Ellie Mae today announced a strategic alliance with A la mode that aims to expedite the loan origination process by seamlessly merging the desktops of both loan officers and appraisers.
According to the agreement, Ellie Mae will provide direct integration from its three Loan Origination Systems (LOS) – Encompass, Genesis 2000 and Contour – into the actual desktop applications that appraisers use, by building a custom Ellie Mae plugin for a la mode’s XSite Order Manager product, and by building new custom facilities within Ellie Mae’s suite of LOS products.
Through this collaboration, Encompass, Genesis and Contour users will be able to place orders to their appraisers, right through their LOS, into the appraisal form-filling software that resides on their appraisers’ desktops. The order data will automatically populate the appraiser’s system, regardless of its brand, significantly reducing data-entry time, errors and other points of “friction” in the current manual process.
On-going status of the appraisal assignment will also be pushed back to Ellie Mae clients via a la mode’s XSites Network. As appraisals are completed, the documents will then be automatically transferred back from the appraiser’s XSite Order Manager into Encompass, Genesis and Contour.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
