LOS Study Seeks To Quantify ROI

Technology return on investment is often mercy and hard to quantify exactly. To fill this void, Ellie Mae has commissioned an independent ROI Benchmark study conducted by MarketWise Advisors, LLC, which showed that Ellie Mae’s Encompass LOS provided as much as $970 of potential savings and value per loan. Conducted during the fourth quarter of 2014, the study measured results from actual Ellie Mae clients and found the savings came from a number of areas, including reduced origination costs, improved operational efficiencies, and increased loan quality and compliance. Here’s the scoop:

Specific findings from the study show that Encompass provides up to $970.14 potential savings and value per loan comprising $612.83 of improved asset quality and execution potential per loan and $337.31 of improved efficiencies and cost-savings potential per loan.

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MarketWise Advisors was commissioned by Ellie Mae to analyze the financial performance and ROI of Encompass. The study evaluated and analyzed both the potential ROI achieved through Encompass as well as the performance value of its integrated, on-demand services: Encompass Compliance Service, Encompass Product and Pricing Service, Encompass Docs Solution and the Ellie Mae Total Quality Loan (TQL) program.

The MarketWise Advisors’ ROI study found that Ellie Mae clients using Encompass benefitted from improved compliance, loan quality and efficiency, and realized a strong ROI. Results indicated widespread, quantifiable benefits for existing and new clients, including significant, measurable competitive advantages such as a reduction in origination costs; improved operational efficiencies, loan quality and compliance that led to improved bottom-line profitability. The Ellie Mae clients that participated in this study represent diverse lending entities, origination channels, geographies and business structures.

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“This study was uniquely comprehensive in its depth and nature,” said Jordan Brown, CEO of MarketWise Advisors. “The financial impact of Encompass was the remarkable lesson of this study, with compliance management and data transparency playing the strongest roles in the solution’s ability to build value and deliver net-income impacts.”

To download the complete study, please visit http://www.elliemae.com/roi.