The Money Source taps Ellie Mae to technology match lending

The Money Source is a latest debt association partnering with Ellie Mae to streamline workflows between lenders and match investors by Encompass Investor Connect.

The formation of Ellie’s record with The Money Source’s exclusive lending platform, KISS, will yield match lenders digital smoothness and acceptance capabilities for loan information and documents.

Ellie formerly announced Investor Connect integrations with Caliber Home Loans, Flagstar Bank, Pacific Union Financial and Wells Fargo, when it launched a program behind in May.

The system-to-system formation means lenders can equivocate downloading loan files, saving them and afterwards uploading them to their systems by permitting papers and information to be supposed with a click of a button. The pierce also reduces risk and improves information confidence by Investor Connect’s request approval and data-extraction technologies, according to TMS.

By automating normal loan package delivery, a program helps speed adult processes, eventually improving a borrower experience.

“We’re vehement to be one of a initial match investors to work with Ellie Mae to hurl out this new turn of automation to a lenders,” pronounced TMS President Ali Vafai. “As a initial inciter in a fintech space, we’re always looking for pivotal partnerships that can make a debt routine easier for a lenders, clients and borrowers.”

Investor Connect builds on Ellie Mae efforts to urge information firmness and potency between lenders and investors by a formerly launched Total Quality Loan program, that is being used by several match lenders.

“Ellie Mae continues to automate all from fad by squeeze to assistance originators and purchasers grasp a loyal digital mortgage,” Parvesh Sahi, Ellie Mae’s comparison clamp boss of business development, pronounced in a press release.

“Adding TMS to Investor Connect will assistance both lenders and purchasers revoke costs and expostulate efficiencies. This eventually advantages all voters involved, including borrowers, lenders and purchasers, who make loans with a Encompass Lending Platform,” he continued.

Article source: http://www.nationalmortgagenews.com/news/the-money-source-taps-ellie-mae-to-digitize-correspondent-lending

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