Ellie Mae Releases Encompass Banker Edition 3.0 and Encompass Custom Edition 3.0

Enhancements to Encompass Banker Edition enable interim servicing and better management of loans targeted for secondary market sale

PLEASANTON, CA—January 28, 2008—Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, has released Encompass Banker Edition 3.0 and Encompass Custom Edition 3.0, the most recent versions of its acclaimed Encompass Mortgage Management Solution. Encompass Custom Edition offers extensive configurability in a loan origination system, and Encompass Banker Edition is a complete end-to-end business solution designed for today’s small- to mid-size correspondent mortgage lenders, mortgage bankers, community bankers, credit unions, and brokers looking to become bankers.

Most of the numerous system enhancements will benefit both editions of Encompass. However, several additional improvements have been targeted specifically for Encompass Banker 3.0. All enhancements were tailored to accommodate the actual needs of today’s users by enabling higher customization and automating even more of the most common time-consuming tasks in the industry.

“Bankers’ needs have evolved greatly over the past year, and we’ve addressed those needs with significant enhancements throughout,” states Jonathan Corr, chief strategy officer for Ellie Mae. “The tools we’ve added to Encompass Banker Edition 3.0 offer even more control over core banking functions, as well as easy access to the type of information that bankers need to make better decisions and reach higher profits. Now, mortgage bankers can service loans prior to selling loans on the secondary market, track their profitability on trades, and configure notifications that alert them of key servicing activities, such as when statements must be sent out, when accounts go past due and when they’re scheduled to make upcoming disbursements. And they can do all this right from within their Encompass systems.”

Corr adds, “With Encompass Banker 3.0, secondary marketing executives can track exactly where they stand in terms of pricing and selling their loans on both a flow and bulk basis, avoid late delivery and pair-off fees, and make sure they’re selling their loans at the best price, all as a part of their standard business practice.”

In addition to the improvements to Encompass Banker 3.0, Ellie Mae has also incorporated numerous additional enhancements that will affect both Encompass Custom 3.0 and Encompass Banker 3.0, including:

  • Comprehensive audit trails that capture the details around any changes to key loan fields
  • Alert configurations with “snooze” and “dismiss” functions, so users can control alert timing
  • Custom mapping of contact fields to eliminate redundant loan file data entry
  • Business rules enhancements that improve user control over access to loan fields, in addition to offering control over the times that form buttons are accessible to loan team members
  • User group enhancements that provide flexible access to borrower contacts

“These enhancements enable users to create a system that supports their existing unique ways of doing business,” says Corr. “Encompass Custom 3.0 was intelligently designed to enable users to create shortcuts and automate processes the way they see fit, not to enforce a one-size-fits-all type of automation that can lead to more work. Encompass Custom Edition users like the system because it allows them to do better business their way, not someone else’s.”

Launched only four years ago, Encompass is currently being used by nine of the top 10 brokerages and over two-thirds of the top 250 brokers nationwide, several of which operate as bankers and provided input in the design of Encompass Banker Edition.

About Ellie Mae

Ellie Mae is an award-winning provider of software and services for the mortgage industry, offering comprehensive business solutions for mortgage brokers, mortgage bankers and lenders. The company's key offerings include the flagship Encompass Mortgage Management Solution, the Encompass WebCenter, Electronic Document Management (EDM), Encompass CenterWise™ and Encompass Closer. More than 150,000 mortgage professionals use Encompass, including two-thirds of the nation’s top 300 brokers and nine of the top 10. Ellie Mae is recognized for linking the many parties critical to the mortgage origination industry through its ePASS Network. One third of the nation's almost $2 trillion in new mortgages originated every year pass through the ePASS platform, enabling mortgage companies to easily conduct electronic business transactions with dozens of leading lenders and thousands of settlement service providers. Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.elliemae.com or call 877.355.4362.


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.

Press Contact:

Rosalie Berg
Strategic Vantage for Ellie Mae
(305) 971-5352

Back arrow