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® (NYSE: ELLI), a leading provider of enterprise-level, on-demand automated solutions for the residential mortgage industry, today announced that New American Funding, Tustin, Calif., has selected Encompass360
® as its mortgage management solution.
New American Funding is a retail and wholesale mortgage lender operating in 22 states and funding approximately $400 million a month in loans. It became an approved servicer for both Fannie Mae and Freddie Mac in 2012 and is currently servicing a portfolio of approximately $2 billion.