Ellie Mae revamps loan origination system

Ellie Mae today announced the release of version 2.0 of its Encompass mortgage management system at the Western Regional Mortgage Brokers Conference in Las Vegas.

The updated Encompass 2.0, which is expected to be available by late November, includes a new loan template feature that allows users to pre-populate fields with common data including loan program, closing costs, and forms lists, all of which aims to improve productivity by reducing data entry for each loan. Another new feature, custom milestones, aims to improve business manageability by letting users tailor milestones to their own particular business flow.

To help customers drive more business in a changing market, Ellie Mae expanded the new business development capabilities in Encompass 2.0 with enhanced lead opportunity management, an expanded contact manager, and a new integrated calendar and scheduler, all of which aims to eliminate the need for separate CRM software. In addition, Ellie Mae has added a new business opportunity that gives loan officers the ability to generate additional business revenue by offering a life insurance product with each loan.

Another key upgrade in Encompass 2.0 is the additional data imported when users upgrade from Calyx Point. The simple two-click import capability provides quick and easy migration to Encompass by importing all pertinent files, settings and data, including loan programs, closing cost templates, and custom letters/forms, among others.

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