Ellie Mae has added Home Point Financial to its network of partners for Encompass Investor Connect.
The mortgage originator joined Ellie Mae's 12 existing correspondent investor partners, which include AmeriHome, Chase, Flagstar Bank, Franklin American Mortgage, Mr. Cooper, NewRez, TMS, and Wells Fargo.
The partnership makes Home Point available to Ellie Mae's Encompass customers via Investor Connect, which is a system-to-system workflow between lenders and investors that provides an automated loan-package delivery process.
"We are thrilled to extend our partnership with Ellie Mae by adding Investor Connect to the suite of products we already use from them," said Steve Landes, senior managing director of correspondent lending at Home Point Financial. "Investor Connect helps us gain operational efficiencies while providing a more seamless digital mortgage experience for our sellers."
Additionally, Home Point works with Ellie Mae's Encompass platform to process post-close purchase reviews and uses Ellie Mae AIQ to help automate underwriting.
"We are thrilled to welcome Home Point as our newest Investor Connect correspondent investor as we further our mission to help originators and purchasers achieve a true digital mortgage," said Parvesh Sahi, senior vice president of business development at Ellie Mae. "Home Point Financial is focused on offering their sellers improved delivery and efficiencies while improving their own review and purchase times."