Native compliance: Whether or not a consumer completes the entire application, Consumer Connect leverages the business rules within Encompass to ensure lenders are alerted to any compliance obligations they may have, even with incomplete or abandoned applications.
More automation: Lenders will automatically receive applications in Encompass underwritten by Fannie Mae’s Desktop Underwriter or Freddie Mac’s Loan Product Advisor to help close loans in fewer days. Modern, responsive design: Homebuyers can easily access and navigate the lenders’ site and application from any desktop, laptop, tablet or smartphone, anytime and anywhere at their convenience.Įasy configuration and controls: Lenders can control and customize their site design, application flow, specific business process workflow and ensure consistency of their unique and specific brand.Įasy-to-complete applications: Lenders can automate and authenticate data collection through integrated services, such as pulling a credit report and online asset verification, which allow consumers to accurately complete loan applications in less time.Ī secure online borrower portal: Lenders save time by giving consumers a paperless way to collaborate with lenders by allowing them to drag and drop documents or images into the portal, upload photos from a phone, eSign documents and receive real-time updates.īuilt-in business intelligence: Lenders will gain insight into consumer engagement and keep consumers connected with immediate follow up. The integration with Ellie Mae’s Encompass allows information to flow into one single system of record and help lenders close loans faster, reduce the cost of origination and do so with complete compliance.Įncompass Consumer Connect also includes: The platform, coupled with Encompass CRM marketing automation and Velocify sales automation solutions, ensures that every application is met with a customized and personal experience. The product is completely customizable, branded and accessible from any mobile device. In order to meet these expectations, Ellie Mae developed Encompass Consumer Connect, which allows lenders to offer an engaging online consumer experience that’s transparent and compliant.Įncompass Consumer Connect goes beyond a mere online application. Today’s average homebuyer is three times more likely to find a lender online than they were five years ago, and 60% of homebuyers expect to apply for and complete their home loan application completely online.
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