Mortgage Lenders Value Ease Of Use

Fox Valley Savings Bank, based in Fond Du Lac, Wis., has selected Ellie Mae’s Encompass as its mortgage management solution. Fox Valley Savings Bank is a full service community bank with three branches in Wisconsin and approximately $301 million in assets. The bank has been a leading mortgage provider in the communities it serves for more than 80 years. Here’s why they chose Encompass:

“As compliance demands intensify, we needed more efficient ways of ensuring compliance and loan quality across our three branches,” said David Gerritson, vice president of Fox Valley Savings Bank. “We had been using a different loan origination system and another solution for mortgage documentation, but found that managing two disparate systems was cumbersome and error-prone. Ellie Mae’s all-in-one Encompass mortgage management solution provides us with one unified system with built-in compliance and quality checks that gives us the ease of use and improved efficiencies we need. Most importantly, it provides an easy and convenient online mortgage application together with up-to-date mortgage information that is helpful to our customers.”

Fox Valley Savings Bank is using Ellie Mae’s Success-Based Pricing model, which allows the company to pay for software and services based on the number of loans closed every month.

“Ellie Mae’s Encompass is gaining traction with mortgage lenders of all sizes, including community banks such as Fox Valley. Our all-in-one mortgage management solution provides a fully-integrated system that delivers improved efficiency, quality and compliance,” said Jonathan Corr, president and chief operating office of Ellie Mae. “Fox Valley loan officers, underwriters and processors will find they can do more in less time, while staying in compliance with the increasingly strict regulations our industry faces today.”

About The Author

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Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.