Ellie Mae Unveils Encompass Enhancements

Ellie Mae, a Dublin, Calif.-based provider of software for the mortgage industry, has announced the release of Encompass Banker Edition 3.0 and Encompass Custom Edition 3.0. Custom Edition offers "extensive configurability" in a loan origination system, and Banker Edition is "a complete end-to-end business solution" designed for small to midsize correspondent mortgage lenders, mortgage bankers, community bankers, credit unions, and brokers interested in becoming bankers, Ellie Mae said. Most of the system enhancements will benefit both editions of Encompass. "Now, mortgage bankers can service loans prior to selling loans on the secondary market, track their profitability on trades, and configure notifications that alert them of key servicing activities, such as when statements must be sent out, when accounts go past due, and when they're scheduled to make upcoming disbursements," said Jonathan Corr, chief strategy officer for Ellie Mae. The company can be found online at http://www.elliemae.com.