Ellie Mae Announces Expanded HELOC Lending Automation in Encompass
Summary
PLEASANTON, Calif.--(BUSINESS WIRE)--Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, today announced the Encompass Digital Lending Platform™ offers expanded functionality with additional automation capabilities for greater efficiencies in home equity line of credit (HELOC) lending. “To help lenders capitalize on the increased consumer demand for HELOCs, Ellie Mae has introduced more functionality designed to help lenders originate more loans, lower costs, and deliver an improved borrower experience across the entire HELOC lending lifecycle in a digital lending platform.” The latest 19.3 major release of Encompass provides expanded HELOC functionality which adds the ability to preconfigure the set up key disclosure information. With these new configuration capabilities, automation and dynamic documents, customers can quickly ramp up multiple HELOC product offerings in all 50 states. Now, with Ellie Mae’s Encompass Digital Lending Platform, lenders can leverage expanded capability to simplify and automate every aspect of their HELOC workflow, ensure quality and compliance, and deliver a better customer experience. The end-to-end HELOC experience includes: Learn how to take advantage of the growing demand for Home Equity Lines of Credit by reading our recent blog.