Industry News

New Ellie Mae tool speeds up real estate loans

Users of Calyx Point can now use Ellie's ePASS

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Ellie Mae today announced the release of ePASS Express, an add-on utility the company is offering free to Calyx Point users to make it faster and easier for them to submit loans to lenders. Ellie Mae said that ePASS Express provides a faster, easier way for CalyxPointusers to pre-qualify, price, register, lock and submit loans to 29 leading lenders. Point users only have access to a limited number of integrated lenders from within Point, according to Ellie Mae. As a result, Ellie Mae said, Point users need to keep track of other lender Web site addresses, remember their log-in credentials, and complete multiple steps to get the borrower's data sent to the lender. With ePASS Express, loan officers and processors can now achieve the same result in far less time, Ellie Mae said. With ePASS Express and two mouse clicks, users can now submit a loan electronically to their selected ePASS lenders right from Point, according to Ellie Mae. EPASS Express facilitates the uploading of borro...