Origination Technology

Technology

Ellie Mae Teams With Pricing Engine Provider

By Anthony Garritano

COSTA MESA, CA - As originators struggle to keep up with pricing changes, loan origination systems look to provide a helping hand by integrating to more pricing engines to help their users automate this process. For example, PriceMyLoan here has integrated with Ellie Mae's Encompass360 Mortgage Management Solution.

Gigi Campbell, national sales director for PriceMyLoan, said, "Our integration creates value for mortgage bankers [and brokers] by providing a seamless process for originating, qualifying and pricing loans within a single platform."

Once a loan file has been created in Encompass360, the file's data can be transmitted directly to PriceMyLoan's engine. Using investor guidelines, pricing matrices and rate sheets, PriceMyLoan returns loan eligibility and pricing results back to the Encompass360 loan file within seconds and populated in that loan file when selected by the user.