Multiple loan origination systems are ready for upcoming changes to Home Mortgage Disclosure Act reporting requirements. Meanwhile, an LOS has been designed for hard-money lenders.
The release of Encompass 17.4 announced on Oct. 16 by Ellie Mae Inc. provides users with updates for collection and reporting changes required under HMDA next year.
Other changes to Encompass include those for electronic enhancements and correspondent trade enhancements, according to Pleasanton, California-based Ellie, a Mortgage Daily advertiser.
Source: Mortgage Daily