Cre8tech Labs’ Lender Price has formed a partnership with Ellie Mae’s mortgage management solution Encompass.
The partnership will see Lender Price integrate its technology with Encompass to enable lenders to price and lock loans, simplifying the loan origination process.
Lender Price provides correspondent lenders, wholesale lenders and retail originators with a management platform for mortgage loan products. The platform helps firms with product, pricing and eligibility for loans through its business intelligence and analytics.
Solutions provided by the company include built-in compliance checks, secondary marketing tools, margin management, lock desk, customized workflows and others.
Ellie Mae is an on-demand software solution and services developer for the mortgage industry. The California-headquartered provides banks, credit unions and mortgage lenders with a single platform to originate and fund mortgages. Clients can implement the technology to help with various processes such as compliance and document management, sales and marketing, underwriting and sales analytics.
Cre8tech Labs CEO Jerry Halbrook said, “We are delighted to partner with Ellie Mae,” “Our secure, seamless integration with Encompass enables our clients to simplify the process of managing Products, Pricing and Eligibility, so they can more efficiently process mortgage loans and grow their business.”
Earlier in the week, blockchain technology developer Symbiont partnered with FinTech investment firm Ranieri Solutions to bring blockchain solutions to the mortgage industry.
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