Plan codes refer to the set of codes used by Encompass to identify the specific loan program or product being used for a particular mortgage loan. Plan codes can acts as specific loan product configurations which can be used to standardize the loan origination process and ensure that loans are being processed in accordance with…
Encompass Developer Connect is the portal into the Encompass LOS, and provides developers with documentation and tools supporting Ellie Mae’s Application Programing Interfaces (APIs) to extend Ellie Mae’s Encompass all-in-one mortgage management solution to add new functions, to easily integrate Encompass with external systems and data, and to build and deploy custom applications in the…
In this article, we will be discussing Ring Central as it empowers today’s mobile workforce to communicate, collaborate, and connect via message, video, and phone calls. RingCentral is an excellent example of an advanced cloud-hosted phone systems, currently trusted by more than 300,000 prominent brands (including Evernote, BMW, Guess, Del Monte, Twitter, Subway, and…
In the previous post on Consumer Connect, we have looked into aspects of Consumer Connect which the lenders can optimize to effectively use the Consumer Connect website. This post is a continuation of the previous post where we continue with the multiple check points within Consumer Connect which a lender can optimize. Define SEO settings…
Consumer Connect has streamlined the application process to make loan submissions faster and more efficient. Lenders can look into the following aspects to make sure that their Consumer Connect website is effectively used to give a unique and pleasant experience to the borrowers. Branding When using Consumer Connect Website Builder, the lender needs can preview…
Encompass is phasing out the web center websites and are moving to Consumer Connect website. Lenders can create new Consumer Connect website or if they have an existing non- Consumer Connect site, they can embed a Consumer Connect loan application or borrower portal into their existing site. Steps to setup a new Consumer Connect website:…
Compliance costs in mortgage banking domain are rising, in line with continuing exponential growth in the volume, pace and variety of regulation. Most of the mortgage lenders still rely on highly manual processes and age-old systems to gather regulatory data and manage regulatory change. Adopting technologies in AI can help mortgage banks in solving these…
Mortgage lenders are faced with the challenge of meeting rising borrower demands while maintaining tight compliance and process controls. Robotic Process Automation (RPA) is the technological solution that can help automate repetitive tasks, access unstructured data, and tap into data sources across legacy systems to meet borrower needs and compliance requirements. Here we will take…
Manually searching for loan products, rates and pricing is slow and inefficient and may result in pricing errors, inaccurate data, or compliance issue. Mortgage lenders can automate this process using PPEs as well as integrate it with their current mortgage process. We take a look at the top pricing engines available for the mortgage industry.…
Borrowers are using more and more digital channels than ever before to interact with their lenders. It is important for the mortgage companies to ensure that when they are interacting with their borrowers on those digital channels, they are providing a seamless digital borrower experience. These experiences must be consistent across every channel whether it…