Ellie Mae announced it has entered into a strategic partnership with Fannie Mae,
the leading source of residential mortgage credit in the U.S. secondary market,
to further integrate Fannie Mae’s suite of risk management tools into
Encompass, Ellie Mae’s all-in-one mortgage management solution.
Fannie Mae and Ellie Mae announced they will collaborate to provide joint clients enhanced
functionality that will help ensured loans meet Fannie Mae requirements from
eligibility to loan delivery. Fannie Mae provides a number of leading
technology tools to help lenders improve the quality of loans they originate
including Desktop Underwriter (DU), the industry’s leading 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. Joint customers will be able to leverage
Ellie Mae and Fannie Mae leading technologies from within a unified workflow
environment in Encompass, giving lenders a more efficient process for
delivering quality loans to Fannie Mae with greater certainty.
“Our focus at Ellie Mae is to provide our lenders with
innovative solutions for automating the entire loan process while ensuring the
highest level of compliance, loan quality and efficiency,” Ellie Mae executive
vice president Joe Tyrrell, said in the release. “Our strategic partnership
with Fannie Mae will make it even easier for our lenders to do business with
Fannie Mae through a complete workflow that covers the entire loan cycle, from
application to post-closing.”
“We share a common goal with Ellie Mae, which is to provide
best-in-class tools to our lenders,” Fannie Mae senior vice president of
strategic initiatives and business solutions Steve Pawlowski, said. “By partnering with Ellie Mae, we will
leverage our combined technological innovation and expertise to create even
greater automation and transparency.”