Fannie Mae and Ellie Mae just integrated technologies for clients of the mortgage software provider to better sell loans to the government-sponsored enterprise.
Some of the joint technologies will include integrating Encompass, Ellie Mae’s mortgage management solution, with 3 Fannie products.
Those are Desktop Underwriter, an automated underwriting system; Collateral Underwriter, an automated risk assessment tool for appraisals; and EarlyCheck, which helps lenders identify and correct loan issues before delivery to Fannie Mae.
This expanded partnership will affect some 120,000 mortgage professionals and thousands of mortgage companies who use Ellie Mae’s systems.
“We share a common goal with Ellie Mae, which is to provide best-in-class tools to our lenders,” said Steve Pawlowski, senior vice president of strategic initiatives and business solutions at Fannie Mae.
“Together, we will provide our customers with greater certainty and access to technology that makes it easier to do business with us,” Pawlowski added.