Kroll Factual Data, Inc. ("Kroll Factual Data"), a leading provider of
independent verification services to mortgage lenders, banks, credit
unions and property management firms, and Ellie Mae, Inc., a leading
provider of enterprise-level, on-demand automated solutions for the
residential mortgage industry, announced today the addition of several
Kroll Factual Data product integrations into Encompass360®,
Ellie Mae's end-to-end residential mortgage management software
solution. Kroll Factual Data's Loan
Review Report (LRR), a product specifically designed to help clients
comply with Fannie
Mae's Loan Quality Initiative (LQI), became available February 7.
Future Kroll Factual Data releases, all planned for the first half of
2013, will include Third Party Verifications and Risk Mitigation
services. Kroll Factual Data Bureau Express Credit Reports and Flood
Determination Reports are already integrated with Encompass360.
A primary focus of Fannie Mae's LQI is to stem the influx of repurchase
demands by capturing critical loan data earlier in the lending process
and validating it before, during and immediately after loan delivery.
Kroll Factual Data's Loan Review Report is designed to simplify the
process of identifying undisclosed liabilities, helping lenders comply
with the guidelines established in the LQI and mitigate the risk of
buy-back requests. As an independent verification tool, Loan Review
Report is an efficient and cost-effective solution that includes a
credit report, updated tradeline balances and a Mortgage Electronic
Registration System (MERS) search.
"Wha is important to Kroll Factual Data is providing valuable solutions
to the industries we support. Partnering with Ellie Mae and integrating
our services like the Loan Review Report within Encompass360 will be
very beneficial to our mutual customers, and we are very proud of this
partnership," said Damon Littlejohn, Director Channels and Alliances at
Kroll Factual Data. "With the heightened
scrutiny from investors on the completeness and accuracy of
information underlying loan decisions, having Loan Review Report
available within Encompass360 is especially timely for lenders concerned
with mitigating this risk."
Focused on the residential mortgage industry, Ellie Mae is a leading
provider of enterprise-level, on-demand automated solutions. "Kroll
Factual Data's customer-centric approach fits nicely with our commitment
to delivering the best technology and services to automate and
streamline the mortgage lending process," said Richard Roof, senior vice
president of business development at Ellie Mae. "Integrating additional
Kroll Factual Data loan quality solutions to Encompass360 will be a
great benefit to the more than 73,000 mortgage professionals at the
thousands of banks, mortgage companies and credit unions that utilize
Ellie Mae technology."
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. Kroll Factual
Data is part of the Altegrity family of businesses. 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, 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.
© 2013 Kroll. All Rights Reserved. Kroll is an Altegrity Company.
Certain Altegrity companies provide investigative services. State
licensing information can be found at www.altegrity.com/compliance.
© 2013 Ellie Mae, Inc. Ellie Mae®, Encompass®,
Encompass360®, 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.
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