Ellie Mae, Dublin, Calif., says it will go "head-to-head" with San Jose, Calif.-based Calyx Software, makers of the popular Point loan origination system, in order to get market share by launching a new application called Encompass.The new application is designed to go beyond the LOS, according to Ellie Mae chairman and CEO Sig Anderman, by offering three separate views of the organization. Loan officers, processors and brokers will all see different screens depending upon their unique needs, but all data will be seamlessly shared throughout the organization and messages can be sent between them. Encompass is integrated with Ellie Mae's ePass Business Center, giving users access to settlement services providers and wholesale lenders, with returned data populated directly into the file. Brokers ordering Encompass before Jan. 31, 2004, will receive the software at no cost, including a free first year of support and maintenance. Ellie Mae's website address is http://www.elliemae.com.
Ellie Mae Launches Encompass
Published October 06, 2003, 2:00 p.m. EDT
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