HOUSTON (Oct. 13, 2005) - Ellie Mae Inc., a provider of innovative software and services for the mortgage industry, has partnered with Stewart Mortgage Information (SMI) as a provider for flood determinations within its ePASS® Network online transaction platform.
ePASS gives loan originators immediate access to Stewart flood information, directly from the loan file - eliminating rekeying of data and returning a flood report back to a user's desktop within 60 seconds. Once downloaded, the flood report is always accessible within the loan origination system.
"We are pleased that Ellie Mae is confident in our ability to fulfill flood determination requests for customers within its ePASS Network," said Tara Williams, SMI senior vice president. "With more than 40,000 mortgage lenders using this service, this integration will make Stewart more widely available to the U.S. lender community."
Through the partnership Ellie Mae has included SMI as a flood provider through all of their loan origination systems including Encompass®, Genesis 2000® and Contour™ systems. The new arrangement allows direct integration from Ellie Mae systems into Stewart Flood Determination Services.
"This integration between ePASS and Stewart allows our mutual customers to easily choose Stewart as a flood determination provider, eliminating duplicate data entry, and allowing users to receive and access flood reports immediately," said Richard Roof, senior vice president, Ellie Mae. "In addition, accessing Stewart flood certs through ePASS allows lenders to maintain an electronic binder or copy of the transaction."
SMI produces the highest-resolution flood hazard analysis in the industry. Its digital database contains the flood zone status of more than 150 million properties in the United States, Puerto Rico and the Virgin Islands. Most flood determination orders are processed and returned to customers within 60 seconds of a request.
About Ellie Mae, Inc.
Ellie Mae, Inc. is an award-winning provider of software and services for the mortgage industry, which has been recognized in each of the past three years as one of the fastest growing companies in the California Bay Area, and most recently has been named to the Inc. 500 list of America's fastest growing private companies. Ellie Mae provides a comprehensive line of products and services including the company's flagship Encompass® mortgage management system, Contour(tm) and Genesis(tm) loan origination software, Executive Web Sites for mortgage brokers, and Ellie Mae Docs services for document processing. Ellie Mae's ePASS® Network is the mortgage industry's online transaction platform enabling 40,000+ mortgage companies in the United States to easily do business online with leading lenders and nearly 100,000 settlement service providers. Ellie Mae is based in Dublin, California. To learn more about Ellie Mae, visit www.elliemae.com or call (888) 955-9100.
Stewart Mortgage Information (http://smi.stewart.com), a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC), is a leading provider of mortgage information and services that accelerate loan origination and reduce costs of post closing functions. SMI boosts the efficiency and profitability of the loan origination process through the delivery of information and services required for settlement and servicing using e-commerce, including: credit, valuation products, nationwide title and settlement services, flood determinations, electronic mortgage document solutions, background checks and a variety of post-closing and investor delivery services.
Stewart Information Services Corp. is a technology driven, strategically competitive, real estate information and transaction management company. Stewart provides title insurance and related information services required for settlement by the real estate and mortgage industries through more than 8,000 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, automated county clerk land records, property ownership mapping, geographic information systems, property information reports, flood certificates, document preparation, background checks and expertise in tax-deferred exchanges. More information can be found at www.stewart.com.