As the industry prepares for the upcoming changes to the Real Estate Settlement Procedures Act (RESPA), mortgage software developer Ellie Mae touted strong industry response to its software that can be configured to handle the new required forms and disclosures. Ellie Mae announced more than 1,000 lenders implemented or upgraded their loan origination software to Encompass 360. Encompass 360 is the latest version of the Pleasanton, Calif.-based Ellie Mae’s mortgage management software platform, which was launched in July. The company said more than 15,000 individual loan origination employees so far used the software to process more than $20bn in mortgage applications. Write to Austin Kilgore.
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