Dublin, Calif.-based Ellie Mae has launched Encompass Banker Edition, a version of its Encompass Mortgage Automation System designed specifically for mortgage bankers.Encompass Banker Edition incorporates both front-end customer relationship management and loan processing capabilities along with the back-end loan fulfillment functionalities required by small to midsize correspondent mortgage lenders, mortgage bankers, community bankers, and credit unions. The new product leverages the customer relationship management, loan origination, loan processing, electronic document management, business intelligence, and integrated settlement services network capabilities of Encompass Professional edition, Ellie Mae said. To meet the back-end needs of mortgage bankers and lenders, Encompass Banker Edition incorporates an integrated loan fulfillment solution that includes underwriting, closing, funding, secondary marketing, and shipping. The company can be found on the Web at http://www.elliemae.com.
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CrossCountry increased its agreed-to offer for the real estate investment trust by 50 cents per share, as UWM Holdings made an unsolicited bid on April 20.
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