Radian and Ellie Mae Partner to Offer Direct Interface to Order Radian Mortgage Insurance Using Ellie Mae’s Encompass360 Mortgage Management Solution
PHILADELPHIA--(BUSINESS WIRE)--Jun. 6, 2013--
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.com.
Source: Radian Group Inc. and Ellie Mae, Inc.
Radian
Emily Riley, 215-231-1035
emily.riley@radian.com
or
Ellie
Mae
Bill Campbell, 212-995-8057
bill@campbelllewis.com
