Home / Headlines / CoreLogic Integrates Ellie Mae Encompass Solution
Print This Post Print This Post

CoreLogic Integrates Ellie Mae Encompass Solution

California-based CoreLogic, a global property information, analytics, and data-enabled solutions provider, today announced the integration of its OnSite property condition reports on the Ellie Mae Encompass® all-in-one mortgage management solution. OnSite is a property condition report coupled with local market conditions and patent-pending features that are specifically designed to help institutions meet the federal requirements when an automated valuation model (AVM) is used for mortgage lending purposes.

“Organizations are always looking for ways to improve efficiencies during the valuations process, particularly during the home equity lending process,” said Jonathan Nutting, Senior Leader, Valuation Operations at CoreLogic. “As the first integration of its kind on Encompass, users will now be able to easily incorporate this solution into their existing workflows, saving them time and money in instances where an appraisal is not necessary.”

OnSite is designed to help lenders comply with federal guidelines surrounding the verification of the physical condition of a property. In some home equity lending situations, OnSite can be leveraged with an AVM in lieu of an appraisal. All Onsite reports use a patent-pending algorithm to create an objective overall condition rating that supports the lender’s valuations processes. This integration also allows users to access OnSite Plus–a property condition report for situations where a licensed real estate broker or agent is required to gain access to a property, or when a local expert is needed.

OnSite joins 15 other CoreLogic products currently integrated in the Encompass platform, including CondoSafe™ condo lending solutions, Instant Merge® - the nation’s most popular 3-bureau merged credit reporting solution, flood determinations, Property Tax Estimator, LoanSafe Fraud Manager™, LoanSafe Risk Manager™, appraisal management services via Mercury Network®, Merge Plus credit supplements, 4506-T Direct™, FinalCheck LQI Compliance, automated valuation models, SSN Verification and several services within the Ellie Mae Total Quality Loan™.

About Author: Donna Joseph

Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at donna.joseph@thefivestar.com.
x

Check Also

Bank of America Invests $3M Toward Detroit Housing

Detroit has faced increased demand for affordable housing alongside a large number of vacant homes, but a fund from Bank of America hopes to change that.

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.