Encompass, the flagship mortgage management solution offered by Ellie Mae is the leading Loan Origination System (LOS) which helps lenders to originate more loans, lower costs, reduce time to close, and make smarter decisions.
Key Features of Encompass360
Compliance Management
Risk Management
Document Management
Refinance Management
Reports and Dashboards
Third-party integration and automation
Extensive customization via SDK/API
Electronic Signatures
Continuous updates and support
Encompass Administration
Some of the desired qualities of an Encompass Administrator professional include
Extensive knowledge of Residential Mortgage Industry
Experience and knowledge about the retail, wholesale and correspondent channels
Strong analytical and problem solving skills to analyze the workflows and understand the business needs
Understanding of all compliance regulations and investor guidelines
Knowledge in third party Software Development Kit (SDK) Encompass Solutions
Project Management skills including knowledge about methodologies and industry standards
Possessing an Encompass Administrator Training Certificate is an added advantage.
Encompass administration functionalities include
Creating and managing initial, closing, and custom documents or disclosures within Encompass while ensuring successful integration
Developing and maintaining queries, dashboards, KPIs, and reports
Creating, designing and customizing reports and subscriptions to assist with process management and efficiency monitoring
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Developing and maintaining custom input forms using Encompass form builder, business rules, eFolder documents, and loan templates in Encompass.
Leveraging new Encompass Partner Connect APIs to expand existing integration capabilities.
Testing the system to confirm whether business needs are met and reporting defects, errors, and configuration issues to management and team.
Analyzing and reviewing Encompass software upgrades and effects they have on the current organizational system prior to implementation.
Maintaining users, roles, profiles, security settings, and loan setup settings
Integrating 3rd party vendors and services
Performing and coordinating user acceptance testing (UAT)
Designing, documenting, configuring, testing, and deploying approved Change Requests and Enhancements
Maintaining and auditing user access and security
Performing system analysis to determine the impact of proposed solutions.
Encompass Implementation
Effective Encompass Implementation helps to minimize cost, lower risk, and improve ROI. Lenders who need Encompass Implementation Help or Encompass support are always faced with these daunting doubts:
How to configure Encompass?
Which consultant provides the best Encompass configuration services?
How to customize Encompass to leverage maximum benefits?
Where can one find the most useful Encompass resources/tutorials?
Who are the Top Encompass consultants/implementation specialists in the Mortgage technology space?
The key aspects of effective Encompass Implementation/Installation includes
Encompass pre-configuration
Involving best practices for successful testing and deployment
Customized installation of settings, business rules, dashboard, and condition configuration
Proper installation of key settings which helps in leveraging the power of Encompass
Setting up Encompass Docs Solution, Encompass Compliance Service and Encompass Product & Pricing Service.
Post-deployment phase to evaluate the effectiveness and improvements.
