Opes Advisors Selects Ellie Mae’s Encompass Mortgage Management Solution

Efficiency, consistency and compliance with new regulations were driving factors behind decision

PLEASANTON, Calif. – October 19, 2015Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today announced that Opes Advisors has implemented Ellie Mae’s Encompass all-in-one mortgage management solution as its mortgage lending platform.

Headquartered in Cupertino, California, Opes Advisors is a financial services company that offers a wide range of competitively priced mortgage programs, as well as financial planning, investment management and real estate investment advisory services. The company has 43 locations in California, Oregon, and Washington.

With new federal mortgage regulations approaching, Opes Advisors began looking to update its mortgage automation software early last year. After implementation with another vendor failed to progress as planned, the management and technology teams at Opes Advisors chose Ellie Mae for a single software solution to support their current and future business needs. Opes Advisors officials said staying compliant with new Truth-in-Lending and RESPA Integrated Disclosure (TRID) regulations set to take effect in October and the need for a consistent, reliable lending process were among the most important factors behind their decision to select Encompass, Ellie Mae’s fully integrated, all-in-one solution. Encompass provides one system of record that allows mortgage lenders to originate and fund mortgages, improving compliance, loan quality and efficiency in the process.

“Ellie Mae provided us with an all-in-one solution and the integration capabilities that we needed to support our growing organization,” said Susan McHan, CEO, Co-Founder, and President, Mortgage Bank at Opes Advisors.

McHan said Opes Advisors has deployed Encompass as an end-to-end solution to support origination, processing, underwriting and closing. In addition, Open Advisors is leveraging transaction data and integration with its proprietary Real Estate Decision Technology to better realize the company’s vision of helping clients make more effective financial decisions.

“The reporting capabilities of Encompass are invaluable,” said McHan. “With a single database, we can access information and pull it from multiple sources in a straightforward way. This data is already making us more intelligent and helping us run our company more efficiently to continually innovate ahead of our competition.”

Additionally, Opes Advisors was looking for implementation to be completed in time to meet the TRID changes slated to take effect on October 3, 2015. “Ellie Mae accommodated our very aggressive implementation schedule and goals,” said McHan. “The team was comprised of subject matter experts who really knew the solution, and also the industry and our business requirements. If we had a challenge, they knew what to do and they helped us build and configure a system that met our specific needs. Opes Advisors was ready for the TRID changes.”

“We are delighted Opes Advisors has chosen Ellie Mae to be its mortgage technology partner,” said Jonathan Corr, president and CEO of Ellie Mae. “Opes Advisors has a long history of serving the financial needs of its customers across California, Oregon and Washington and we look forward to supporting their mission of selling high quality mortgages while offering a compliant and efficient lending process.”

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 Opes Advisors

Opes Advisors is a financial services company that offers a wide range of competitively priced mortgage programs, as well as financial planning, investment management, and real estate investment advisory services. Helping people make more confident decisions since 2004, we have 43 locations in California, Oregon, and Washington.

Website: www.opesadvisors.com

PRESS CONTACT

Erica Harvill
Ellie Mae, Inc.
(925) 227-5913
Erica.harvill@elliemae.com

Warren Lutz
Strategic Vantage Marketing & Public Relations
(925) 899-9773
WarrenLutz@StrategicVantage.com

Robert Coombs
Opes Advisors
(650) 931-0609
Rcoombs@opesdavisors.com

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© 2015 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, DataTrac®, Ellie Mae Network™, Total Quality Loan™, TQL™ and the Ellie Mae logo are trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.

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