Ellie Mae announced an enhanced integration with RamQuest. The integration will enable rate and fee quoting, title and settlement ordering, and collaboration on Closing Disclosure Forms directly from Ellie Mae’s Encompass, all-in-one mortgage management solution.
The intent of the enhanced integration with RamQuest is to give Encompass a more streamlined workflow, including the ability to import rates and fees and revised title-related fees directly into the 2015 itemization form, seamlessly updating the Closing Disclosure, the companies said. Additionally, when the enhancements are released the integration will offer bi-directional communication allowing customers to exchange data and documents via a secure portal while residing in their systems of record.
“The regulatory changes impacting the industry have created a greater need for collaboration and greater efficiency between the lender and the settlement agents,” said Joe Tyrrell, executive vice president of corporate strategy for Ellie Mae, in a press release. “Through the expanded integration with RamQuest, Ellie Mae is streamlining the ordering and closing process for lenders and RamQuest’s respective settlement agents through direct system to system collaboration. We will continue to work with industry innovators to ensure that both of our customers have the best experience and easiest path to true collaboration.”
“We’re excited to enhance our integration with Ellie Mae to support our title and settlement agents’ diverse needs with the goal of expediting Loan Estimate and Closing Disclosure production,” RamQuest Chief Strategy Officer Brooks Yeager said. “This expanded integration will give our mutual customers the ability to set themselves apart in their respective markets by creating competitive advantage and ultimately opens doors to new opportunities.”