Ellie Mae Upgrades Encompass Banker Functions

Ellie Mae has launched Encompass Banker Edition 3.0, which it says enables mortgage originators to service their own loans and take advantage of broader banking process management and more comprehensive secondary management functionality.The product also enables users to manage the bulk sale of loans in the secondary market while closely tracking overall profitability on trades, Ellie Mae said. Encompass Banker 3.0's additional upgrades, according to the company, include purchase advice reconciliation that enables users to reconcile funds received from investors when selling loans in the secondary market; audit trails that offer a view of changes, including who made each change and when the change was made; and MERS/MIN registration functions that allow users to generate and register MERS/MIN numbers from within Encompass. Enhancements to secondary management functions include integration to a leading product and pricing engine. The company can be found on the Web at http://www.elliemae.com.