He added, “The new release of Encompass provides new capabilities using our pricing and secondary solutions along with the necessary automation and resources required for a smooth transition to a post TILA-RESPA environment. Ultimately this major new version of Encompass is enabling our customers to increase productivity and efficiency.”

The Pleasanton, Calif.-based company also announced on July 21 that it has entered into a strategic partnership with Fannie Mae.

Fannie Mae, which is now government-owned, already provides software for mortgage lenders originating loans for sale onto the secondary market. Ellie Mae announced that the partnership would allow the two organizations to provide users eith a more uniform work environment.

“Our focus at Ellie Mae is to provide our lenders with innovative solutions for automating the entire loan process while ensuring the highest level of compliance, loan quality and efficiency,” Ellie Mae Executive Vice President Joe Tyrrell said. “Our strategic partnership with Fannie Mae will make it even easier for our lenders to do business with Fannie Mae through a complete workflow that covers the entire loan cycle, from application to post-closing.”

“We share a common goal with Ellie Mae, which is to provide best-in-class tools to our lenders,” Fannie Mae Senior Vice President of Strategic Initiatives and Business Solutions Steve Pawlowski added. “By partnering with Ellie Mae, we will leverage our combined technological innovation and expertise to create even greater automation and transparency. Together, we will provide our customers with greater certainty and access to technology that makes it easier to do business with us. We look forward to working with Ellie Mae to enhance our value to lenders and help them succeed.”