Dublin, CA and CONCORD, CA—November 2, 2006—Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, and Online Documents, Inc., a subsidiary of Stewart Lender Services (SLS), have announced that they have partnered to offer access to Online Documents' Online Express™ Web through Ellie Mae's Encompass® Mortgage Automation System.
Effective immediately, Online Express™ Web will be an important new option for Encompass users looking for a mortgage documents provider.
"We have thousands of correspondent originators that utilize our loan origination software and ePASS® Network as a means of accessing lenders and settlement service providers, and a large percentage of them are also drawing documents," explains Richard Roof, senior vice president of strategic partnerships at Ellie Mae. "Adding a leading supplier like Online Documents to supplement our current selection of document services is going to help meet the varied needs of our extensive user base. So far they have had interfaces with Genesis 2000® and Contour™, and now they've added an interface to Encompass. Online Documents has a great reputation and provides excellent service."
As set forth in its end-user agreement, Online Documents provides mortgage documents warranted for compliance, including initial disclosures and closing documents. Documents are provided for all 50 states, and orders are fulfilled within minutes on a 24/7 basis. Online Documents' compliance warranties extend to virtually any license or charter type.
"Encompass has set a high standard for loan origination systems and is gaining market share among leading mortgage companies," states Terry Ward, CMB, vice president of corporate development at Online Documents. "We believe Online Documents is the premier provider of mortgage documents, and therefore it makes sense to build an alliance between our two companies."
About Ellie Mae, Inc.
Ellie Mae is an award-winning provider of software and services for the mortgage industry, which was recently 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 automation system, Contour™ and Genesis 2000® loan origination software, Encompass Websites™ 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 all mortgage companies in the United States to easily do business online with dozens of leading lenders and thousands of 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.
About Online Documents, Inc.
Established in 1988, Online Documents (www.onlinedocuments.com) provides compliant mortgage documents and related services to lenders, nationwide. Online offers web-based and desktop installations (Online Express™ Web and Online Express™) for local lenders and more comprehensive enterprise solutions, including MISMO data feeds (Integration Manager™) for regional and national lenders. Online delivers Initial Disclosures and Closing Document packages via the web and to local print destinations within minutes of an order, 24/7. Additionally, Online provides Print and Mail Services for Initial Disclosures from its central processing center and offers unique support to Attorneys who prepare and draw documents for lender clients through its advanced Document Review Manager™ technology.
About Stewart Lender Services
SLS is a wholly owned subsidiary of Stewart Information Services Corp. (NYSE-STC). SLS is a leading provider of mortgage information and services that accelerate loan origination and reduce costs of post-closing functions. SLS meets the needs of the real estate industry through the delivery of information services required for settlement using e-commerce, including credit valuation products, nationwide title and settlement services, flood determinations, electronic mortgage document preparation, background checks and a variety of post-closing and investor delivery services. For more information, visit www.stewartlenderservices.com.
Stewart Information Services Corp. (NYSE-STC) is a customer-centric, 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 9,500 policy-issuing offices and agencies in the United States and international markets. Stewart also provides post-closing lender services, mortgage default management solutions, 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.
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