PriceMyLoan Announces Integration With Ellie Mae’s Encompass360™
Leading technology providers collaborateto create powerful lending system
COSTA MESA, CA – November 18, 2009 –PriceMyLoan announced an integration with Ellie Mae®'s Encompass360™ Mortgage Management Solution today. The integration allows users of Encompass360™ to conveniently access automated underwriting and loan pricing decisions provided by the PriceMyLoan engine from within the Encompass360™ system.
"PriceMyLoan and Ellie Mae are leading technology providers in the mortgage industry," said Gigi Campbell, national sales director for PriceMyLoan. "Our integration creates tremendous value for mortgage bankers by providing a seamless process for originating, qualifying and pricing loans within a single platform."
Once a loan file has been created in Encompass360™, the file’s data can be transmitted directly to PriceMyLoan's engine. Using investor guidelines, pricing matrices and rate sheets, PriceMyLoan returns accurate loan eligibility and pricing results back to the Encompass360™ user within seconds. Product and pricing data is automatically transferred back onto the Encompass360™ loan file when selected by the user.
"Encompass360™ customers can now leverage the automated underwriting and pricing strengths of PriceMyLoan without disrupting the workflow of Encompass360™," said Richard Roof, senior vice president for Ellie Mae. "Our customers have come to rely on us to provide comprehensive access to the solution providers that enhance their business processes. As a market leader, Ellie Mae is committed to fostering productive partner relationships, and providing our customers with seamless, integrated access to high quality solutions like PriceMyLoan.”
About PriceMyLoan
PriceMyLoan is a proprietary product of Insight Lending Solutions (ILS). Founded in 2002, ILS provides web-based application service for the mortgage lending industry and software as a service (SaaS) to its clients to enhance productivity, reduce IT dependency, and accelerate time-to-value for mortgage companies. Combining advanced technology development using XML and MISMO standards with high-quality service, ILS provides its clients with solutions that result in reduced loan cycle times, improved pull through rates, and a lowered total cost of software ownership. For more information, please visit www.pricemyloan.com.
About Ellie Mae
Ellie Mae is the award-winning provider of software and services for the mortgage industry, offering comprehensive business solutions for mortgage bankers, community banks, credit unions, mortgage brokers and lenders. The company's key offerings include the newly launched flagship Encompass360™ Mortgage Management Solution, Encompass CenterWise™ websites and electronic document management services, and Encompass Closer document preparation services. More than 100,000 mortgage professionals use the Encompass® Mortgage Management Solution. A recipient of the prestigious Inman Award as the most innovative company in the mortgage industry and acknowledged as a top technology service provider by Mortgage Technology magazine, Ellie Mae is recognized for developing technology that links the many parties critical to the mortgage origination industry through its patented ePASS® technology. One quarter of the nation's estimated $2 trillion in new mortgage originations utilize Ellie Mae’s ePASS technology, which enables mortgage companies to easily and securely conduct electronic business transactions with dozens of leading lenders and thousands of settlement service providers. Ellie Mae was founded in 1998 and is based in Pleasanton, California. To learn more about Ellie Mae, visitwww.EllieMae.comor call 877.355.4362.
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Contact:Linn Cook
PriceMyLoan
(714) 957-6335
News Source : PriceMyLoan Announces Integration With Ellie Mae’s Encompass360™
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