SoftPro Partners With Ellie Mae to Streamline Residential Mortgages

December 15, 2016

SoftPro and Ellie Mae announced the integration of software systems that will bring together thousands of mortgage lenders, brokers, and title and escrow companies in an effort to make the residential mortgage process more efficient.

This strategic collaboration will allow joint users of SoftPro and Ellie Mae’s Encompass to be linked via the SoftPro 360 business exchange platform.

“This joint endeavor provides national exposure to the title and escrow professionals using SoftPro by linking them with mortgage lenders using Ellie Mae’s Encompass,” said Patrick Hempen, SoftPro’s senior vice president of sales and marketing. “Through our mutual collaboration, we can use technology as a means of boosting efficiency and meeting the demand for increased consumer confidence in the residential mortgage process.”

Ellie Mae’s Encompass mortgage management solution enables banks, credit unions and mortgage lenders to create and fund mortgages and improve compliance, loan quality and efficiency. Encompass is licensed by almost 200,000 users and thousands of banks and mortgage lenders, including seven of the top 25 largest U.S. mortgage lenders.

Mortgage lenders using Ellie Mae’s Encompass software for loan origination will be able to send orders to SoftPro customers electronically via SoftPro 360, which is free to all SoftPro users. Title and escrow companies that use SoftPro software will then send the completed documents to Encompass electronically creating an efficient means of delivering residential mortgages to consumers.

“The regulatory changes impacting the industry have created a greater need for collaboration and greater efficiency between the lender and title and escrow professionals,” said Joe Tyrrell, executive vice president of corporate strategy for Ellie Mae. “Through the partnership with SoftPro, Ellie Mae is streamlining the ordering and closing process through direct system to system collaboration. We will continue to work with industry innovators to ensure that both of our customers have the best experience and easiest path to true collaboration.”

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