Visionet to showcase VLR Integration with the Ellie Mae Digital Lending Platform at Experience 2020
CRANBURY, NJ – March 04, 2020 – Visionet Systems, Inc., a global technology service provider to the US Mortgage, Title, and related industries, announced today that it will be showcasing VLR and its integration with the Ellie Mae® Digital Lending Platform at Experience 2020 from March 23-25, 2020. The integration allows lenders to more efficiently and securely share data between Visionet’s VLR solution, that is approved/certified by Freddie Mac and Fannie Mae, and Ellie Mae’s Encompass® to improve closure ratio, reduce turnaround time and save costs in the loan origination process.
Speaking about the participation, Arshad Masood, CEO at Visionet Systems said “Leveraging the API based integration with Encompass, VLR can directly access borrower documents in the eFolder, process them and make relevant data available in Encompass within minutes. All of this is done automatically, saving time and eliminating the chance of any errors. As a result, the underwriting process gets streamlined and lenders can free up time of specialist underwriters to process more loans each day. Lenders can deliver improved borrower experience, close loans faster, and reduce operations cost.”
VLR is built on a robust, enterprise-level architecture, and is ideal for any document-intensive workflow within the lending lifecycle, including loan setup, loan boarding, pre and post closing operations and audits.
Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. The Ellie Mae Digital Lending Platform provides one system of record that enables banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency.
About Visionet Systems Inc.
Visionet Systems, Inc. is a leading services provider to the Mortgage and related industries. Through its digitally powered outsourcing services and technology innovations, it helps mortgage businesses transform their operations and scale their business effectively. The company’s technology products complement its top of the line mortgage outsourcing services. For more information, visit us online at bfsi.visionet.com