Ellie Mae to power loan data and documents delivery for Pacific Union
Ellie Mae and Pacific Union Financial team up
Mortgage finance platform provider Ellie Mae has teamed up with government lender Pacific Union Financial, reports Julie Muhn at Finovate.
Under the agreement, Pacific Union will leverage Ellie Mae’s Encompass mortgage management solution. Customers of both organisations will be able to deliver loan data and documents from Encompass to Pacific Union “more efficiently and in real time”, the two companies say. Specifically, joint customers will no longer need to download and upload loan data in multiple locations. “At Ellie Mae, our mission is to provide our lenders and partners with a true digital mortgage, which encompasses everything from consumer interest through loan delivery,” says Parvesh Sahi, SVP at Ellie Mae.
“Through our partnership with Ellie Mae, we will improve our efficiency by offering a secure, seamless data and document delivery workflow from its system of record,” adds Warren Little, CTO at Pacific Union.
Ellie Mae says its flagship Encompass Mortgage Solution helps lenders originate more loans with lower origination costs and a faster time to close. Encompass leverages the company’s network of more than 230,000 users, thousands of service providers, and millions of transactions every month.
Founded in 1997, Ellie Mae is headquartered in California, US. Jonathan Corr is president and CEO.
