powerful update to their all-in-one mortgage management solution, and will help further improve efficiency, loan quality and compliance with:

  New TPO settings report management
  New Freddie Mac Loan Product AdvisorSM and Loan Quality Advisor® integrations
  New/expanded Encompass Product & Pricing Service™ support for construction loans
   and ARM programs

Contact your account representative to learn more.


How One $280M Bank Successfully Navigates Tricky Investor Guidelines

“We get exactly what we need in one pass, with no
surprises down the road,” says Bill Mrowczynski, director
of training at The Federal Savings Bank about Ellie Mae’s Market Clarity™.

Market Clarity lets organizations quickly identify products
that fit the buyer and loan type and makes sure everything meets investor guidelines. If underwriting or secondary marketing overlays change, Market Clarity updates everything automatically so originators are always working with current info.

Read the Federal Savings Bank case study now to see
how you can use Market Clarity to increase efficiency
and profitability.

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