Additional integrations include third-party verifications and risk
LOVELAND, Colo.--(BUSINESS WIRE)--
Kroll Factual Data, Inc. (“Kroll Factual Data”), a leading provider of
risk mitigation and independent verification services to mortgage
lenders, banks, credit unions and property management firms, announced
today the addition of several Kroll Factual Data product integrations
into Ellie Mae’s Encompass® mortgage management solution. Kroll Factual
Data’s suite of Third-Party
Verifications will be available beginning February 6, 2014 with a
suite of Risk
Mitigation Services available later this year. Other Kroll Factual
Data services currently integrated with Encompass include Bureau Express
Credit Reports, Flood Determination Reports, and Loan Review Report, a
product specifically designed to help clients comply with Fannie
Mae’s Loan Quality Initiative (LQI).
Kroll Factual Data Third-Party Verification services include
Verification of Employment (VOE), Verification of Deposit (VOD), Tax
Return Verifications (TRV), and Social Security number verifications
“The addition of our Third-Party Verification and Risk Mitigation
Services into Encompass will streamline our mutual customers’ access to
the information used to make verification determinations,” said Damon
Littlejohn, Director Channels and Alliances at Kroll Factual Data.
“Independent verification of borrower data and mitigating risk are vital
cogs of a high-quality, compliant mortgage,” said Joe Tyrrell, senior
vice president of client management and business development at Ellie
Mae. “We’re pleased to be able to strengthen Kroll Factual Data’s
integration in Encompass and offer our mutual clients an efficient way
to access these new services.”
About Kroll Factual Data
Kroll Factual Data is a trusted provider of independent verification
services to mortgage lenders, banks, credit unions and property
management firms. For more than 25 years, Kroll Factual Data has helped
clients confidently make prompt, accurate decisions that mitigate risk,
enhance safety and soundness, and increase profitability. By aggregating
and analyzing information, Kroll Factual Data helps its customers
protect its financial assets and make informed decisions.
For more information, visit www.krollfactualdata.com.
About Ellie Mae
Ellie Mae, Inc. (NYSE: ELLI) is a leading provider of on-demand
automation solutions for the mortgage industry. The Company offers
an end-to-end solution, delivered using a Software-as-a-Service model
that serves as the core operating system for mortgage originators and
spans customer relationship management, loan origination and business
management. The Company also hosts the Ellie
Mae Network™ that allows Encompass® users to
electronically conduct business transactions with the lenders and
settlement service providers they work with to process and fund loans.
The Company's offerings include the Encompass and DataTrac®
mortgage management software systems.
Ellie Mae was founded in 1997 and is based in Pleasanton, California. To
learn more about Ellie Mae, visit www.EllieMae.com
or call 877.355.4362.
© 2014 Ellie Mae, Inc. Ellie Mae®, Encompass®,
DataTrac®, Ellie Mae Network™and
the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae,
Inc. or its subsidiaries. All rights reserved. Other company and product
names may be trademarks or copyrights of their respective owners.
Kroll Factual Data
Chris Horn, 970-619-7019
Source: Kroll Factual Data, Inc.