AUSTIN, Texas– FirstClose, a provider of technology solutions for mortgage lenders nationwide, has announced an enhanced integration to deliver services through Ellie Mae’s Encompass digital mortgage solution.
“The seamless integration will allow lenders to order a wide variety of products and services from FirstClose preferred national vendors directly through Encompass to drive quality and efficiency in the loan origination process,” the company said. “Additionally, Encompass users will be able to seamlessly add and maintain their existing appraisers and title companies while experiencing the benefits of a full integration.”
According to FirstClose, services can be ordered at the touch of a button directly from Encompass, which eliminates duplicate key strokes when placing orders. When orders are returned, data points are sent back to Encompass, automatically populating critical fields such as the full legal description and vesting information from the title work, the appraised value from the valuation product selected, and more. Copies of the completed reports are automatically imaged into Encompass.
Key Benefits
FirstClose said key benefits of the enhanced integration include:
- Ordering services from Encompass without the need to visit multiple outside websites
- Reducing human error and duplicate data entry due to increased automation
- Automatic escalation of orders that mimic existing underwriting guidelines
- Returning reports and automatically imaging them into Encompass
- FirstClose national vendors choices at a reduced cost
- Maintaining current vendors while experiencing the benefits of a full integration
- Reducing processing and closing times
- Auto-Population of Key Data Elements into Encompass, including full legal descriptions, ownership vesting information and value of the property.
- Optimized Vendor Management Tools and Functionality, including turn-time reports, pending reports and increased communication.
“FirstClose is delighted to partner with Ellie Mae,” said Tedd Smith, chief executive officer of FirstClose. “Our secure, seamless integration with Encompass will enable our clients to simplify the process of ordering their services, so they can more efficiently process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae and even further enhancements to this integration.”