Ellie Mae Updates Encompass

Dublin, Calif.-based Ellie Mae has released Encompass 3.0, an upgrade of its Encompass Mortgage Management Solution that enables two-way communication with borrowers and vendors, handles more loan programs, and integrates with more third-party technology.In addition, Ellie Mae said the product is now fully integrated with Encompass WebCenter, a tool that provides users with a scalable and search-engine-friendly website and a secure online business center that originators can use to generate leads and to communicate and collaborate with borrowers and partners. Encompass 3.0 supports more third-party technology platforms, like the newest versions of several systems by Microsoft, ACT!, and Adobe, Ellie Mae said. Furthermore, the upgrade can handle a larger array of loan programs, including piggyback loans and more payment-option adjustable-rate mortgage products. Compliance auditing for high-cost and predatory loans is now completely automated within Encompass 3.0, Ellie Mae said. The company can be found on the Web at http://www.elliemae.com.