TQL: The Easiest Path to Complete Loan Quality in Encompass
Errors happen, but if you can catch them instantly – before they become issues – your loan process will continue its flow. The automatic notifications in our Total Quality Loan® (TQL®
) program do that. Its best-practice workflow ensures a high level of quality, compliance, and efficiency throughout the entire loan lifecycle - automatically. Watch our short video and see how simple it is.
Turn Your Data Into a Difference Maker: Encompass Data Connect is Here
Smart lenders know that data can hold the secret for understanding and anticipating the needs of their business, industry, and customers. Trouble is, many lenders struggle with high data access and maintenance costs that deliver only limited data visibility and availability. Encompass Data Connect™ is here to change all that. Now available to lenders using the Encompass NG Lending Platform™, Encompass Data Connect provides near real-time access to your Encompass loan data so you can:
- Improve decision making
- Expand competitive advantage
new business opportunities
It’s true digital mortgage innovation that uses cloud, big data, and streaming data infrastructure to unlock immediate and previously unavailable insights into your business that you can use to stay one step ahead. What innovations will your data drive? Request a free Encompass Data Connect demo now to find out.
On-demand Webinar: Evolution of Guideline Management
Mortgage guidelines are a maze, but there are digital guideline management solutions that can guide you through the confusion. The best are trustworthy, up-to-date, easy-to-use, compliant, and free you and your team to focus on productivity. In our on-demand webinar, Evolution of Guideline Management: Strategies for the Digital Mortgage Age, you’ll learn how thoughtful guideline publishing strategies can result in quantifiable savings, improved efficiencies.
Next Phase of the GSE UCD Mandate Coming June 25
Heads up – starting June 25, 2018, UCD files submitted to the GSEs without the embedded Closing Disclosure PDF will receive a fatal/critical edit and will not be eligible for sale to Fannie Mae or Freddie Mac. And, even before that date, other industry investors may delay funding for UCD files submitted without the PDF. We recorded a recent webinar that covers timing, properly embedding closing disclosure PDFs, and our GSE assignment solutions coming to Encompass. Watch it and be ready.
Encompass Investor Connect: Easily Automating the Loan Buying Process
Data & Docs Solution for investors is now Encompass Investor Connect™. Encompass Investor Connect helps automate the loan-buying process by eliminating the need to key in the data. System-to-system workflows securely and seamlessly send data and documents from Encompass with a push of a button. Investors can make purchase decisions faster, minimize risk, and save time by receiving accurate, compliant, and tamper-proof loan data and documents directly into your system. It’s easier on you, and your lenders.
Newer Version of Freddie Mac Loan Product Advisor® Coming to Encompass
Loan Product Advisor®,
Freddie Mac’s automated underwriting service, currently available on the Ellie Mae Network in Encompass, will soon converted to a system-to-system option on the Services tab in Encompass. This will be the only way to access Loan Product Advisor, which can help provide you with:
- An assessment of a loan's underwriting risk and eligibility for sale to Freddie Mac
- Automated collateral evaluation (ACE), which can save you and your borrowers time and money by reducing the need for traditional appraisals on certain loans
- Automated assessments for borrowers without credit scores
Watch our video to learn more.
Improve Loan Quality with Fannie Mae’s EarlyCheck in Encompass
Fannie Mae’s EarlyCheck™ assists lenders in identifying and correcting potential eligibility and/or data issues at any time in the loan origination cycle with the goal of helping lenders identify potential issues prior to loan closing and delivery. Available in Encompass, EarlyCheck:
- Is a free tool
- Is available to Fannie Mae sellers today
Can be used at any time in the loan process
Watch our video to learn more.
Connect, Communicate, Collaborate: Join Ellie Mae Elite
There’s a really easy way to connect and network with other Encompass users and innovators. Ellie Mae Elite is an online community where engagement and education happens. You’ll be interacting with other users during product discussions, fine-tuning your skill set, suggesting content for our training tracks, getting advanced notice about events, and taking quizzes to test your product knowledge. It’s a place to get involved, share ideas, and make some friends. Sign up now and connect with the Elite.
Dart Appraisal, Integrated in Encompass, Celebrates 25th Anniversary
Dart Appraisal is a full-service appraisal management company, providing both residential and commercial valuation services. Founded in 1993, Dart is proud to be celebrating its 25th anniversary in 2018. Dart is fully integrated with Encompass so users can easily order and receive appraisals as well as send and receive messages from the Dart staff without leaving the solution.
Experience Dynamic Document Generation with ConformX by Docutech
ConformXTM puts the power of a digital, dynamic loan document generation engine at your fingertips in Encompass®. Every data field is imported, defaulted, or automatically populated through rules-based intelligence. ConformX enables you to:
- Virtually eliminate additional data entry and errors
- Improve compliance
Featured document packages include:
- Adverse Action
- Mortgage Closing
- Processing, Underwriting
- Quality Assurance
- TILA Redisclosure
- Title Request