Wolters Kluwer Financial Services and Ellie Mae Partner to Integrate Closing and Document Preparation Solutions
Partnership will enable Ellie Mae Encompass Closer customers to reduce secondary market risks, cut costs and increase efficiency in document preparation
Minneapolis, MN—October 15, 2007—Wolters Kluwer Financial Services and Ellie Mae have announced a partnership agreement that will create a seamless integration between Desert Document Services, Wolters Kluwer Financial Services’ document preparation solution, and Encompass® Closer, Ellie Mae’s comprehensive closing solution that enables users to complete the entire closing process all in one system. Now, users of Encompass Closer will be able to easily access Desert Document Services from within the Encompass mortgage management system.
The collaboration will enable lenders who utilize Encompass Closer to connect to Desert Document Services’ industry’s leading document preparation solution, to help protect themselves from secondary market risks and increase their speed, accuracy and flexibility in preparing and delivering compliant disclosure and closing package documents. As an added benefit, this integration will also give Ellie Mae’s Encompass customers access to Wolters Kluwer Financial Services’ industry-leading and warranted VMP Mortgage Solutions compliance forms and content, found within the Desert Document Services solution.
"By adding Desert Document Services to the other suppliers in our integrated Encompass document solution, we will be offering virtually any type of document set for any investor to our customer base," says Richard Roof, senior vice president of Strategic Partnerships at Ellie Mae. "Wolters Kluwer Financial Services is a very high quality service provider with excellent technology that will work seamlessly and easily with Encompass Closer."
"We’re very happy to be partnering with Ellie Mae," says Jason Marx, general manager of Wolters Kluwer Financial Services’ mortgage line of business. "Like Wolters Kluwer Financial Services, Ellie Mae has a reputation for leveraging technology to make the mortgage origination process much more efficient and cost-effective for lenders. By working together, Wolters Kluwer Financial Services and Ellie Mae will be helping lenders increase operational efficiencies and reduce secondary market risk, which is more important than ever in today’s current mortgage market."
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 $2 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.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street®.Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has 2006 annual revenues of €3.4 billion ($4.3 billion), employs approximately 18,450 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.
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.
Strategic Vantage for Ellie Mae
Wolters Kluwer Financial Services
Director of Corporate Communications