TD Bank has implemented the Encompass digital mortgage system from Ellie Mae.
The platform replaces the lender’s legacy origination system and has been rolled out using Ellie Mae’s Professional Services Organization and cooperation from the bank’s teams in the United States and Canada.
Several customizations were included on top of the platform to further streamline the process.
"By leveraging Ellie Mae's Encompass platform, we're able to provide our customers with a simplified process, online access to documentation, and a substantial reduction in their loan closing time, all of which will dramatically enhance the mortgage lending experience,” said Rick Bechtel, EVP, Head of U.S. Mortgage Banking, TD Bank.
He added that the new solution will also provide the lender’s employees with tools to increase efficiency and streamline processes.
“We’ve worked together to successfully transition TD from a legacy origination system to an agile solution equipped to handle the complexities and loan volume experienced by a leading national bank,” said Jonathan Corr, president and CEO of Ellie Mae. We value the opportunity to partner with TD Bank to help them grow the mortgage lending arm of their business.”
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