AllRegs by Ellie Mae Now Official Publisher of FHA Handbook
PLEASANTON, CA – May 19, 2015 – Ellie Mae® (NYSE: ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced that AllRegs by Ellie Mae began publishing the FHA Single Family Housing Policy Handbook (HUD Handbook 4000.1) as of May 18. The Handbook is scheduled to go into effect on September 14, 2015.
Ellie Mae became the official publisher of FHA handbooks after being awarded a contract by the U.S. Department of Housing and Urban Development/Single Family Office this past September.
The addition of the FHA Handbook creates an improved user experience for lenders with greater functionality and reliability, including robust links between AllRegs and other FHA resources and information. In addition to publishing FHA’s online resources, AllRegs by Ellie Mae’s offerings include training and help desk support services for HUD staff and other users. The AllRegs by Ellie Mae publishing platform also includes searchable access to both current and archived FHA loan guideline documents, including dynamic searches using keywords and synonyms, and the ability to export content into various formats.
“With the FHA playing a critical role in today’s housing market, lenders need resources and tools that help them comply with the agency’s policies quickly and efficiently,” said Jonathan Corr, president and CEO of Ellie Mae. “The FHA’s decision to publish its guidelines with us will provide lenders that originate and close FHA loans with better access and efficiency, especially with search capabilities built into the AllRegs by Ellie Mae platform.”
AllRegs, which was acquired by Ellie Mae in October 2014, is the exclusive electronic publisher of underwriting and loan product guidelines for Fannie Mae, Freddie Mac, the Federal Home Loan Bank of Chicago MPF Program, Wells Fargo, Citibank, Chase, US Bank and Flagstar Bank, in addition to publishing internal guidelines and hosting over 250 websites for some of the most progressive mortgage companies in the country.
In addition to publishing loan product and guideline data and analytics, AllRegs by Ellie Mae offers virtual and live training, designation and practical guides, as well as off-the-shelf policy and procedures manuals and other documents that can be customized for each company. Its extensive content library of regulations and investor guidelines is relied upon by virtually all of the top 100 U.S. lenders.
About Ellie Mae
Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass® all-in-one mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.
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