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As a leading provider of on-demand software solutions and services for the residential mortgage industry, Ellie Mae has always focused on giving mortgage lenders the innovative technology to improve compliance, quality and efficiency in all channels.
Encompass TPO Connect is the latest evidence of this focus. A customizable, two-way web experience, Encompass TPO Connect allows lenders to work more collaboratively with their third-party origination partners to ensure efficiency, compliance, and data integrity throughout the loan process.
"Encompass TPO Connect allows lenders to leverage our next-generation platform technology to more easily conduct correspondent and wholesale-loan business and keep data accurate and compliant as part of a single system of record," said Jonathan Corr, Ellie Mae president and CEO. "It's all about improving the back and forth between the lender and third-party originator, so both parties can originate loans efficiently and profitably."
As Corr mentioned, Encompass TPO Connect is built on Ellie Mae’s next-generation platform. The platform features new, open application program interfaces (APIs) that will be available to Ellie Mae’s customers early in 2017, along with a new developer portal.
“The open APIs will allow lenders to further innovate and customize the solution and provide an innovative easy-to-use website that’s inviting to TPOs,” continued Corr.
It’s all part of how Ellie Mae continues to drive innovation throughout its organization. The company hosts an annual Hackathon and Tech Summit to give its employees a platform to present new product ideas. The strongest ideas are then placed into their product roadmap, along with ideas from their clients.
At their annual Encompass Experience event, Ellie Mae engages thousands of their clients through interactive user experience and design exercises, as well as sessions focused on sharing new ideas and gaining feedback from their clients.
In addition, to stay on the cutting edge of technology, Ellie Mae also holds weekly lunch-and-learn sessions presented by engineers, some of whom are from outside Ellie Mae, to expose staff to new technologies that could be used to innovate products faster with the highest levels of performance and scalability.
“The idea is to spark creativity and collaboration among our employees who design, build and support our products and services,” said Peter Hirsch, Ellie Mae executive vice president of technology and operations. “We want to build those new innovations and new ideas into our solutions, so our clients can reap the benefits and realize their goals even faster.”
