Texas Capital Bank is First Warehouse Lender to Leverage Encompass Investor Connect to Provide Customers More Efficient Workflows; Partnership with MBMS Simplifies Integrations for Warehouse Lenders
Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry, announced that Ellie Mae Encompass Investor Connect, which provides automated delivery and receipt of both data and documents directly from the lenders’ system of record to correspondent investors, is now available for warehouse lenders. Through Encompass Investor Connect, warehouse banks will now receive the same benefit that many of the industry’s largest investors experience by automating the interaction between Encompass and the warehouse lender’s systems. Texas Capital Bank, a top three warehouse lender, is the first to utilize Encompass Investor Connect from a warehouse perspective. Ellie Mae has also announced a partnership with MBMS, a leading provider of warehouse lending software, to simplify integrations for warehouse lenders on their ProMerit™ platform, further extending the ecosystem and increasing value for all participants.
For lenders, Encompass Investor Connect automates the delivery of mortgage data elements and documents while eliminating the exportation of insecure data. By leveraging a single system of record, the solution mitigates managing various portals. And, by offering workflow efficiencies for wire request status, release and stipulation reconciliation, lenders can accelerate workflow and reduce the time from funding to loan purchase.
Encompass Investor Connect is the secure system-to-system workflow between lenders and correspondent investors that ensures delivery of accurate and compliant loan packages as part of the Encompass® Digital Lending Platform. It supports the needs of lenders and investors, removing the manual loan package delivery process by automating directly from the Encompass LOS to the investor. This improves pricing tiers and purchase times while enhancing efficiency, accuracy and compliance.
“With Encompass Investor Connect, we are now enabling funding requests directly from Encompass. This speeds up key processes, reduces laborious tasks and frees up liquidity and capacity for lenders while helping our warehouse lenders grow their business along with simplifying the receipt of data and documents,” said Parvesh Sahi, senior vice president of business development, Ellie Mae. “And with Texas Capital Bank and MBMS on board, we are already making it easier for lenders and warehouse banks alike to achieve a true digital mortgage.”
For warehouse banks, Encompass Investor Connect automates the delivery and receipt of data elements and documents from lenders and satisfies the need for a uniform exchange of data. With this solution, warehouse lenders can automate status and stipulation messaging while reducing workload for mutual clients.
“Texas Capital Bank is constantly looking for ways to leverage technology to make it easier to do business,” said Donnie Martin, executive vice president, director of warehouse lending, Texas Capital Bank. “With Ellie Mae’s Encompass Investor Connect, we will help our clients achieve efficiencies in their business which in turn will further strengthen our relationships and build our business.”
“We are excited to partner with Ellie Mae to offer the value of a fully integrated solution between Encompass Investor Connect and ProMerit for MBMS clients,” said Rich Berg, chief product and development officer, MBMS. “This streamlined direct connection between our market leading platforms provides increased efficiency in operations and a more beneficial experience to clients, while continuing the push to a fully automated warehouse lending experience with ProMerit.”
About Ellie Mae
Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.
Ellie Mae, Inc.
Alexandra Gardell Kreuter