Mortgage technology firm FirstClose has announced that its reporting suite is now available through Ellie Mae’s Encompass digital mortgage solution.
The integration will allow lenders to order FirstClose’s solutions directly through Encompass to drive efficiency in the loan origination process.
Services can be ordered directly from Encompass, eliminating duplicate keystrokes when placing orders. When orders are returned, data points are sent back to Encompass, which automatically populates critical fields such as the full legal description and vesting information from the title work, the appraised value from the valuation product selected, and more. Copies of the completed reports are automatically imaged into Encompass. The integration reduces human error, as well as costs and closing times.
“Seamless integration between the LOS and valuation and settlement services helps lenders close loans more quickly and efficiently,” said Tedd Smith, CEO of FirstClose. “Our secure integration with Encompass enables our clients to simplify the process of ordering our solutions, so they can more easily process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae.”
Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass digital mortgage solution provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.