Ellie Mae has received the industry’s first-ever MISMO Software Compliance Certification in the TRID (TILA-RESPA Integrated Disclosures) domain for Ellie Mae’s Encompass solution. Here’s what this means:
“The Ellie Mae compliance and development teams have done a tremendous job of building our new TRID compliance feature set into Encompass,” said John Haring, Ellie Mae’s director of Compliance. “The MISMO TRID Certification is a wonderful recognition of their hard work in leveraging the MISMO standards to ensure that our customers are completely ready to meet the challenging new requirements of TRID.”
The MISMO TRID Domain Certification recognizes the usage of the MISMO 3.3 transaction dataset in the production, transmission and consumption of the CFPB’s new Loan Estimate and Closing Disclosure forms and the GSE’s Uniform Closing Dataset (UCD) in Encompass.
“Many industry technology providers claim MISMO compliance in their literature, but very few have actually taken the time and effort to become certified by MISMO,” said Harry Gardner, Ellie Mae’s vice president of eStrategies. “Ellie Mae fully supports the mission of the MISMO standards in creating more streamlined, efficient industry data exchanges, and we’re proud to be the first company to receive MISMO’s formal recognition of TRID domain compliance.”
About The Author
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 email@example.com.