Radian and Ellie Mae Partner to Offer Direct Interface to Order Radian Mortgage Insurance Using Ellie Mae's Encompass360 Mortgage Management Solution
PHILADELPHIA--(BUSINESS WIRE)-- Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc., today announced a direct integration with Ellie Mae's Encompass360®, an end-to-end mortgage management solution that serves as the core operating system for more than 80,000 mortgage originators.
"We are pleased to expand our partnership with Ellie Mae® by offering Radian MI directly through their Encompass360 platform," said Brien McMahon, chief franchise officer at Radian. "Many of our current and prospective lenders are using Encompass360 as their loan origination system, so this integration should simplify their process and save them valuable time and money."
As a part of this integration, mortgage lenders utilizing Encompass360 as their loan origination system can now order Radian MI directly as a part of one fluid ordering process. This is an enhancement to the existing partnership between Ellie Mae and Radian, since customers have been able to get an MI rate quote from Radian for the past three years.
"Through our Encompass360 solution, Ellie Mae has made it possible for mortgage lenders to efficiently originate and manage quality and compliant loans," said Richard Roof, senior vice president of business development at Ellie Mae. "And with Radian MI now available inside Encompass360, we're pleased to provide our joint clients with another efficient and cost-effective way to electronically order mortgage insurance."
"We have used Encompass360 since January 2009 for loan origination and have partnered with Radian for more than 10 years, so this is a win-win for us," stated Rob Sampson, chief operating officer at Guaranteed Rate. "By having Radian MI available as a part of the loan origination process, our loan officers can now more quickly and efficiently close a file."
Ellie Mae, Inc. (NYS: ELLI) is a leading provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a Software-as-a-Service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management. The Company also hosts the Ellie Mae Network™ that allows Encompass® users to electronically conduct business transactions with the lenders and settlement service providers they work with to process and fund loans. The Company's offerings include the Encompass, Encompass360® and DataTrac® mortgage management software systems.
Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362.
Radian Group Inc. (NYS: RDN) , headquartered in Philadelphia, provides private mortgage insurance and related risk mitigation products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-downpayment mortgages in the secondary market. Additional information may be found at www.radian.biz.
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