Encompass pro tip: Here’s a way to save up to 4 hours per loan file
putting hundreds of service providers right at your fingertips, the Ellie Mae Network™ can help you save up to four hours per loan file. That’s a lot. The network lives within Encompass, so you keep all your data in one place, and gives you instant access to:
Fraud and flood services
Mortgage insurance providers
more – watch our short video. Then head straight to the Ellie Mae Network to close loans faster, lower costs, and make sure all your data resides in one system of record.
Just launched: Check out the new TPO Connect User Forum and Idea Center
makes us better, so we’re helping Encompass TPO Connect™ customers come together to learn and share their ideas. A new customer User Forum and Idea Center in the Ellie Mae Resource Center lets Encompass TPO Connect customers engage with other users and share product feedback directly with our product team. Get involved, visit our Resource Center and submit your questions and feedback.
The Ellie Mae Idea Center: You’re making things happen
to all Named Contacts and System Admins, the Ellie Mae Idea Center is showing results. It works like this: you give us your idea, then the Ellie Mae user community can vote for their favorite new product enhancements. We recently made it easier to get your ideas into action by making the minimum threshold 35 votes and four stars. Here are the latest ideas that have made it on the roadmap or have been delivered by our product teams.
Encompass Consumer Connect™
Enhanced borrower lookup results
Delivered (April Major Release)
Encompass Consumer Connect
Referral source field
Planned for upcoming release
Ellie Mae Idea Center is your opportunity to put your idea out there and collaborate with your colleagues and our product team on implementation.
KBYO Compliance: Encompass updates for Know Before You Owe
final Know Before You Owe rule, including a number of technical corrections, was published in the federal Register on August 11, 2017. Implementation requires that all applications made on or after October 1, 2018 be compliant. We performed a detailed review of the rule’s updates and made sure the Encompass 18.2 release manages the KBYO requirements:
Base Encompass solution – the current Encompass solution (17.3) was evaluated and determined to be already compliant with the rule in multiple areas.
KBYO Phase 1 – Encompass 18.2 includes updates to Construction Cash to Close, Closing Cost Expiration Dates, Rounding Rules and Gift Funds.
KBYO Phase 2 – Encompass 18.2 includes remaining required updates for support of disclosures to non-borrowing owners on rescindable transactions, Principal Reductions and Cures with Principal Reductions, Post Consummation Fees for Constructions, Updates to Total of Payments, and more.
The KBYO final rule implementation is coming, and we’ve already got your back.
Ask A Regulator: Your peers asked, the regulators answered
50 states, you’re dealing with 50 sets of licensing procedures, and things can change without you knowing. Stay current — download our Ask a Regulator State Licensing Q&A Summary now to learn:
Which licensing rules are changing in your state(s)
What issues your peers are focused on
What licensing officials will look for as regulations change
the Q&A summary. It deals with real world issues – questions asked by your peers and answered by the state regulators themselves during the National Mortgage Licensing System (NMLS) Annual Conference.
Accelerate the sales process with these new releases
Velocify by Ellie Mae launches two big releases for LeadManager and LoanEngage this month, improving UI and search, adding new marketing content, and new ways to communicate.
LeadManager 18.2 Release
new SMS texting features enables sales teams to boost engagement, drive quicker decisions, and improve conversions by adding instant texting into the sales process – making it easier to reach the right person, at the right time and in the right way. Some highlights include:
Two-way text messenger window – instantly text with prospects from LeadManager
AllRegs Publishing Service: Save time staying compliant
how do you keep up with compliance changes while ensuring your employees, business partners have the most up to date content? Leverage AllRegs Publishing Service. Developed and maintained by industry veterans that understand all the aspects of the mortgage business – origination to closing to secondary market – it’s a simple way to stay compliant and efficient.