Interthinx Integrates Its Compliance Solution Into the Ellie Mae Network

""Interthinx"":http://www.interthinx.com/, an Agoura Hills, California-based provider of risk mitigation and regulatory compliance tools for the[IMAGE]

financial services industry, announced Tuesday that it has formed a working relationship with ""Ellie Mae"":http://www.elliemae.com/default.asp that includes the integration of the Interthinx PredProtect Compliance Suite into the Ellie Mae Network.

""The integration provides lenders with the ability to verify that their loans are in compliance with hundreds of federal and state anti-predatory lending requirements, including the new HOEPA Section 35, and Truth-In-Lending Act, and Mortgage Disclosure Improvement Act tolerances,"" said Roger Fendelman, VP of compliance for Interthinx.

Pleasanton, California-based Ellie Mae provides enterprise mortgage origination technology solutions - including the company's Encompass and Encompass360 software - to mortgage bankers, mortgage brokers, community banks,

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credit unions, and other mortgage lenders. And the Ellie Mae Network connects mortgage professionals to the lenders and settlement service providers with whom they work to process and fund loans. By using this network, Ellie Mae said users can help minimize redundant work, reduce costly errors, close loans faster, and provide secure data transmission for sensitive consumer information in compliance with Gramm-Leach-Bliley safeguards.

Via the Ellie Mae Network, Encompass360 users can now benefit from comprehensive compliance reviews that feature clear, simple worksheets with Interthinx-exclusive Points & Fees Drilldowns, Fendelman said. In addition, he said the instant regulatory compliance reviews, which require no manual keying-in of data, reduce origination costs by streamlining production processes and eliminating mistakes.

""We're very enthusiastic about teaming with Ellie Mae and providing lenders the ability to keep pace with the surge of new laws and increased enforcement by both regulators and investors,"" said Mike Zwerner, SVP of Interthinx. ""Delivering the PredProtect Compliance Suite via the Ellie Mae Network requires no mapping, no programming, and no additional integration costs for Encompass360 users.""

Zwerner said this ""plug and play"" type of integration means underwriters can spend more time ensuring compliance and closing loans and less time making data entry mistakes and placing last-minute calls to the compliance officer.