FOR IMMEDIATE RELEASE
LOANSIFTER INTEGRATES ITS PRODUCT AND PRICING ENGINE INTO ELLIE MAE’S ENCOMPASS
MORTGAGE MANAGEMENT SYSTEM
Integration is in direct response to LoanSifter’s customer demand for
easy, single-click access from within the Encompass Banker Edition solution
PLEASANTON, CA and APPLETON,
WI—July 28, 2009—Ellie Mae, an
award-winning software and service provider offering comprehensive business
solutions for mortgage bankers, brokers and other mortgage originators,
announces that LoanSifter, a provider of web-based product and pricing tools,
has integrated its namesake product and pricing engine (PPE) into the Encompass®
Mortgage Management Solution’s Banker Edition. This integration is in direct
response to LoanSifter’s customer demand for easy, streamlined access to the
PPE from within the Encompass Banker Edition solution.
“In this
market, originators are always looking for ways to secure more and better
transactions. They understand that this single-click access translates to
higher accuracy and immediate answers—two factors that can make the
difference in converting a prospect to a customer, particularly when giving
answers to a live customer on the phone or in your office,” says Bruce Backer,
president of LoanSifter.
With this integration,
Encompass Banker Edition users can now not only automatically transfer data
from the borrower’s application directly into the LoanSifter system, but also
instantaneously access up-to-the-minute pricing, product and guideline
information. The all new one-click
access from within Encompass Banker allows users to see the most pertinent
product and pricing information for a particular set of parameters, in
LoanSifter’s easy to understand, straightforward format, without having to
toggle between screens. “LoanSifter’s streamlined, easy-to-read format means
that users don’t have to waste time searching through unnecessary numbers and
suggestions to get the information they need,” explains Backer.
In addition to
providing product and pricing information for secondary managers and lock desk
staff, LoanSifter also helps promote profitability for loan officers by
offering business-enhancing capabilities designed specifically for use in the
prospecting and marketing stages of the business cycle. The system’s auto-pricing
functions can be used with customer-facing web portals such as Zillow and
LendingTree giving companies a “virtual loan officer” to generate leads, and
the system also incorporates a monitoring function that constantly searches for
triggered target rates to present to existing customers whose applications are
already in progress. LoanSifter’s product and pricing information can also be
easily transferred into templates to create customized marketing documents. All
LoanSifter pricing decisions return "buy" and "sell" side
pricing that appropriately incorporates SRPs (the premiums paid to banks when
they sell the loan on the secondary market), margins, and other incentives in
addition to the accurate, branch-specific, risk-based pricing.
“This integration
has been widely anticipated by our customers, and we couldn’t be more pleased
to provide them with the solutions they’re seeking,” adds Backer. “Ellie Mae is
clearly a leader in the mortgage space, and we at LoanSifter are looking
forward to the mutually beneficial opportunities that this integration will
avail.”
“At Ellie Mae,
the benefits of configurability underscore much of the way we service our
customers,” says Jonathan Corr, chief strategy officer for Ellie Mae. “The
integration between Encompass Banker Edition and LoanSifter gives our users one
more way to tailor
their business
processes. We understand that the need to support complex business processes
drives not only the technology choices a company makes, but also the providers
a company chooses to use. We’re pleased to work with LoanSifter, and further
expand the options available to Encompass Banker users.”
About Ellie Mae
Ellie Mae is an
award-winning provider of software and services for the mortgage industry,
offering comprehensive business solutions for mortgage bankers, mortgage brokers
and lenders. The company's key offerings include the flagship Encompass®
Mortgage Management Solution, Encompass CenterWise™ and Encompass Closer.
More than 120,000 mortgage professionals use the Encompass Mortgage Management
Solution. A recipient of the prestigious Inman Award
as the most innovative company in the mortgage industry and acknowledged as a
Top 50 service provider by Mortgage Technology for two years in a row, Ellie Mae is recognized for developing
technology that links the many parties critical to the
mortgage origination industry through its patented ePASS® technology.
One quarter of the nation's more than $2 trillion in new mortgages originated
every year pass through Ellie Mae’s ePASS technology, enabling mortgage
companies to easily and securely conduct electronic business transactions with dozens of leading
lenders and more than 2,000 settlement service providers. Ellie Mae is also the
parent of Online Documents, the industry’s leading provider of flexible,
compliant electronic mortgage documents and related services for the mortgage
industry. Ellie Mae was founded in 1998 and is based in Pleasanton, California.
To learn more about Ellie Mae, visit www.EllieMae.com
or call 877.355.4362.
About
LoanSifter, Inc.
LoanSifter is
the banking industry's most comprehensive mortgage solution for pricing,
marketing and secondary. LoanSifter 3.0 is an accurate, web-based pricing
solution focused on providing banks, credit unions and brokers with advanced
tools to improve their service level and increase their profits. With over 120
correspondent and wholesale lenders, LoanSifter boasts the most comprehensive
investor database in the industry. LoanSifter is also the leader in delivering
point-of-sale and marketing tools to loan officers, offering highly
customizable website utilities (automated consumer-facing pricing search),
automated email campaigns, custom automated quoting for Zillow and LendingTree,
scenario-specific rate monitoring alerts, and other automated, customizable
marketing materials, such as open house flyers.
For more
information about LoanSifter, call 920.268.4770 or visit www.LoanSifter.com.
© 2009
Ellie Mae, Inc. All rights reserved. Ellie Mae, Encompass, and ePASS (patent
No. 7,444,302) are registered trademarks and Encompass CenterWise and Encompass
Closer are trademarks of Ellie Mae, Inc. in the United States.
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