Monona State Bank selects Ellie Mae mortgage solution
Bank switches to Encompass360
Monona State Bank in Monona, Wis., selected Ellie Mae’s (ELLI) Encompass360 as its mortgage management solution, the firm said in a public statement.
The bank is a full-service community bank with three branches in Wisconsin that originated approximately $130 million in first mortgages last year.
"Although internet and customer-direct lending are clearly a growing trend, it is important to remember that many customers want and prefer personalized attention," said Jonathan Corr, president and chief operating officer of Ellie Mae.
"We’re pleased to be able to help lenders like Monona State Bank that need easy-to-implement solutions to help assure compliance and deliver a superior, in-person customer experience," he added.