EllieMae has increased it’s integration with FNMA. Here’s some excerpts from the Press Release I received this morning:
Ellie Mae will expand its LenderConnect e-commerce solution for lenders by incorporating existing Fannie Mae technology to provide support for the transmission of loan data from Desktop Originator (DO®) to lenders.Using the enhanced LenderConnect platform, brokers will streamline the way their loans are sent to lenders. Mortgage originators using either their own loan origination system or Desktop Originator on the web through Fannie Mae can submit a complete loan file to the lender, including not just 1003 data, but also credit data and Desktop Underwriter findings.
“This technology integration with Fannie Mae unifies two heavily used mortgage industry e-commerce systems, LenderConnect and Desktop Originator, in a way that reduces the complexity and costs for lenders leveraging e-commerce with originators,” asserts Richard Roof, SVP of Strategic Partnerships at Ellie Mae. “We’re excited to collaborate with Fannie Mae to introduce an integrated solution to benefit lenders and originators using Desktop Originator.”
All in all, I think direct connectivity to DO is pretty cool. It’s one less step to take when submitting a loan.
