Ellie Mae offers Zenta Broker Services
Ellie Mae offers Zenta Broker Services for speedy, cost-efficient outsourced processing
New York, NY—July 19 2007—Zenta, a world-class knowledge process outsourcing (KPO) and business process outsourcing (BPO) company and Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, have entered into an affiliated partner agreement to offer Zenta’s Broker Services through Ellie Mae’s award-winning ePASS® Network web portal.
"Zenta Broker Services provides high quality, cost effective loan processing services to residential mortgage brokers and loan originators regardless of the size of the operation or production volume," said Nick Woodcock, senior vice president of Zenta’s residential mortgage services division. "We are delighted to partner with Ellie Mae to offer users of Ellie Mae’s software such a straightforward and efficient method to access these services from their desktop."
Zenta Broker Services is a hybrid onshore / offshore service delivery platform that provides a low cost alternative to in house loan processing. The platform has been designed from the outset to provide rapid turn times on loan processes and to comply with strict quality guidelines, modeled from six sigma practices, to improve processes by eliminating defects in the loan processing service.
By combining Zenta’s unique approach to loan processing with Ellie Mae’s award winning Encompass® Mortgage Management software, users will get faster, higher quality and more secure transfer of data and documents. Users simply submit a completed loan application, disclosures and borrow authorizations and Zenta Broker Services does the rest. The broker maintains all communication with the borrower and Zenta Broker Services functions as a behind-the-scenes silent processor, keeping the broker up to date every step of the way. Users can track the progress of the loan through their Encompass systems, which provide status each step of the way and at any give time. Brokers maintain full control of the process, selecting the loan program and lender, and locking the loan at their discretion.
"Outsourced services just make sense," explains Jonathan Corr, Ellie Mae’s chief strategy officer. "Companies like Zenta which offer onshore/offshore services can provide the kind of cost-effective outsourcing options that many companies are looking for these days."
Founded in 2000, Zenta is a world-class knowledge process outsourcing (KPO) and business process outsourcing (BPO) company, offering a full range of back-office, voice and on-site support solutions such as loan processing and underwriting, credit card servicing, consumer lending, accounts receivable management, mortgage loan administration and real estate capital market analytics in the following verticals: commercial and residential real estate, consumer credit, insurance and financial services and diversified business services. The company currently employs more than 5,000 staff domestically in New York, Los Angeles, Philadelphia and Charlotte; as well as overseas in London, and in Mumbai and Chennai, both in India. For more information about the company, please visit www.zenta.com.
About Ellie Mae
Ellie Mae, an award-winning provider of software and services for the mortgage industry, offers a comprehensive line of solutions that includes the company’s flagship Encompass® mortgage automation system, Contour™ and Genesis 2000® loan origination software, and the ePASS® Network. Recently awarded Mortgage Technology magazine’s Synergy Award, Ellie Mae is the choice of over 50 percent of the industry for loan origination solutions. Encompass is deployed by over half of the nation’s top 250 brokers, including seven of the top ten, and over one third of the nation’s $3 trillion in loans pass through the ePASS Network, the industry’s online transaction platform enabling mortgage companies in the United States to easily do business online with dozens of leading lenders and thousands of settlement service providers. Ellie Mae is based in Dublin, California. To learn more about Ellie Mae, visit www.elliemae.com or call (888) 955-9100.
Ellie Mae, Encompass, ePASS, and Genesis 2000 are registered trademarks, and Contour, Encompass Websites, and Ellie Mae Docs are trademarks, of Ellie Mae, Inc. All rights reserved.
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