Ellie Mae Announces Enhanced Integrations With Arch MI, MGIC and Radian for Streamlined Mortgage Insurance Ordering Process

Business Wire

New capabilities through TQL program will improve process, automation and access to data and alerts for Encompass customers

PLEASANTON, Calif.--(BUSINESS WIRE)-- Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today it will offer enhanced integrations with Arch MI, MGIC and Radian for a more streamlined mortgage insurance ordering process. The integrations through Ellie Mae’s Total Quality Loan® (TQL®) program will give Encompass customers process improvements, automated ordering, and access to data and alerts.

These new enhancements will be available in late 2017 and will include:

The ability for users to process multiple rate quotes simultaneously
Automated ordering for rate quote or MI certificate
The ability to monitor key data changes and alert Encompass users when to re-order a rate quote or MI certificate

Ellie Mae’s TQL MI workflow improves operational efficiencies by allowing automated ordering and reduces manual steps needed such as re-authentication. Customers can reduce risk by monitoring material data changes in the loan file, and are provided a single source of record by maintaining all transactions and communication inside of Encompass. Additionally, the process helps to ensure that the information is accurate, organized and securely transmitted. In 2016, Ellie Mae announced new TQL service ordering options through relationships with First American Mortgage Solutions and DataVerify, and an integration with CoreLogic.

Ellie Mae’s Encompass solution enables banks, credit unions and mortgage lenders to create and fund mortgages in one system of record for compliance review, quality assurance and improved efficiency at every loan stage. As part of Encompass, the TQL program leverages secure, single sign-on and necessary, best-of-breed services to automate processes, and applies quality checks throughout the mortgage lifecycle to reduce resource costs and operational friction, resulting in more profitable loans with fewer suspense conditions.

“At Ellie Mae, our mission is to continue to provide our lenders with innovative solutions that address their market needs,” said Joe Tyrrell, executive vice president at Ellie Mae. “Seamless access to mortgage insurance product solutions will become even more critical to the mortgage origination process. Through these enhanced integrations, we will make it even easier for our customers to close loans faster, while helping to ensure the highest levels of compliance, quality and efficiency.”

“As a trusted MI partner of Ellie Mae, Arch MI appreciates the opportunity to participate in its TQL enhancement,” said David Gansberg, President and CEO of Arch MI. “Through our integration with TQL, Encompass users who insure loans with Arch MI will experience a faster, easier process in ordering MI and getting Arch MI RateStar^® quotes. TQL exemplifies the industry’s drive to greater efficiency and Arch MI fully supports that goal.”

“At Radian, we are committed to making it easier for our customers to do business with us and are delighted to offer these enhancements for Ellie Mae Encompass customers,” said Teresa Bryce Bazemore, president, Radian Guaranty Inc. “We believe that by streamlining the delivery of mortgage insurance through Ellie Mae’s TQL we’ll offer a better experience by enabling a more automated and efficient loan production process.”

“Today, Ellie Mae’s Encompass allows customers to get accurate MGIC rate quotes, order MI and submit loan documents securely without ever leaving a single system,” said Sal Miosi, EVP, business strategy and operations, MGIC. “These enhancements automate more of the MI process, adding value for customers and ensuring a secure, streamlined experience.”

About Ellie Mae:

Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass^® all-in-one mortgage management solution, Mavent Compliance Service and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit EllieMae.com or call 877.355.4362 to learn more.

About Arch MI:

Arch Capital Group Ltd.’s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Greensboro, North Carolina with significant operations in Walnut Creek, California, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Arch MI is a marketing term for Arch Mortgage Insurance Company, United Guaranty Residential Insurance Company, and United Guaranty Mortgage Indemnity Company. For more information, please visit archmi.com.

About MGIC:

MGIC (www.mgic.com), the principal subsidiary of MGIC Investment Corporation, this year celebrates 60 years of serving the mortgage finance industry. As the founder of modern private mortgage insurance, MGIC is committed to providing products and services that make originating affordable low-down-payment mortgages safer for the financial institutions served. Fulfilling this vital role helps families achieve homeownership sooner. At January 31, 2017, MGIC had $182.8 billion of primary insurance in force covering approximately 1 million mortgages. From time to time MGIC Investment Corporation releases important information via postings on its corporate website, including corrections of previous disclosures, without making any other disclosure and intends to continue to do so in the future. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information can be found at http://mtg.mgic.com under Investor Information.

© 2017 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.