- Construction Management Tool: The Construction Management Tool provides a central location within Encompass to originate construction loans and input key construction tracking information, making the construction lending process more efficient and consistent with the standard loan origination process.
- Blended and Separate KBYO Disclosures: Support for both methods of generating Construction-to-Permanent loan disclosures allowed by KBYO, a single blended disclosure, and two separate disclosures detailing Construction and Permanent loan terms, provides flexibility to lenders.
- Federal and State Compliance Reviews: Federal and state consumer protection compliance reviews for Construction-only and Construction-to-Permanent loans with either separate or blended disclosures through the Encompass Compliance Service™, powered by Mavent®.
- Closing Documents: Closing documents, including all 50-state eligible documents for both Construction-only and Construction-to-Permanent loans.
"Our construction loan production has increased 30 percent based on 2016 year-over-year volume. Leveraging Ellie Mae's technology enhancements to construction lending has improved our efficiency as we build on our past success in construction originations," said Susan Brown, SVP, Construction & Renovation Production Manager at Umpqua. "We anticipate this trend to continue and look forward to growing our business throughout 2017 and beyond."For more information about Encompass, visit: http://www.elliemae.com/encompass/encompass-overview 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 shorten 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. © 2017 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.