SoftPro® To Partner With Ellie Mae To Streamline Residential Mortgages
December 13, 2016
Raleigh, NC - SoftPro will partner with Ellie Mae (NYSE: ELLI), a leading provider of innovative, on-demand software solutions and services for the residential mortgage industry, to integrate the nation’s leading title, closing and escrow software with Ellie Mae’s Encompass® all-in-one mortgage management solution. This strategic collaboration will allow SoftPro and Encompass joint customers to be seamlessly linked via the SoftPro 360 business exchange platform.
The partnership will bring together the thousands of mortgage lenders and brokers who use Ellie Mae's Encompass system with the thousands of title and escrow companies who use SoftPro. As technological leaders in each of their respective industries, SoftPro and Encompass bring to their customers a new level of efficiency and productivity through their integration of systems.
SoftPro Senior Vice President of Sales and Marketing Patrick Hempen stated, "This joint endeavor provides national exposure to the title and escrow professionals using SoftPro by linking them with mortgage lenders using Ellie Mae’s Encompass." Hempen went on to say, "Through our mutual collaboration, we can use technology as a means of boosting efficiency and meeting the demand for increased consumer confidence in the residential mortgage process."
Ellie Mae's Encompass mortgage management solution enables banks, credit unions and mortgage lenders to create and fund mortgages and improve compliance, loan quality and efficiency. Encompass is licensed by almost 200,000 users and thousands of banks and mortgage lenders, including seven of the top 25 largest U.S. mortgage lenders.
Mortgage lenders using Ellie Mae's Encompass software for loan origination will be able to send orders to SoftPro customers electronically via SoftPro 360, which is free to all SoftPro users. Title and escrow companies who use SoftPro software will then send the completed documents to Encompass electronically creating a seamless, highly efficient means of delivering residential mortgages to consumers.
"The regulatory changes impacting the industry have created a greater need for collaboration and greater efficiency between the lender and title and escrow professionals," said Joe Tyrrell, executive vice president of corporate strategy for Ellie Mae. “Through the partnership with SoftPro, Ellie Mae is streamlining the ordering and closing process through direct system to system collaboration. We will continue to work with industry innovators to ensure that both of our customers have the best experience and easiest path to true collaboration."
About Ellie Mae
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