Ellie Mae Announces New Data Delivery Method, Encompass Data Connect Now Includes a Hosted Delivery Choice
PLEASANTON, Calif., June 3, 2020 /PRNewswire/ -- Ellie Mae®, the leading cloud-based loan origination platform provider for the mortgage industry, today announced the general availability of Encompass Data Connect™ in a hosted delivery as another option for lenders to gain access to their data.
Lenders can now choose between two data delivery methods:
- Hosted: Analyze Encompass® data by connecting a Business Intelligence (BI) application directly to Data Connect without having to replicate the data to a local data warehouse.
- Replication: Replicate the Encompass data into a lender's data warehouse and to downstream applications for increased flexibility and analysis capabilities.
"Data is a lender's best friend. It allows for a better understanding of customers and members and the industry at large and provides key insights that lead to business innovation and a significant competitive advantage," said Joe Tyrrell, chief operating officer, Ellie Mae. "However, many lenders today struggle with extracting, storing and maintaining the currency of their data, which leads to high data maintenance and development costs, despite limited data visibility and availability. Data Connect in a hosted delivery model solves these problems."
Hosted delivery provides all of the existing benefits of the Data Connect replication solution and much more, including:
- Access to Encompass loan data fields in near real-time without impacting Encompass performance, offering access to the available data when you need it
- Pre-built reports and dashboards in third-party BI applications to reduce development costs
- Three years of historical data right out of the box to allow year-over-year analysis
- Automatic database schema updates synced with changes in Encompass
- Maximized existing business intelligence tools using structured data provided by Encompass Data Connect hosted
"Data Connect in a hosted delivery model leads to cost savings and an abundance of data-driven insights that can increase the efficiency, agility, and profitability of lenders' businesses," said Tyrrell.
"Without Data Connect to feed data to our operations and capital markets teammates, we wouldn't have been able to navigate the volume and volatile markets in March, April and May," said Michele Buschman, vice president of information services, American Pacific Mortgage. "Without having access to that data, it could kill a lender's business, so having it at our fingertips is a huge win for us."
About Ellie Mae
Ellie Mae 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.
© 2020 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, Velocify®, Capsilon®, 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.
SOURCE Ellie Mae
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