Industry News

Ellie Mae launches new Encompass processing network

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Ellie Mae, a software provider for the mortgage industry, has launched its Encompass Processing Network, which will enable Encompass users to outsource loan-processing services from within Encompass to reduce mortgage processing costs and increase efficiency, the company said today. The Encompass Processing Network provides mortgage originators instant access to domestic and offshore loan-processing services. E-OPS Loan Processing is one of the first service providers to be integrated within the Encompass Processing Network. E-OPS is an around-the-clock, offshore, paperless mortgage processing service. The Encompass Processing Network will enable originators to easily submit a file to E-OPS for loan processing. Originators will simply select E-OPS from the "Services" tab within Encompass, and with two mouse clicks will be able to submit files for processing without the time or expense of having to courier files. As the processors gather documents needed for processing and closi...