ELLIE MAE AND DIGITAL RISK ANNOUNCE PARTNERSHIP TO ENHANCE QUALITY CONTROL REVIEW PROCESS THROUGH ELLIE MAE’S ENCOMPASS

Partnership will replace manual tasks with automation for added quality, compliance and efficiency

 

PLEASANTON, Calif. – October 19, 2017 – Ellie Mae® (NYSE: ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today a partnership with Digital Risk, a leading risk, compliance, and technology services company that offers differentiated solutions to the mortgage, consumer lending, and other regulated industries, to enhance the quality control review process for Ellie Mae’s customers.

Through this partnership, Digital Risk is leveraging Ellie Mae’s Encompass® all-in-one mortgage management solution, Mavent Compliance Service™, and Data and Doc Delivery Service™ to enable seamless ordering, delivery and quality control of loans reviewed. Digital Risk, is the first non-lender to leverage the combination of these three technologies to ensure faster turn times and less friction with Encompass Lenders.

Digital Risk will license Encompass to perform their processes, and by utilizing the same underlying technology platform as their customers, efficiencies can be gained through the elimination of manual tasks performed by both the sender and receiver of loan information. Digital Risk has an exclusive view into the defects that cause GSE and investor repurchases and have served the nation’s GSE’s and financial institutions with due diligence, risk management and quality management solutions.

Ellie Mae’s Encompass is an all-in-one, fully integrated solution that covers the entire lifecycle and provides one system of record. It automates and simplifies the mortgage process, giving lenders the power to close high-quality, compliant loans more efficiently, no matter what the industry or regulators do next.

“Ellie Mae is a perfect partner for us to offer lenders a better experience and greater efficiency,” said Jeffrey Taylor, managing director of Digital Risk. “Together, we will take the friction out of the quality control review processes.”

“At Ellie Mae, our North Star is to automate everything automatable for the residential mortgage industry and we believe that a true digital mortgage must encompass the entire loan lifecycle,” said Parvesh Sahi, senior vice president of business development at Ellie Mae. “Through this new process, we will make it even easier for lenders to originate more loans, lower costs and reduce time to close while offering the highest levels of compliance, quality and efficiency.”

 

About Ellie Mae

Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit ‪EllieMae.com or call ‪(877) 355-4362 to learn more.

 

About Digital Risk, LLC

Digital Risk, LLC is a leading risk, compliance, and technology services company that offers differentiated solutions to the mortgage, consumer lending, and other regulated industries. The individual talents of Digital Risk’s thousands of analysts are amplified by the company’s proprietary technology and advanced analytics performed using the Making Mortgages Safe™ solutions suite.  Digital Risk, LLC is a wholly owned subsidiary of Mphasis Ltd, a Blackstone Company.  To learn more, visit www.DigitalRisk.com.

 

PRESS CONTACTS

Erica Harvill

Ellie Mae, Inc.

(925) 227-5913

Erica.harvill@elliemae.com

 

Alexandra Gardell Kreuter

Allison+Partners

(646) 428-0618

EllieMae@allisonpr.com

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