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Mortgage Loan Processor Ellie Mae Goes Digital With New Platform

Donna Fuscaldo

With the internet becoming an important part of the home shopping and mortgage application process, Ellie Mae is going all digital with a new platform that will enable borrowers to apply for a mortgage and get approval online. In a press release, Ellie Mae, the platform provider for the mortgage finance industry, said that homebuyers are more than three times more likely to find their lender online than five years ago and that more than 60% of homebuyers in the U.S. expect to apply for and complete their home loan application on the internet. As a result of that growing trend toward digital mortgages, Ellie Mae announced the launch of Encompass Consumer Connect.