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Ellie Mae has developed a new document preparation technology designed to be more streamlined and integrated than its current doc prep engine.
The biggest difference between Ellie Mae Docs and the new Encompass Docs is that the technology generates mortgage documents straight from data stored in Ellie Mae's Encompass loan origination system, eliminating the extra stepped of exporting the data from the LOS to generate initial disclosures and closing documents, explained Jonas Moe, Ellie Mae vice president of product strategy, in an interview with Origination News affiliate Mortgage Technology.
"With the new engine, it's a unification" of Ellie Mae's doc prep software and loan origination system, Moe said, adding...