Fintech News

Ellie Mae Digital Lending Platform Innovation Supports Lenders During COVID-19 Situation

Ellie Mae Virtual Experience 2020 Sees Successful Conclusion

Partner Integrations Support eClosing, Appraisal, and Verification Alternatives for Increased Virtualization Throughout Mortgage Process

Ellie Mae, the leading cloud-based loan origination platform provider for the mortgage industry, offers the following Ellie Mae Digital Lending Platform capabilities to support lenders during the evolving COVID-19 pandemic.

Read More: Empowers MarketAxess to Innovate and Inform Trading Strategies

“We recognize that in these unprecedented times, lenders are experiencing increased refinance loan volumes while contending with the need to support virtual workforces and consumer demand for online services,” said Jonathan Corr, President and CEO of Ellie Mae. “With the Ellie Mae Digital Lending Platform, lenders can take advantage of Ellie Mae innovation as well as the capabilities provided by our robust network of partners who are speeding innovation and integrations to meet the changing demands.”

Read More: Invoia Re-Brands, Focuses on Small Businesses With Recurring Revenue

“From consumer engagement functionality and mobilizing loan officers to eClosing and homeowner-guided appraisals, mortgage technology can help lenders continue to manage workflow and processes in a seamless, digital manner. This is critical when in-person interaction is limited.”

Ellie Mae and the Ellie Mae Network of partners are responding by enabling lenders to take advantage of current and evolving technologies being built on the Ellie Mae Digital Lending Platform to decrease in person and/or manual interactions, such as accepting more appraisal waiver offers and doing electronic verifications of income, assets, employment, etc.  In addition, new partner integrations and offerings can assist lenders with their capacity and virtual mortgage manufacturing needs.

Encompass Consumer Connect: Consumer Connect is Ellie Mae’s point-of-sale solution which enables borrowers to easily complete an online mortgage application with zero in-person interaction, verify income, employment, and assets directly from the source, instantly engage with their loan officer, and securely upload and eSign documents, making it faster and less expensive for a lender to process a loan.

Read More: Finhabits Launches Microlearning Journeys to Help Diverse Communities Build Healthy Financial Habits

Related posts

Sezzle partners with Ally Lending

Fintech News Desk

Finxact Launches New Marketplace to Fuel the Next Generation of Core Banking

Fintech News Desk

Morgan Stanley Investment Management Significantly Exceeds Target With Second Co-Investment Fund

Fintech News Desk