Mortgage

Fannie Mae and Ellie Mae integrate mortgage underwriting products

Expansion allows clients to use integrated technologies when selling loans

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.

Most Popular Articles

Here are the mortgage lenders that borrowers like the most

J.D. Power’s 2019 U.S. Primary Mortgage Origination Satisfaction Study, released Thursday morning, showed that there are some lenders that customers seem to love working with more than others. Here are the ones that borrowers are partial to.

Nov 14, 2019 By

Latest Articles

Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By