Developers of a technology platform that enables consumers to complete the steps in the home loan process without an originator are reporting that the platform has cut its clients’ turn times by three days.
In July, Ellie Mae Inc. revealed Encompass Consumer Connect. The service enables visitors to a lender’s website to research rates and loan options, securely upload documents from any device and receive real-time status updates.
At the time, the Pleasanton, California-based mortgage technology service provider said the offering gives lenders complete control and customization over their brand and workflow.
Source: Mortgage Daily