Radian & Ellie Mae Partner to Offer Direct Interface to Order Radian Mortgage Insurance Using Ellie Mae’s Encompass360 Mort...
06 Juin 2013 - 2:00PM
Business Wire
Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of
Radian Group Inc., today announced a direct integration with Ellie
Mae’s Encompass360®, an end-to-end mortgage management solution
that serves as the core operating system for more than 80,000
mortgage originators.
“We are pleased to expand our partnership with Ellie Mae® by
offering Radian MI directly through their Encompass360 platform,”
said Brien McMahon, chief franchise officer at Radian. “Many of our
current and prospective lenders are using Encompass360 as their
loan origination system, so this integration should simplify their
process and save them valuable time and money.”
As a part of this integration, mortgage lenders utilizing
Encompass360 as their loan origination system can now order Radian
MI directly as a part of one fluid ordering process. This is an
enhancement to the existing partnership between Ellie Mae and
Radian, since customers have been able to get an MI rate quote from
Radian for the past three years.
“Through our Encompass360 solution, Ellie Mae has made it
possible for mortgage lenders to efficiently originate and manage
quality and compliant loans,” said Richard Roof, senior vice
president of business development at Ellie Mae. “And with Radian MI
now available inside Encompass360, we’re pleased to provide our
joint clients with another efficient and cost-effective way to
electronically order mortgage insurance.”
“We have used Encompass360 since January 2009 for loan
origination and have partnered with Radian for more than 10 years,
so this is a win-win for us,” stated Rob Sampson, chief operating
officer at Guaranteed Rate. “By having Radian MI available as a
part of the loan origination process, our loan officers can now
more quickly and efficiently close a file.”
Ellie Mae, Inc. (NYSE: ELLI) is a leading provider of on-demand
automation solutions for the mortgage industry. The Company
offers an end-to-end solution, delivered using a
Software-as-a-Service model that serves as the core operating
system for mortgage originators and spans customer relationship
management, loan origination and business management. The
Company also hosts the Ellie Mae Network™ that allows Encompass®
users to electronically conduct business transactions with the
lenders and settlement service providers they work with to process
and fund loans. The Company’s offerings include the Encompass,
Encompass360® and DataTrac® mortgage management software
systems.
Ellie Mae was founded in 1997 and is based in Pleasanton,
California. To learn more about Ellie Mae, visit
www.EllieMae.com or call 877.355.4362.
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia,
provides private mortgage insurance and related risk mitigation
products and services to mortgage lenders nationwide through its
principal operating subsidiary, Radian Guaranty Inc. These services
help promote and preserve homeownership opportunities for
homebuyers, while protecting lenders from default-related losses on
residential first mortgages and facilitating the sale of
low-downpayment mortgages in the secondary market. Additional
information may be found at www.radian.biz.
RadianEmily Riley, 215-231-1035emily.riley@radian.bizorEllie
MaeBill Campbell, 212-995-8057bill@campbelllewis.com
Radian (NYSE:RDN)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024
Radian (NYSE:RDN)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024