Ellie Mae Expands Integration with First American Title Insurance Company to Streamline Title and Closing Experience
PLEASANTON, Calif. – July 26, 2016 – Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today an enhanced integration with First American Title Insurance Company, one of the largest title insurers in the nation, to enable rate and fee quoting, title and settlement ordering, and collaboration on Closing Disclosure Forms directly from Ellie Mae’s Encompass, all-in-one mortgage management solution.
With this enhanced integration with First American, Encompass users now have a more streamlined workflow, giving the user the ability to import rates and fees and revised title-related fees directly into the 2015 itemization form, seamlessly updating the Closing Disclosure. Additionally, the enhancement offers bi-directional communication allowing customers to exchange data and documents via a secure portal.
“We recognize that the regulatory changes impacting the industry have created a greater need for collaboration between the lender and the settlement agents,” said Joe Tyrrell, executive vice president of corporate strategy for Ellie Mae. “Through the expanded integration with First American Title, Ellie Mae is streamlining the title ordering and collaboration process for lenders and settlement agents. We will continue to work with industry leaders, like First American, to ensure that our lenders have the best experience and easiest path to true collaboration.”
“We’re excited to enhance our integration with Ellie Mae,” said Chris Leavell, chief operating officer, First American Title. “It demonstrates our shared commitment to support lenders solutions designed to expedite Loan Estimate and Closing Disclosure production. The expanded integration allows lenders to exchange notes, documents and Closing Disclosure data with both our centralized lender arm, First American Mortgage Solutions, and with our local First American Title offices across the country.”
For more information about Encompass, visit: http://www.elliemae.com/encompass/encompass-overview
About Ellie Mae
Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass® all-in-one mortgage management solution, Mavent Compliance Service, and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit EllieMae.com or call 877.355.4362 to learn more.
About First American Title Insurance Company
First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans. For more information, visit www.firstam.com/title.
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