September 7, 2005
Allied Home Mortgage to Leverage Ellie Mae's Encompass
"Top 25 Tech-Savvy Lender" finds great value in cutting-edge solution
DUBLIN, CA—September 7, 2005—Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, has announced that Allied Home Mortgage Capital Corporation, the largest privately held mortgage banker/broker in the United States, is adding Ellie Mae's Encompass Mortgage Automation System to its arsenal of selected loan origination tools.
"We pride ourselves in setting the pace for mortgage technology adoption," explains David Langston, Chief Information Officer at Allied Home Mortgage Capital Corporation. "When we see new, advanced technologies that significantly improve operational efficiency, we examine them closely. We consider it our duty to make our branch offices and our originators more productive, and Encompass helps us do just that."
Upon thorough review, Allied found that Encompass offered an effective solution to many prevalent industry issues, including decentralized communications, security risks and compliance concerns. "We have over 3,000 originators in our organization," says Langston. "With a dispersed user population such as ours, Encompass provides us the invaluable opportunity to centrally manage our users' custom documents, loan programs, and templates. Instead of these being stored and updated locally one at a time, we can manage everything centrally. This not only provides us much greater management control, but also ensures company-wide compliance." Langston adds that anyone who has a mortgage company with multiple branches or locations can surely relate to the difficulty of ensuring that everyone is using the most recent forms and current prices. "With a centralized database such as the one offered by Encompass, all branches can access the same data, the same forms, the same prices. It makes compliance easy."
Beyond the technology's capabilities, Allied found Ellie Mae to be highly responsive. "Ellie Mae has listened to our needs and has been very accommodating with our requests," Langston notes. "When we indicated we would like added functionality, they integrated it into their software. They are clearly focused on providing outstanding customer service and have a lot of talent in their organization."
The adoption of Encompass is one of many innovative ventures undertaken by Allied. For three consecutive years, Allied has been ranked among the nation's top 25 'Tech- Savvy Lenders' by Mortgage Technology magazine (August 2005). "Allied is helping raise the bar in the mortgage industry, and Ellie Mae is pleased to be part of its vision for the future," says Jonathan Corr, Senior Vice President of Products at Ellie Mae.
About Ellie Mae, Inc.
Ellie Mae, Inc. is an award-winning provider of software and services for the mortgage industry, which has been recognized in each of the past three years as one of the fastest growing companies in the California Bay Area, and most recently has been named to the Inc. 500 list of America's fastest growing private companies. Ellie Mae provides a comprehensive line of products and services including the company's flagship Encompass® mortgage management system, Contour™ and Genesis™ loan origination software, Executive Web Sites for mortgage brokers, and Ellie Mae Docs services for document processing. Ellie Mae's ePASS® Network is the mortgage industry's online transaction platform enabling 40,000+ mortgage companies in the United States to easily do business online with leading lenders and nearly 100,000 settlement service providers. Ellie Mae is based in Dublin, California. To learn more about Ellie Mae, visit www.elliemae.com or call (888) 955-9100.
About Allied Home Mortgage Capital Corporation
Founded in 1991, AHMCC is the largest privately held mortgage banker/broker in the U.S., with more than 600 offices in 50 states, and the U. S. Virgin Islands, offering a wide variety of mortgage products and services from over 800 lenders. To learn more about Allied Home Mortgage Capital Corporation, visit www.mortgageasap.com or call (800) 520-0057.
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Ellie Mae, Encompass, ePASS, and Genesis 2000 are registered trademarks, and Contour, Executive Websites, and Ellie Mae Docs are trademarks, of Ellie Mae, Inc. All rights reserved.
Media Contacts:
| Rosalie Berg Strategic Vantage for Ellie Mae (305) 971-5352 RosalieBerg@StrategicVantage.com |
© 2005. GKM Management LLC. All Rights Reserved.
