Residential mortgage industry software solutions and services provider Ellie Mae announced today its partnership with Wells Fargo to enable joint customers to streamline loan data securely and efficiently.
The process will enable Ellie Mae to deliver its data straight from its Encompass all-in-one mortgage management solution straight to Wells Fargo.
Whereas lenders typically have to export the data from their system then take several steps to upload the data to a Wells Fargo portal, Ellie Mae will be able to do all of that in just one click. In addition to the efficiency, this new method will also ensure that the data is accurate, organized and secure.
“At Ellie Mae, our mission is to provide our lenders with innovative solutions throughout the entire loan process,” said Joe Tyrrell, Ellie Mae executive vice president.
“Through this new process, we will make it even easier for our joint customers to sell loans and deliver loan data directly to Wells Fargo, while helping to ensure the highest levels of compliance, quality and efficiency,” Tyrrell said.
Ellie Mae has approximately 180,000 contracted users of Encompass, the company’s mortgage solution, including seven of the 25 largest U.S. mortgage lenders.