Ellie Mae has launched a new version of its Encompass mortgage management product, which features expanded support for construction loans and streamlined integrations with Fannie Mae and Freddie Mac among other developments. “With this new release of Encompass we’re providing innovative capabilities that enable our banks, credit unions and mortgage lenders to originate and fund mortgages with improved compliance, loan quality and efficiency,” Ellie Mae CEO and President Jonathan Corr said in a news release Monday. Perhaps the biggest change to Encompass is the increased support for construction-only and construction-to-permanent loans.
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