|By Business Wire||
|February 7, 2014 11:00 AM EST||
Kroll Factual Data, Inc. (“Kroll Factual Data”), a leading provider of risk mitigation and independent verification services to mortgage lenders, banks, credit unions and property management firms, announced today the addition of several Kroll Factual Data product integrations into Ellie Mae’s Encompass® mortgage management solution. Kroll Factual Data’s suite of Third-Party Verifications will be available beginning February 6, 2014 with a suite of Risk Mitigation Services available later this year. Other Kroll Factual Data services currently integrated with Encompass include Bureau Express Credit Reports, Flood Determination Reports, and Loan Review Report, a product specifically designed to help clients comply with Fannie Mae’s Loan Quality Initiative (LQI).
Kroll Factual Data Third-Party Verification services include Verification of Employment (VOE), Verification of Deposit (VOD), Tax Return Verifications (TRV), and Social Security number verifications (SSID).
“The addition of our Third-Party Verification and Risk Mitigation Services into Encompass will streamline our mutual customers’ access to the information used to make verification determinations,” said Damon Littlejohn, Director Channels and Alliances at Kroll Factual Data.
“Independent verification of borrower data and mitigating risk are vital cogs of a high-quality, compliant mortgage,” said Joe Tyrrell, senior vice president of client management and business development at Ellie Mae. “We’re pleased to be able to strengthen Kroll Factual Data’s integration in Encompass and offer our mutual clients an efficient way to access these new services.”
About Kroll Factual Data
Kroll Factual Data is a trusted provider of independent verification services to mortgage lenders, banks, credit unions and property management firms. For more than 25 years, Kroll Factual Data has helped clients confidently make prompt, accurate decisions that mitigate risk, enhance safety and soundness, and increase profitability. By aggregating and analyzing information, Kroll Factual Data helps its customers protect its financial assets and make informed decisions.
For more information, visit www.krollfactualdata.com.
About Ellie Mae
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 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.
© 2014 Ellie Mae, Inc. Ellie Mae®, Encompass®, DataTrac®, Ellie Mae Network™ and the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.