Encompass 2.8 Includes Mandated 1003

Ellie Mae has timed the 2.8 release of its Encompass loan origination system to incorporate the mandated 2006 version of Fannie Mae's 1003 loan application form.Unveiled at the Western Regional Mortgage Brokers Conference in Las Vegas, the newest version of Encompass features enhancements for new business development, loan processing, electronic document management, and administration. It also includes new prequalification and loan comparison tools, an employment verification service, and a simplified appraisal ordering function. Users can conduct a comprehensive prequal with a single form featuring "easy-to-interpret visual cues" showing whether the borrower is qualified or pending qualification, Ellie Mae said. The 2.8 release is scheduled to be available by the end of November. Ellie Mae received a 2005 Mortgage Technology commendation from Mortgage Technology magazine, a MortgageWire affiliate. The company can be found online at http://www.elliemae.com.